During the Trump-Xi summit in Beijing, US Treasury Secretary Scott Bessent announced that the US and China will establish a protocol for AI safety to ensure responsible development and prevent misuse by non-state actors. Bessent emphasized that the US leads in AI technology, enabling constructive dialogue with China. The summit also highlighted tensions over Taiwan, with China warning of conflict risks if mishandled. Bessent indicated that President Trump will address Taiwan issues further in the coming days. The meeting marks a significant step in US-China cooperation on AI and trade amid broader geopolitical challenges.
Berkshire Hathaway's shares have rebounded close to all-time highs after a dip following Warren Buffett's announcement to step down as CEO. The company has been actively deploying its $360 billion cash reserve, including a notable $1 billion investme...
Alphabet's cloud revenue surged 82% in Q2 2026 to $24.77 billion, with a backlog of over $460 billion, showing strong customer demand. Its core business also grew steadily, supporting ongoing investments in cloud and AI infrastructure despite a doubl...
Apple and Alphabet posted record quarterly earnings driven by strong iPhone sales and Google Cloud growth, respectively. However, the upcoming U.S. midterm elections pose significant political risks, especially if Democrats gain control of Congress, ...
Alphabet and Microsoft are competing to become the next $5 trillion company, driven by AI cloud services growth. Alphabet's Google Cloud revenue surged 82%, showing rapid expansion but relies on raising capital and increasing debt to fund its $175-$1...
Anthropic's planned November IPO valuation is now expected by some investors to be around $1.5 trillion, down from an earlier $2 trillion estimate. This lower valuation reflects slower revenue growth, with Q3 revenue rising 45% from Q2, compared to a...
