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“We, as an industry, have to wake up to this,” Microsoft CEO Satya Nadella told Semafor about the AI race. “It’s not about the shiny object and FOMO.” The Satya Nadella I interviewed last week for Future Proof at Microsoft’s headquarters in Redmond, Wash., was a very different version of the CEO I saw there in 2023, wh
Historian Liaquat Ahamed compared the AI boom to the railroad expansion before the Panic of 1873, warning that competition, overbuilding and debt could undermine returns. He said the boom could continue for another year or two and cited opaque AI borrowing and CoreWeave bonds yielding around 16% this week.
Social Capital founder and venture capitalist Chamath Palihapitiya on Sunday backed Microsoft Corp. (NASDAQ: MSFT ) CEO Satya Nadella's warning that companies relying on closed artificial-intelligence models may effectively "pay for intelligence twice" by spending money while also exposing valuable institutional know-h
Senators from across the aisle have reportedly sent a letter to Apple Inc. (NASDAQ: AAPL ) CEO Tim Cook, urging the company to refrain from using memory chips from ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies Corp (YMTC) in its devices, even if the products are meant solely for the Chinese market
The Nasdaq-100 is on track to deliver its strongest daily gain in more than a year. The index tracked by the Invesco QQQ Trust, Series 1 (NASDAQ: QQQ ) surged 3.5% in afternoon trading, on pace for its best session since May 2025, when the Trump administration’s 90-day tariff pause with China unleashed a relief rally a