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AI & Enterprise
Nvidia talks with OpenAI on $250 billion guarantee for Ohio data centre
Nvidia is discussing providing about $250 billion in payment guarantees for a large data centre project for OpenAI, the Wall Street Journal reported. The guarantee would support OpenAI leasing a 10-gigawatt project being developed in southern Ohio by an energy unit of SoftBank, the report said. Including chips, the overall cost could exceed $500 billion. The U.S. government would control the power, with Japan funding under a recent trade agreement.
Industry
Elon Musk\'s trillionaire status ends as SpaceX slumps, halving net worth
Elon Musk’s estimated net worth topped $1.3 trillion soon after SpaceX’s listing, but fell within weeks to $725 billion as the stock slid. The drop reflected shrinking valuation gains on his SpaceX stake rather than a cash loss. SpaceX shares surged after pricing at $135, then fell to around $113 in late July. Tesla shares also weakened after results missed expectations.
Mobility
Tesla shares plunge 12 percent on weak results as markets doubt robotaxi and Optimus promises
Tesla shares fell more than 12 percent after its 2026 second-quarter profit and free cash flow missed market expectations, wiping out more than $140 billion in market value. Revenue rose 26 percent and deliveries hit a record, but operating profit and margins declined and adjusted EPS fell short of Wall Street estimates. Free cash flow turned negative as capital spending jumped. Investors were not swayed by Elon Musk’s comments on Optimus or robotaxi metrics.
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AI & Enterprise
Google search ecosystem shifts as AI mode fuels reality of open web decline after 1 year
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AI & Enterprise
Alphabet revenue up 24 percent on Google Cloud; free cash flow turns negative on AI investment
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Crypto
Coinbase to pursue all-in-one finance app in Canada, including stocks and prediction markets
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Industry
Samsung, SK and Naver chiefs to meet Nvidia\'s Jensen Huang in Silicon Valley this week
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Crypto
Goldman Sachs launches investment platform targeting pre-IPO unicorns
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Crypto
Tether adviser says bitcoin massively undervalued as ETF inflows continue
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AI & Enterprise
Cheap capable AI floods market, putting OpenAI and Anthropic edge to the test
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Crypto
Ripple Prime revenue triples after Hidden Road acquisition, eyes \'Wall Street 2.0\'
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Crypto
Strategy to resume bitcoin buying? Michael Saylor post draws attention
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AI & Enterprise
Truth behind chip stock fall from China AI models
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AI & Enterprise
SpaceX in talks with Pentagon to provide multibillion-dollar AI data centre capacity
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Crypto
Morgan Stanley moves to set up digital asset trust bank, internalise custody and staking
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AI & Enterprise
Anthropic overtakes OpenAI as IPO countdown begins with October listing talks
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Crypto
OpenAI links Kalshi prediction market data to ChatGPT World Cup odds
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Crypto
Kalshi launches Kalshi Pro beta for professional traders