Wealth managers charge ultra-rich clients approximately $10,500 annually for managing $1 million portfolios, providing exclusive access to hedge funds, private equity, and specialized services like estate planning and trust management that regular financial advisors cannot offer.
New AI platform Surf launches with integrated cryptocurrency research and trading capabilities, offering real-time social sentiment analysis and blockchain data while simplifying complex crypto concepts through plain-English explanations to help traders make more informed decisions.
Nvidia secures a massive $20 billion licensing deal with AI chipmaker Groq in an unusual structure that sees 90% of Groq's workforce joining the tech giant while shareholders receive substantial payouts, cleverly sidestepping antitrust concerns through the non-exclusive arrangement.
ServiceNow announces massive $7.75 billion acquisition of cybersecurity startup Armis, more than tripling its security market opportunity as companies ramp up spending to defend against AI-era cyber threats.
A massive $1.5 trillion AI investment bubble artificially inflates the US economy while experts warn that hallucinating, biased AI systems risk creating a dangerous Silicon Valley-controlled pseudo-reality lacking proper regulation.
Eight legacy programming languages including COBOL, Perl, Ada, Fortran, C/C++, Visual Basic, Pascal, and Python continue dominating modern software development as major corporations avoid rewriting critical systems that could introduce costly bugs, with these languages powering everything from banking operations to defense systems.
Nvidia creates a $5 billion chip-buying cycle by investing $1 billion in debt-fueled AI companies that use borrowed money to purchase Nvidia chips, then use those same chips as loan collateral, creating a circular financing system that amplifies purchases but risks destabilizing the entire AI sector.
AI startup Salient reaches $500M valuation with zero customer churn while processing $1B in loan transactions, achieving 30x better compliance than human agents and targeting the $20-30B U.S. auto lending market.
Anthropic launches Agent Skills, an open standard that trains AI assistants through reusable workplace modules, as Fortune 500 companies deploy it for legal and finance tasks while tech giants Microsoft, OpenAI, and Stripe integrate the platform that transforms specialized AI agents into one universal assistant.
OpenAI negotiates with Amazon for a massive $10+ billion investment deal that includes using Amazon's AI chips, marking a major shift after breaking free from Microsoft's exclusive computing partnership in October.