WSJ: AI Worries Have Returned to Wall Street. Now Come Earnings. (Apr. 28, 2026)
Shares of companies tied to OpenAI, including Oracle, CoreWeave, and SoftBank, slid after reports that OpenAI missed revenue and user targets, reviving worries about AI investments, profits, and circular financing.
WSJ: The Clock Is Ticking for Big Tech to Make AI Pay (Apr. 30, 2026)
Microsoft, Amazon, Meta, and Alphabet are pouring record capital into AI, driving $133 billion in Q1 spending and projected $725 billion this year.
WSJ: Can We Handle the Magnificent 10? (Apr. 29, 2026)
Anticipated IPOs from OpenAI, Anthropic, and xAI could add trillions, but risky, often-unprofitable AI finances worry markets.
The Verge: Google and Pentagon reportedly agree on deal for ‘any lawful’ use of AI (Apr. 28, 2026)
Google signed a classified deal letting the US Department of Defense use its AI for any lawful purpose, despite employee protests. The contract bars domestic mass surveillance, prohibits autonomous weapons without human oversight, and gives Google no veto.
WSJ: Why AI Startup Offices in NYC Are Flashy but Mostly Empty (Apr. 28, 2026)
Cash-rich AI startups are leasing large, high-end Manhattan offices, often with many vacant desks, to signal credibility, secure growth room, and enjoy better workspaces.
WSJ: Ex-Twitter CEO’s AI Startup Raises Funds at $2 Billion Valuation (Apr. 28, 2026)
Parag Agrawal’s Parallel Web Systems raised $100 million in a Sequoia-led Series B, valuing it at $2 billion. Its platform enables autonomous AI agents to search the web for enterprise tasks, and it will expand sales, marketing, and research.