economy

U.S. Government Approves Anthropic to Release Mythos AI Model to Select Companies and Agencies

06/26/2026, 04:35 PM economy announcement ai

The U.S. government's approval for Anthropic to release its Mythos 5 AI model to select companies and federal agencies signifies a resolution to a recent standoff, highlighting the administration's focus on maintaining leadership in AI while addressing national security concerns.

China’s Zhipu Launches Competitive AI Model GLM 5.2, Challenging U.S. Leaders Anthropic and OpenAI

06/26/2026, 03:35 PM economy growth ai

Zhipu's GLM 5.2 AI model has emerged as a competitive alternative to leading U.S. models from Anthropic and OpenAI, offering significant cost advantages and driving interest among developers, which could reshape the AI landscape.

Oracle (ORCL) Experiences Worst Weekly Decline Since 2001 Amid AI Financing Concerns

06/26/2026, 01:36 PM economy stock_drop software Oracle

Oracle's stock experienced its steepest weekly decline in 25 years, dropping 19% amid rising concerns over its significant debt and the viability of its AI investments. This downturn highlights the challenges the company faces in balancing capital expenditures with market expectations.

Analysts Piper Sandler highlight concerns over Meta Platforms' (META) AI spending amid stock performance struggles

06/26/2026, 11:37 AM economy research Analysts: analysts, Piper Sandler ai internet Meta Platforms

Despite launching several AI initiatives, Meta Platforms' stock continues to struggle, reflecting investor skepticism about the company's ability to convert these investments into profitable revenue streams. The company's significant capital expenditures and disappointing earnings guidance have overshadowed its growth potential.

OpenAI Limits New AI Models to Trusted Partners Following U.S. Government Request

06/26/2026, 10:36 AM economy announcement ai

OpenAI's decision to limit the rollout of its new AI models to a select group of trusted partners, as requested by the U.S. government, highlights the increasing regulatory scrutiny in the AI sector and may impact the competitive landscape among AI developers.

President Trump Threatens 100% Tariff on Countries Imposing Digital Services Tax on U.S. Companies

06/26/2026, 10:36 AM economy announcement Meta Platforms Amazon Alphabet

President Trump's threat to impose a 100% tariff on countries implementing digital services taxes could significantly impact international trade relations and U.S. tech companies, which are often the targets of such taxes.

ON Semiconductor (ON) Shares Plunge 20% Following Acquisition of Synaptics

06/26/2026, 09:37 AM economy stock_drop semiconductors ai Synaptics

ON Semiconductor's shares fell 20% following the announcement of its acquisition of Synaptics, which aims to enhance its capabilities in physical artificial intelligence. CEO Hassane El-Khoury emphasized the strategic value of the deal and the strength of the company's core business despite the market reaction.

Billionaire Investor Jeremy Grantham Predicts Bitcoin Will Gradually Fade into Irrelevance

06/26/2026, 07:37 AM economy research

Jeremy Grantham, co-founder of GMO, predicts that bitcoin will gradually lose relevance over the coming decades, labeling it a speculative asset without intrinsic value. His comments highlight ongoing skepticism about bitcoin's utility and stability as an investment.

JPMorgan Chase Promotes Doug Petno and Troy Rohrbaugh to Co-Presidents Amid CEO Succession Planning

06/26/2026, 05:38 AM economy appointment Micron JPMorgan Chase Microsoft Apple

Recent market movements highlight the impact of rising memory costs on major tech companies and the implications of Supreme Court rulings on Bayer and immigration policies, which could influence investor sentiment and sector performance.

AI Companies OpenAI and Anthropic Face Spending Scrutiny as Businesses Shift Focus to Cost Efficiency

06/26/2026, 05:38 AM economy review ai Amazon Microsoft Google

AI companies like OpenAI and Anthropic are facing a shift in spending habits as businesses seek to control costs, leading to a potential slowdown in their rapid growth and upcoming IPOs.