Alpine town, host of the World Economic Forum since 1971
Meta, Google, Amazon and Microsoft are expanding AI compute capacity. Meta is weighing an external cloud-like offer while maintaining in-house AI development as capital spending surges. Analysts question monetization timelines as compute demand remains strong and public investors fret over cash flow.
SpaceX shares have fallen about 50% from their June peak as insiders gain new selling rights, ahead of several lockup expirations. Analysts expect a Q2 loss around $1.9 billion as the Starship program, Starlink revenue, and a possible Musk-Tesla tie‑up remain in focus.
NATO leaders have met in Ankara after months of U.S. threats to scale back forces in Europe and repeated U.S. demands that allies raise defence spending to 5% of GDP by 2035. Tensions over the U.S.-Israeli war on Iran and U.S. troop reviews have strained transatlantic ties, while European governments are increasing procurement and planning to assume more conventional defence responsibilities.
Microsoft has announced 4,800 job cuts companywide, including 3,200 roles in Xbox during fiscal 2027 and 1,600 Xbox positions eliminated immediately. Xbox will spin out or divest five studios and reduce management layers as it restructures to strengthen margins while shifting resources toward AI and core franchises. The move has reduced Xbox headcount by about 20%.
NATO members pledge higher defence spending while President Trump sharpens demands on Greenland and Spain. Mark Rutte labels the alliance stronger, but others warn of lasting tensions as US pressure tests unity.
Apple has filed a federal lawsuit accusing OpenAI, its hardware arm io Products and two former Apple engineers of misappropriating confidential hardware designs, supplier details and manufacturing techniques to speed OpenAI’s push into consumer devices. Apple has asked the court for injunctions, return of materials and unspecified damages.
Frontier AI models are set for stricter pre-release testing under a proposed US-led, industry-funded standards body modeled on FINRA. The plan envisions 30-day pre-release sharing with the body, a majority-independent board, and ongoing testing to curb cyber, bio and nuclear risks as the AI race intensifies.
A wave of updates across Uber, Waymo, Baidu, and others is redefining autonomous-vehicle deployment in major markets. Partnerships are shifting, apps are expanding beyond rides, and regulators are sharpening standards. The evolving ecosystem is accelerating, with major players preparing for broader rollout in 2028 and beyond.
The White House has placed Gabriel Perez, a teleprompter operator who has worked for the president since 2016, on unpaid administrative leave after Kalshi flagged suspicious bets tied to words in presidential speeches. Kalshi has referred trades to the Commodity Futures Trading Commission and has frozen more than $90,000 in accounts while regulators investigate.
The White House has announced 50% tariffs on a wide range of Canadian goods, to take effect in 30 days under Section 338 of the Tariff Act of 1930. The duties will hit products from wine to cement and hockey sticks, exclude energy and critical minerals, and target goods previously protected by the USMCA; Ottawa has called the move a USMCA violation.
Tesla has reported weak Q2 profits and heavy capital spending on AI, robotaxis and humanoid robots, turning free cash flow negative and sending its shares sharply lower. SpaceX has fallen since its IPO and heavy short interest is piling up. Investors are demanding clearer timelines for robotaxi, Optimus and Tesla–SpaceX collaboration as capital needs rise.
Ruby Rippey has published a Vanity Fair essay detailing an affair with California Gov. Gavin Newsom from 2005-2006, challenging his memoir account and recounting her struggles with alcoholism. The piece arrives as Newsom eyes a potential 2028 presidential bid and amid renewed scrutiny of past relationships that reshaped California politics.