Tesla Stumbles as Q2 Earnings Plunge Amid Fierce EV Competition
Tesla faces mounting challenges as Q2 2025 earnings plunge 23% and operating income drops 42% amid fierce EV competition, with cash reserves depleting for the first time in years.
Finance
Anthropic CEO Seeks Gulf State Investments Despite 'Dictator' Concerns for AI Funding
Anthropic CEO Dario Amodei discloses plans to pursue investments from Gulf states like UAE and Qatar, acknowledging ethical concerns about enriching 'dictators' but citing the need for massive capital to stay at the forefront of AI development.
AI Companies Face Potential Bust Bigger than Dot-Com Crash
Artificial intelligence companies are facing a potential bust larger than the dot-com crash, as they are more overvalued than dot-coms in the early 2000s, with the AI boom being bigger, raising concerns that their empires may crumble when the world realizes AI does not justify their massive valuations.
Oracle Unveils MCP Server for AI-Driven Data Querying and Reasoning
Oracle unveils MCP server enabling AI agents to autonomously query and reason over enterprise data in Oracle Databases, boosting productivity and data utilization across sectors like pharma, healthcare, and finance.
OpenAI Moves to Monetize ChatGPT with eCommerce Integration
OpenAI announces plans to monetize its AI chatbot ChatGPT by integrating an eCommerce checkout system, allowing sellers to complete transactions within the platform and paying a commission to OpenAI on sales made through ChatGPT.
Generative AI
Finance
Monte Carlo Simulations Reveal Probabilistic Outcomes, Assume Efficient Markets
Monte Carlo simulations generate probabilistic outcomes by assigning random values to variables and averaging results, assuming efficient markets ignoring external factors.
12 Elite VC Firms Capture Over Half of All Venture Capital as Founders Fund Leads with $4.6 Billion
Twelve elite US venture capital firms capture over half of all venture funding in early 2025, with Founders Fund raising a massive $4.6 billion while 44 first-time managers struggle to collectively raise just $1.8 billion amid record 15.3-month fundraising timelines.
AI Automation Cuts Graduate Hiring in Finance, Raises Job Loss Fears
AI automation is slashing graduate hiring in accounting and finance as major firms like AIB deploy AI tools for routine tasks, raising fears from trade unions about potential job losses with around 30% of workers in roles vulnerable to AI replacement according to a government study.
EU and US Engage in Tariff Standoff, Escalating Trade Tensions
Escalating trade tensions as the European Union extends suspension of tariffs on US goods until August, while US President Trump announces 30% tariffs on EU imports starting August 1, prompting the EU to warn of further countermeasures.
Musk's xAI Unveils Grok 4, Frontier AI Model with Premium Access
Elon Musk's AI company xAI launches Grok 4, its latest flagship AI model boasting frontier performance, alongside a $300 monthly SuperGrok Heavy subscription for early premium access.