Tech Kevin O’Leary, Fox News hit with defamation suit over Utah data center Kevin O’Leary and Fox News were hit with a defamation lawsuit from two Utah nonprofit leaders who say they were falsely labeled proxies for the Chinese Communist Party during a fight over O’Leary’s proposed 40,000-acre data center.
Tech DRAM Prices Surge Amid AI Demand and Supply Constraints DRAM prices have surged up to 300% due to increased AI demand and supply constraints, impacting major manufacturers like Micron Technology.
Tech Jensen Huang Thanks Sega in Tokyo for 1995 $5M Lifeline Jensen Huang met former Sega president Shoichiro Irimajiri and Yu Suzuki in Tokyo to thank them for the 1995 $5M investment that saved Nvidia, while unveiling a new RTX Spark partnership.
Tech Apple's M2 Ultra Falls Short in AI, Turns to Nvidia Apple's M2 Ultra chip underperforms in AI tasks, leading the company to rely on Nvidia's GPUs for advanced workloads.
Politics Trump: Data Centers Are One of the Biggest Job Drivers of the Future Trump ripped New York's first-in-the-nation hyperscale data center moratorium, calling data centers one of the biggest future job drivers and warning investment will flow to Alabama, Florida, Texas, and Arizona.
AI Anthropic Eyes October IPO at Roughly $965B Valuation Anthropic is lining up investor meetings for a potential October IPO at a ~$965B valuation, with Goldman, Morgan Stanley, and JPMorgan leading the deal. The listing would beat OpenAI to the public markets.
Markets Buffett: ‘Tough to find value’ when everyone is gambling Warren Buffett told CNBC it is tough to find values when everybody prefers gambling, as Berkshire Hathaway sits on a record $397B cash pile and flags speculation in AI names, 0DTE options and leveraged ETFs.
AI AI blamed for 87,714 US job cuts in 2026, per Challenger Challenger, Gray & Christmas says AI has been cited in 87,714 US job cuts through May 2026, already topping all of 2025. Tech leads the wave, with 123,653 sector cuts YTD.
Tech Meta hit with lawsuit alleging AI targeted sick workers for layoffs Twenty-six former Meta employees are suing the company, alleging AI-powered software disproportionately targeted workers with disabilities or medical leave in this year’s mass layoffs. Meta denies the claims.
Markets Stocks and the economy are out of sync, and AI is the reason Stocks are up nearly 10% in the first half of 2026 while GDP growth trends near 2%. Economists say AI is the reason the market and economy look out of sync, and a wobble in AI names could hit the real economy through the wealth effect.
AI High-Earner Families Ditch Traditional Schools for AI Learning High-income families are pulling kids from traditional schools in favor of AI-powered alternatives like Alpha School and Forge Prep, with tuition running up to $75,000 a year.
AI Musk: AI and Robots Will Bring Universal High Income, Work Optional Elon Musk says AI and robots will make work optional and deliver universal high income. Michael Burry replied ‘False. There will be revolution first.’ Here is the trade angle.
Macro US entry-level job market weakest in 37 years as new-entrant unemployment hits 13.3% The share of unemployed Americans who are new workforce entrants hit a 37-year high at 13.3% in 2025, with finance and info services bleeding jobs and AI closing the door on entry-level white-collar work.
Markets Musk: SpaceX Could Be Worth More Than the Rest of Earth Elon Musk says SpaceX could eventually be worth more than the rest of Earth if it hits its multiplanetary goals. The claim followed the Anthropic compute deal and lands with SPCX near $152.
Macro Fed Taps Xbox CEO Asha Sharma for Jobs Task Force Days After 3,200 Layoffs The Fed named Xbox CEO Asha Sharma to co-lead its Productivity and Jobs task force just three days after she announced 3,200 layoffs at Microsoft’s gaming division.
Tech Deadly Bacteria in Cheyenne Water Traced to Meta's $800M AI Data Center A rare, potentially deadly bacterium found in Cheyenne, Wyoming's wastewater has been traced to Meta's $800 million AI data center, prompting new rules and fresh scrutiny of AI infrastructure buildouts.
Markets Raymond James sets Street-high $800 SpaceX price target Raymond James initiated SpaceX (SPCX) with a Strong Buy and Street-high $800 price target, implying roughly 440% upside and a $10.5 trillion market cap.
AI AI Costs More Than the Workers It Replaced, Forbes Reports Forbes says AI compute now costs companies more than the workers it replaced. Uber burned its 2026 AI budget in four months, and Nvidia execs admit compute exceeds payroll — even as Big Tech capex hits $740B.
Markets Earnings, Not Just Valuations, Are Flashing Bubble Warnings: FT Strategists cited by the FT warn the real bubble risk may be in earnings expectations, not just valuations, with 2026 S&P 500 EPS growth pegged near 25% and CAPE above 40.
AI Bain: AI Investments Are a ‘Circular Bet’ as ROI Disappoints Bain says 40% of companies tracking AI spend saw cost savings under 10%, and 44% are funding the next wave from prior returns that never fully materialized, calling it a circular bet with a structural leak.
AI AI Layoffs Aren’t Paying Off, Gartner Study Finds A Gartner survey of 350 executives finds AI-driven layoffs aren’t generating the returns companies expected — firms cutting the most posted nearly identical results to those cutting the least.
AI Zuckerberg: AI agent development hasn’t accelerated as expected Meta CEO Mark Zuckerberg told staff AI agent development hasn’t accelerated as expected and the reorg bets haven’t paid off yet, with results promised in three to six months.
AI Employers who cut jobs for AI are already regretting it, per CNBC CNBC reports 55% of business leaders regret AI-driven layoffs, with Ford, IBM and CBA rehiring humans after automation fell short. The reversal is pressuring the AI productivity narrative.
AI UBS: 60% of Companies Are Already Curbing AI Spend UBS says 60% of companies tracking AI budgets are already curbing spend and shifting to cheaper Chinese open-source models. The pricing gap is reshaping enterprise AI, and it puts pressure on OpenAI and Anthropic ahead of their IPOs.
Markets Morgan Stanley: Salt Is the New Oil, Sodium-Ion Batteries Take Off Morgan Stanley says salt is the new oil, projecting sodium-ion batteries hit 37% of battery deployment by 2035 with $800B in capex tied to AI power demand.
