Microsoft surged 15% on its fastest cloud growth since 2022, while Meta slid 10% defending its AI spending. Aschenbrenner's hedge fund unwound positions after the AI rout, the EU targeted ChatGPT under the DSA, and airlines let AI set fares.
- Microsoft's Shares Surge on Fastest Cloud Growth Since 2022 (Bloomberg)
- Meta Falls After Defending AI Bets to Skeptical Investors (Bloomberg)
- AI investor Leopold Aschenbrenner forced to unwind all public stock positions after steep losses, sources say (CNBC)
- Source: the European Commission plans to designate OpenAI's ChatGPT and Roblox as "very large online platforms" under the DSA as soon as August (Bloomberg)
- Airlines are using AI to adjust seat prices more quickly, capturing more revenue while narrowing the pricing gaps that once let travelers find bargain fares (Bloomberg)
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