CNBC’s Jim Cramer warns that Wall Street is facing pressure from both the government shutdown and what he calls the AI “blob.” The Nasdaq sank 1.9% Thursday, heading for its worst week since early April. Investors are worried about economic data gaps and uncontrolled AI infrastructure spending.
OpenAI’s CFO suggested government-backed loans for their massive AI infrastructure buildout, then quickly walked it back. Now Sam Altman is clarifying they don’t want taxpayer guarantees despite facing $1.4 trillion in commitments.
Snap Inc. is getting $400 million from Perplexity AI to power search inside Snapchat. The integration will bring AI-driven answers directly into chat conversations starting early 2026, potentially keeping 940 million monthly users from leaving the app for traditional search.
Venture capitalist David Sacks, serving as Trump’s AI czar, declared there will be no federal bailouts for AI companies. His comments came after OpenAI CFO Sarah Friar discussed potential government “backstops” for infrastructure investments. The exchange highlights ongoing debates about government’
Tinder is developing an AI-powered feature called Chemistry that analyzes your camera roll and personality to find better matches. The feature is part of a broader app overhaul that includes faster performance and new safety features. Match Group reported $914 million in revenue for Q3 2025.
Microsoft’s new AI chief promises superintelligent AI that won’t be “unbounded and unlimited.” The announcement comes as Microsoft gains new rights to independently pursue AGI development.
Duolingo shares plummeted over 25% after forecasting bookings of $329.5M-$335.5M, missing estimates. Meanwhile, OpenAI’s CFO and CEO suggest government may need to backstop AI financing as adoption remains low.
Snap has signed a $400 million agreement with Perplexity to integrate its AI search technology into Snapchat. The new search feature will get prominent placement starting next year, while Snap’s existing My AI chatbot remains available. This comes just after Apple’s reported Gemini deal for Siri.
Utilities are racing to deploy AI technologies as electricity demand surges from data centers, EVs, and electrified industries. Companies like Duke Energy and National Grid are investing in satellite monitoring, smart charging, and real-time grid management to prevent outages and boost capacity. The
AMD is negotiating with several customers for AI chip partnerships on the scale of its OpenAI deal, which could generate $100 billion in revenue. The company plans to launch its next-gen Instinct MI450 series in the second half of 2025 as it competes more directly with NVIDIA.
