CrowdStrike Raises Fiscal Year Guidance, Citing ‘Momentum’

Oracle Corp.'s credit risk gauge has reached its highest level since the 2009 financial crisis, driven by a surge in bond sales from major tech firms and growing fears of a bubble in the artificial intelligence sector. This spike reflects increasing investor anxiety about the sustainability of Oracle's debt amid its significant investments in AI technology.

Dell CEO Michael Dell announced a $6.25 billion initiative to provide 25 million American children with $250 each to start investment accounts, building on the earlier 'Trump accounts' initiative linked to President Donald Trump's One Big Beautiful Bill Act. This announcement was made during an appearance on Bloomberg The Close.

Marvell Technology Inc. announced its intention to acquire Celestial AI, leading to a surge in its shares as investors reacted positively to the news. The company emphasized that its custom chip-design unit is securing repeat orders, indicating robust growth amid increasing demand for AI computing solutions.

OpenAI CEO Sam Altman has declared a 'code red' for ChatGPT, urging an immediate focus on enhancing the AI platform while postponing other projects. This decision reflects the company's recognition of the need for rapid improvements in response to user feedback and competitive pressures in the AI sector.

OpenAI CEO Sam Altman has declared a 'code red' for ChatGPT, reallocating internal resources to accelerate enhancements to the AI platform, which will delay other projects. This urgent response comes as competition intensifies in the AI landscape, particularly from rivals like Google, which has recently launched its own advanced AI model.

Big Tech's longstanding strategy of minimizing spending while maximizing earnings is facing significant challenges due to the rapid advancements in artificial intelligence (AI). This shift threatens the traditional business models that have driven growth for two decades, as companies are now compelled to invest heavily in AI technologies to remain competitive.

The Bank of England has issued a warning regarding the risks associated with a multi-trillion dollar spending boom in artificial intelligence infrastructure that is largely financed through debt. The central bank highlighted that current stock market valuations are 'materially stretched', raising concerns about the sustainability of this growth.

Zhipu, a Chinese AI startup, has achieved a significant revenue milestone and increased its user base for its AI development tools, positioning itself for a potential initial public offering (IPO) in China. This growth reflects the rising demand for AI technologies in the region.