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(Bloomberg) -- SpaceX shares extended declines in premarket trading, a day after the company saw the second-largest single-session drop in market value on record. Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsStocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets WrapMeta Invests $900 Million in Cred, Taps Founder to Head Wh

OpenAI debuted its ChatGPT ad pitch at Cannes Lions, but top executives and users alike are pushing back hard.

The tech company’s head count shrank by roughly 13% in its previous fiscal year, as it continued to invest in artificial intelligence.

The rocket company’s shares fell 16% amid reports it plans to sell at least $20 billion in bonds. The tech-heavy Nasdaq composite fell 1.3%, while the Dow rose 0.3%.

SpaceX now has a market cap well above $2 trillion.

(Bloomberg) -- House lawmakers have reached a bipartisan deal on a legislative package intended to strengthen online safety and privacy protections for children and teenagers—a key sign of progress on a major policy priority.Most Read from BloombergIran Says Hormuz Closed Again as Talks With US Set to OpenUS and Iran Make ‘Progress’ in Talks, Aim to Keep Hormuz OpenMeta Taps New WhatsApp Boss as Part of $900 Million InvestmentIranian Negotiators Said to Still Be Engaged in Talks With USStocks Fa

(Bloomberg) -- Alphabet Inc. shares tumbled on Monday following the departure of another high-profile artificial intelligence leader to a rival.Most Read from BloombergIran Says Hormuz Closed Again as Talks With US Set to OpenUS and Iran Make ‘Progress’ in Talks, Aim to Keep Hormuz OpenIranian Negotiators Said to Still Be Engaged in Talks With USMeta Taps New WhatsApp Boss as Part of $900 Million InvestmentIran Cites ‘Major Progress’ After All-Night Talks With USThe stock fell as much as 7.2%, t

Alphabet’s stock more than doubled on a simple, spectacular, and staggering premise: it built an AI engine so powerful it can’t keep it fed.

BANGALORE, June 22 - Indian fintech firm CRED's founder Kunal Shah will become Meta-owned WhatsApp's new leader, the messaging app's current head Will Cathcart said on Monday in a post on X. 

Indian ‌fintech firm ‌CRED said ​on Monday it will raise ‌about $900 ⁠million from Meta Platforms ⁠at a ​post-money ​valuation ​of $4.5 billion, ‌as it seeks to accelerate growth ‌and ​prepare ​for ​an eventual ‌stock market ​listing. (Reporting ​by Surbhi Misra ​in ‌Bengaluru; Editing ​by Diti ​Pujara)

(Bloomberg) -- Meta Platforms Inc. is investing $900 million into Indian fintech startup Cred, with plans to appoint its founder, Kunal Shah, the new leader of WhatsApp.Most Read from BloombergIran Says Hormuz Closed Again as Talks With US Set to OpenUS and Iran Make ‘Progress’ in Talks, Aim to Keep Hormuz OpenIranian Negotiators Said to Still Be Engaged in Talks With USDOJ Rejects Judge Request to Certify $1.8 Billion Fund NixedThe ‘Mass Affluent’ Are Losing Their Allure for Wealth Managers Nav

US futures were pointing higher at the start of the week as investors return from the Juneteenth holiday weekend, with technology stocks expected to lead gains despite lingering uncertainty over the Middle East and the prospect of further Federal Reserve tightening. Dow Jones futures were up...

June 22 (Reuters) - U.S. stock index futures started the week on a subdued note, after Friday's public holiday, with investors monitoring developments in U.S.-Iran talks following a tense start.

To look ⁠for ways to eradicate online listings, including through AI-enabled detection and prevention. Represent a ⁠fifth of the global e-commerce market and 90% of the world's social media users. Vodafone, Vodacom, Safaricom to use ​AI ​in anti-money-laundering and transaction monitoring ​systems across mobile money ‌platform M-Pesa.

Markets closed a shortened week higher as lower oil prices and a rally in chip stocks outweighed concerns about future Fed policy.

The tech giant is one of the best long-term plays on the booming AI market.

The rockets and satellites company has jumped 37% from its $135 offer price in its first five trading days, gaining $673.8 billion in market cap over that period.

Ohio's law requiring children under 16 to get parental consent to use social media apps must be restored, a divided panel of the Sixth Circuit Court of Appeals ruled Thursday. The decision comes as a blow to NetChoice, which had won court victories against similar laws in other states, including California and Arkansas. The trade group representing TikTok, Snapchat, Meta and other major tech companies brought suit against Ohio's law in 2024, arguing that it was overly broad, vague and represented an unconstitutional impediment to free speech.

Meta Platforms has secured new agreements to get AI computing power from data ‌center developer Crusoe, Bloomberg News reported on Thursday, ‌as it strengthens infrastructure required to support its AI expansion. Meta and ​Crusoe did not immediately respond to Reuters' requests for comment on the report, which cited people familiar with the situation. • ⁠Meta is under contract to buy computing capacity from Crusoe at two data centers, ⁠which are located in Childress, Texas, and Warrenton, Missouri, according to the report.

(Bloomberg) -- Meta Platforms Inc. has secured new agreements to get AI computing power from data center developer Crusoe, bolstering the infrastructure it needs to support an ambitious artificial intelligence expansion.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingTrump Blows Through His Iran Red Lines in Justifying Peace DealIran’s Deputy Foreign Minister Confirms Deal Reached With USNYC Greek Eatery Ki

OpenAI is bulking up before its IPO, landing Transformer co-inventor Noam Shazeer from Google DeepMind and former Trump AI policy official Dean Ball in the same week.

As SpaceX and Deep Fission go public and Anthropic and OpenAI look to follow, learn these rules for how to invest in IPO stocks.

Regulators may outline who pays for grid upgrades needed to support surging AI power demand.

$1.3 trillion S&P 500 companies reported that level of capex for 2025, according to data compiled by S&P Global Market Intelligence. That figure includes $412 billion for just five large hyperscalers: Alphabet, Amazon, Meta, Microsoft and Oracle.

The early Chinese ‌backers of ‌AI startup Manus are ​planning to buy the company back from Meta ‌at ⁠the $2 billion price that the ⁠Facebook parent paid, The ​Information reported ​on ​Thursday, citing ‌two people with direct knowledge of the matter. The move is in ‌response to ​a ​Chinese ​government order ‌that the deal ​be ​reversed, the report said.

Israeli AI cybersecurity startup Dream, co-founded by the former head of spyware firm NSO Group, said it ‌raised $260 million in a private funding round, bringing its valuation to $3 billion. Co-founder ‌Shalev Hulio, who cut ties with NSO in 2022 after the company was accused by Meta of ​targeting WhatsApp and its users, went on to launch Dream in 2023. Hulio co-founded NSO in 2010 and previously served as its CEO.

Emily Dalton Smith, who was set to lead Meta's internal AI work push, is reportedly leaving the company.

US equity markets were tracking in the green before the opening bell Thursday as investors weighed t

(Bloomberg) -- The artificial-intelligence race is becoming so expensive that it’s snuffing out one of the key forces that has helped keep Big Tech stocks soaring for years: steady share buybacks.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingTrump Blows Through His Iran Red Lines in Justifying Peace DealIran’s Deputy Foreign Minister Confirms Deal Reached With USApple Plans Camera AirPods Alongside Upgrad

The stock market is salivating over big increases in corporate earnings, but there’s a catch. Analysts expect S&P 500 companies’ earnings growth to top 20% for a second consecutive quarter in the current period, in part because of soaring profits by semiconductor makers and other AI-infrastructure companies. This combination has worked wonders for corporate earnings broadly.