Shamil Khan

A punishing tech selloff swept Wall Street, with IBM suffering its worst day ever and chip stocks plunging, even as inflation cooled. Fears of an AI spending slowdown and Chinese competition are rattling investors.

Anthropic is paying up to $600,000 for a director of investor relations to craft its investment story ahead of an IPO. The move follows key hires from Meta and Google DeepMind, signaling a strategic push to win over Wall Street.

Bitcoin struggled to hold $64,000 after China’s Kimi K3 AI model stunned markets, beating top models and sparking a tech sell-off. Fading U.S. crypto legislation hopes added pressure, while miners face new risks from cheaper AI compute.

OpenAI introduces a four-part framework for measuring AI ROI: useful work produced, cost per successful task, dependability, and value at scale. The 'Useful Intelligence per Dollar' metric aims to replace outdated adoption metrics with outcome-based measurement.

A sharp rotation out of semiconductor and tech stocks this week pushed the Philadelphia SE Semiconductor Index toward its steepest weekly decline in over a year, sparking fresh concerns about the sustainability of the AI-driven surge. Strong forecasts from TSMC and ASML failed to halt the slide as investors question massive AI capital expenditures.

Bank of America has named senior leaders to accelerate AI adoption across its global markets division. The appointments signal a centralized push to embed AI into trading, analytics, and digital assets.

South Korea's KOSPI has been hijacked by leveraged AI bets, causing unprecedented volatility and regulatory intervention. The market's traditional role as a global bellwether has been shattered.

U.S. earnings season intensifies with Alphabet and Intel reports that could define the AI trade's trajectory. Robust profit growth is needed to sustain market highs amid geopolitical tensions.

Moonshot's Kimi K3, a 2.8 trillion-parameter open-weight model, delivers performance near Anthropic's Fable and surpasses several OpenAI systems, marking a pivotal moment in the US-China AI race.

A new framework argues that before AI agents can take on recurring work, teams must define the task, context, quality standards, and permission boundaries. These five reusable assets bridge the gap between experimentation and operational reliability.

Google's next-generation AI model, Gemini 3.5 Pro, faces a months-long delay due to underperformance in coding tasks. The setback highlights the fierce competition and high stakes in enterprise AI, as rivals like OpenAI and Anthropic push ahead.

Thinking Machines Lab, founded by ex-OpenAI CTO Mira Murati, has released Inkling, its first open-weight AI model. With 975 billion parameters and a unique controllable thinking feature, it targets enterprises wanting to fine-tune their own AI rather than rely on closed, one-size-fits-all systems.

Karachi’s Safe City Project now uses AI to automatically fine illegally parked vehicles. The faceless e-challan system aims to reduce congestion and corruption, but raises privacy questions.

Near-record foreign buying of US stocks in May reveals a global flight to Wall Street’s AI trade, even as capital flees South Korea and Taiwan. The data exposes a stark divergence in how investors are betting on artificial intelligence.

Industrial Development Funding and Oaktree Capital are injecting $1.7 billion into Bloom Energy fuel cells to power AI data centers, starting with Nebius. The deal sidesteps grid delays but raises questions about natural gas reliance.

Micron Technology has signed long-term agreements with Qualcomm, Harman, and other automotive suppliers to provide memory and storage for AI-enabled vehicles. The deals aim to ensure stable supply and pricing as the industry races to meet booming demand for AI chips in cars.

A new study by Pangram finds that over 40% of long-form LinkedIn posts are fully AI-generated, the highest rate among major social platforms. The research highlights the normalization of synthetic content and raises questions about detection accuracy.

Single-stock leveraged ETFs are driving massive flows into South Korean chipmakers, amplifying gains and volatility. Regulators are now racing to contain the risks before the feedback loop triggers a broader market shock.

Anthropic unveils Claude for Teachers, providing free premium AI access to US K-12 educators. The tool integrates with state standards and prioritizes privacy, aiming to reduce teacher workload and enhance classroom instruction.

Sindh Chief Minister Syed Murad Ali Shah announced plans for AI-enabled data centers and a new deep-sea port at Keti Bandar, aiming to attract foreign investment from Indonesia and beyond. The projects are part of a broader push to digitize the province and improve trade infrastructure.

George Lucas declares AI the inevitable future of moviemaking, likening resistance to clinging to horse-drawn buggies. His comments intensify Hollywood's fierce debate over generative AI's creative and ethical implications.

Apple's generative AI service, Apple Intelligence, has been registered with China's cyberspace regulator, paving the way for its iPhone launch. The service will integrate Baidu and Alibaba AI models to comply with local regulations.

India's 1991 liberalization failed Gen Z, and AI is making it worse by automating precarious jobs and entrenching monopoly power. Researcher Amir Hyder Khan proposes treating AI as a public utility and socializing automation gains to prevent deepening inequality.

Chinese AI firm DeepSeek is seeking fresh funds at a $74 billion valuation as it prepares for a mainland IPO, highlighting the escalating costs of AI leadership and a shift from its bootstrapped origins.

ASML lifted its 2026 sales forecast to €45 billion and announced a 30% increase in low-NA EUV production capacity by 2027, addressing AI chip demand. The move eases bottleneck fears but raises questions about the sustainability of the current investment cycle.

Europe is scrambling to protect its aging infrastructure from record heatwaves using drones, AI sensors, and even white paint. Railways and roads are buckling under unprecedented temperatures, forcing nations to adopt both high-tech and surprisingly simple solutions.

DeepSeek, the Hangzhou-based AI model maker, is gearing up for a mainland IPO with a possible filing this year and a 2027 listing. The move comes as Chinese AI firms seek public capital to compete globally, though regulatory and revenue challenges loom.

DeepSeek founder Liang Wenfeng’s net worth has doubled to $36 billion, surpassing other AI model founders. The surge reflects China’s AI boom and DeepSeek’s cost-efficient models.

ASML reported better-than-expected second-quarter earnings, with revenue hitting €9.33 billion as AI chip demand outweighed China export concerns. The results reinforce the company's central role in the AI supply chain.

IBM warns that the AI boom is squeezing traditional software budgets as enterprises redirect spending to data-center infrastructure, causing a significant earnings hit and a sharp stock decline.