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OpenAI hires new CRO as executive shake‑up continues
OpenAI replaces chief revenue officer Denise Dresser with Wiz president Dali Rajic, part of a broader leadership reshuffle ahead of a potential IPO.
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Pandora CEO says new jewellery collections drive growth
Pandora’s new jewellery lines are boosting sales, according to CEO Berta de Pablos‑Barbier, amid a weak U.S. consumer sentiment.
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Shein eyes Hong Kong market debut on August 28, source says
Fast‑fashion retailer Shein plans to list on the Hong Kong Stock Exchange on August 28, after earlier attempts to go public in New York and London.
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Nvidia, Wall Street asset managers partner on $500B AI push
CNBC reports a partnership between Nvidia and leading asset managers to invest $500 billion in AI infrastructure and talent.
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Embattled hedge fund Situational Awareness invests $400M in chip startup Source Foundry
The AI‑focused hedge fund has poured $400 million into Source Foundry, a Stanford‑originated chip startup, bringing its total investment to $500 million amid a broader push to accelerate semiconductor manufacturing.
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Europe's established tech firms emerge as unexpected AI winners
A Reuters analysis finds that European incumbents such as SAP, Capgemini, and OVHcloud are gaining traction in AI deployment, outperforming newer startups in enterprise adoption.
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NJ files antitrust suit against Amazon on delivery contractor control
New Jersey sued Amazon, accusing it of wielding monopsony power over third‑party delivery contractors, alleging wage suppression and anti‑competitive practices in its delivery network.
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Tesla is suing this Canadian province for cutting it out of its EV incentives
Tesla has filed a lawsuit against Manitoba after the province removed the automaker from its electric‑vehicle rebate program.
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Bending Spoons to buy Airtable for $1.28B
Italian mobile app maker Bending Spoons announced a $1.28 billion cash acquisition of spreadsheet and database startup Airtable, marking its first deal since going public.
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Wall Street is about to get SpaceX’s first-ever earnings report
SpaceX reports its first quarterly earnings as a public company, detailing revenue from Starlink, AI spending and rocket launches.
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SpaceX to Post Second Quarter 2026 Results and Host Webcast on August 4, 2026
SpaceX will announce its Q2 2026 earnings, with a focus on AI services and data‑center investments, amid a steep post‑IPO decline.
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Amazon Shuts Its AGI Lab and Cuts Jobs to Chase Enterprise AI Instead
Amazon closed its San Francisco AGI lab and redirected resources toward enterprise AI deployment, signaling a shift from frontier model research to customer‑centric solutions.
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Microsoft’s best day in markets since 2008 shows the AI trade isn’t dead, just pickier
Microsoft’s stock surged after signals that its AI spending is translating into profits, driving a powerful rebound on Wall Street.
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Microsoft reports fourth‑quarter earnings, Azure revenue tops $100B
Microsoft’s Q4 2026 earnings showed a 31% increase in revenue, driven by Azure surpassing $100 billion in annual revenue and strong growth in AI‑powered services.
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OmniPhi Launches Agentic Trading Platform to Give Retail Traders Institutional‑Grade Capabilities
Fintech startup OmniPhi announced a beta launch of its agentic trading platform, integrating AI agents into trading workflows for equities, crypto, FX and commodities.
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Tesla buys the entire output of a new 140 MW Texas solar farm
Tesla has signed a long‑term power purchase agreement to purchase all of the output from a new 140‑MW solar farm in northeast Texas.
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PayPal leaves the door open to a higher takeover offer following earnings beat
PayPal’s Q2 2026 earnings beat expectations and the company signaled it remains open to a higher valuation offer, while pushing an AI‑focused turnaround and cloud modernization.
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Apple sued after alleged App Store crypto scam cost users $1.8M
A lawsuit accuses Apple of negligence after a fraudulent crypto wallet app on the App Store caused users to lose over $1.8 million.
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Kalshi demands Netflix take down trailer for ‘Prediction Games’ documentary
Prediction‑market platform Kalshi sent a cease‑and‑desist to Netflix over a trailer it says contains defamatory and fabricated content about betting on the platform.
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Tesla (TSLA) Q2 2026 earnings report
Tesla reports record revenue but weak earnings, with a sharp decline in operating margin and negative free cash flow.