Latest Updates Around The World
The tech industry witnessed a dramatic shift as the wealth of several top tech billionaires plummeted due to AI bubble fears and fluctuating valuations. Larry Ellisonco-founder of Oracle, has suffered a staggering $59.2 billion loss in his fortune since the beginning of the year, including $19 billion just this week. The sell-off was exacerbated by […]
On Friday, Deepwater Asset Management managing partner Gen Munster said executives find it difficult to discuss AI-driven job cuts. Munster highlights C-suites’ reluctance on AI and job cuts Take to XMunster said: “One truth about AI’s impact on the workforce is that it’s hard to talk about.” He noted that earlier this week in Davos, […]
Michael Burry urged the president Donald Trump and vice president J.D. Vance Friday to accelerate a $1 trillion nuclear power and grid expansion plan to feed rising AI-driven electricity demand, arguing it is the only way for the U.S. to compete with China and sustain long-term growth. Burry calls nuclear energy a strategic necessity In […]
The enormous rotation currently unfolding within ARK Invest suggests that Cathie Hout thinks 2026 will be the final celebration for the genomic revolution. As 2025 draws to a close, ARK is aggressively selling past winners like Tesla, Inc. (NASDAQ: TSLA) And Rocket Lab Corp. (NASDAQ:RKLB) to fund a multi-million dollar accumulation of gene editing pioneers. […]
Despite warnings of inflated valuations, leading AI investors argue that the current wave of artificial intelligence is driving unprecedented innovation and attracting top talent from tech giants. AI bubble seen as a catalyst for innovation and talent migration At the Fortune Brainstorm AI conference, Steve Jang by Related companies And Cathy Gao by Sapphire companies […]
On Sunday, Sen. said Bernie Sanders (I-Vt.) said artificial intelligence and robotics could become dangerous if they only benefit big tech companies. Sanders warns that AI could concentrate power among tech giants The Vermont senator took over X and said “the greatest challenge” facing humanity is ensuring that AI and robotics are developed to improve […]
California faces a looming $18 billion budget gap, even as AI-powered tax gains mask deeper budget pressures. The impartial one Legislative Analyst’s Office warns that AI-driven tax windfalls could mask serious fiscal risks. In its November 2025 budget outlook, the agency said the state’s economy remains under pressure and recent revenue strength may not last. […]
Oracle Corporation (NYSE:ORCL) has seen a significant market reaction following its bold shift towards artificial intelligence (AI), resulting in a 25% share price drop in the past month. What happened: Oracle’s ambitious entry into the AI sector, fueled by significant borrowing, has caused unrest on Wall Street. The tech giant has promised to invest hundreds […]
NVIDIA Corp (NASDAQ:NVDA) CEO Jensen Huang had praise for billionaire Elon Musk when asked about investing in Xai on Wednesday. NVDA stock is rising. See what drives this movement here. Investing in Elon Musk As a leader in the artificial intelligence sector, Nvidia regularly invests in companies in the space. The topic came up during […]
When it comes to financial experts who recognize retail traders by spending hours on social media or viewing CNBC, Tom Lee And Then then Ives belong to the most famous names. Both Ives and Lee have many things in common, including the names and brains behind new ETF launches. Here is a look at the […]
