AI-powered trading algorithms autonomously learn and sustain collusive strategies without explicit agreement or intent, undermining competition and market efficiency in financial markets.
Legal AI startup Harvey rockets to $100 million in annual revenue within three years of launching, quadrupling its weekly users while serving over 500 major clients including Comcast with AI-powered legal research and drafting services.
Fundamental Research Labs secures $33 million to develop AI agents like Fairies, a consumer assistant, Shortcut for financial analysis, and digital humans, focusing initially on productivity apps across various industries.
OpenAI secures a staggering $8.3 billion in oversubscribed funding round, with demand 5 times higher, propelling its annual recurring revenue to soar past $13 billion, up from $10 billion just months ago.
Apple surges on a 13% increase in iPhone sales, reporting 10% revenue growth, its biggest since December 2021; CEO Tim Cook vows to 'significantly grow' AI investments, open to acquisitions accelerating its AI roadmap, while seeing a 4% sales boost in China aided by device subsidies.
Meta CEO Mark Zuckerberg announces massive AI spending will continue through 2026 with expenses exceeding 2025 levels, raising total expense forecast to $114-118 billion and investing $14.3 billion in AI startup Scale AI, sending shares soaring 12% after strong quarterly earnings beat expectations.
Breaking news: U.S. GDP soars 3% in Q2 2025, exceeding projections, as Trump's tariffs slash imports by 30.3% while consumer spending climbs 1.4%; Trump pressures Fed for rate cuts, citing 'No Inflation!'
AI startup Anthropic seeks $3-$5 billion funding led by Iconiq Capital, aiming for a staggering $170 billion valuation, as it continues to push boundaries in artificial intelligence development.
Alphabet soars with $96.43 billion revenue in Q2, beating expectations, and boosts investment in its booming Cloud business to $85 billion by 2025 amid surging demand.
IBM reports Q2 earnings exceeding estimates and raises full-year free cash flow outlook, but software revenue misses expectations and gross margin narrows, causing shares to dip as much as 6% in extended trading despite outperforming the S&P 500 significantly this year.