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The New YorkerA secondary market for shares in private AI companies has expanded rapidly as valuations for firms such as OpenAI and Anthropic have risen. The market includes layered investment structures that have drawn attention from venture firms and individual investors.
insidermonkey.comElectric vehicle maker Lucid Group posted a first-quarter net loss of $1 billion, missing revenue expectations, and announced steps to align production with demand due to elevated vehicle inventories. Separately, investment firm SuRo Capital reported a 76% rise in net asset value…
Nicolas Sauvage, founder of TDK Ventures, stated at a recent San Francisco event that the best investment bets take four years to become obvious. He discussed the firm's $500 million portfolio, including early investments in AI chip startup Groq. The corporate venture arm focuses…
realclearmarkets.comS&P 500 companies reported record profits in the first quarter, driven largely by Big Tech firms and anticipated AI-related capital spending. Short-seller Jim Chanos noted that accounting practices for AI investments could further boost earnings estimates for 2026-2027.
Alan Murray-Rust / Wikimedia (CC BY-SA 2.0)Amazon announced OpenAI's models will be available on its AWS cloud service amid reports of OpenAI missing growth projections. This follows a partnership shake-up with Microsoft and comes as Alphabet, Amazon, Meta, and Microsoft gear up for first-quarter 2026 earnings. Analysts h…
Meta disclosed a drop of 20 million daily active users across its platforms, attributing it to disruptions in Iran and Russia. The company also increased its 2026 capital expenditures by $10 billion amid strong revenue growth. Reality Labs posted significant losses, and Meta's st…
CNBCAlphabet reported first-quarter revenue of $109.9 billion, exceeding expectations, with earnings per share at $5.11. The company announced higher capital expenditures for 2026, driven by AI demand. Shares rose more than 6.5% in after-hours trading following the results.
The GuardianU.S. stock markets advanced following strong quarterly profits from companies like Alphabet, despite volatile oil prices driven by the ongoing war with Iran. Global markets showed mixed responses, with European indexes climbing and Asian markets varying. Tech giants increased AI…
Pixel009 / Wikimedia (CC0)Investment firm Tiger Global Management led a funding round for New York City-based PopUp Bagels, valuing the chain at $300 million in late March 2026. Separately, Microsoft and OpenAI amended their partnership on April 27, 2026, allowing OpenAI to deploy products across multiple…
ndtv.comMicrosoft and Meta are scheduled to report quarterly earnings after market close, with analysts expecting strong results despite challenges from higher energy prices linked to the war in Iran. Broader market futures point higher as investors eye capex forecasts for AI buildouts.…
indiatoday.intoday.inMicrosoft announced voluntary separation packages for more than 8,500 experienced U.S. employees amid broader tech sector cuts. Meta plans to lay off 8,000 workers and leave 6,000 roles unfilled. The moves reflect efforts to reduce costs while investing heavily in AI, with big te…
The VergeAnthropic has imposed restrictions on third-party tools like OpenClaw, mandating paid subscriptions for Claude AI usage amid efforts to manage system strain and achieve profitability. This move reflects broader industry shifts toward monetization as AI firms face massive capital…
pymnts.comSoftBank is pursuing a $10 billion two-year margin loan backed by its holdings in OpenAI to support its AI investments. The loan includes an option for a one-year extension. This move adds to SoftBank's growing debt as founder Masayoshi Son aims to lead in the global AI sector.
ecns.cnChinese startups are producing and shipping more humanoid robots than U.S. counterparts, despite lower valuations. Investors view U.S. firms as AI platforms and Chinese ones as industrial hardware. Geopolitical tensions have reduced cross-border investments, creating opportunitie…
Substrate placeholder — needs reviewLongtime venture capitalist Ron Conway revealed he has been diagnosed with a rare form of cancer. He plans to step back from some activities while continuing to support founders at his firm SV Angel. Conway expressed optimism about his treatment and noted that his sons handle key…