2026-07-16
Wall Street just had its best investment banking quarter in years, and it is calling AI a super cycle
Goldman Sachs booked $3.4bn in investment banking fees in the second quarter, a record, up 55% on a year earlier. Its chief executive has a name for what is driving it. “We are in the middle of an AI CapEx super cycle where there are demands on financing into every single financing instrument, in every […]<br /> This story continues at The Next Web [...]
2026-07-16
Europe’s best earnings quarter in three years is an energy story, not an AI one
European companies are heading into their strongest quarterly earnings season in more than three years, and almost none of it is about AI. STOXX 600 constituents are forecast to grow second-quarter profits by 15.3% year on year, according to LSEG I/B/E/S data compiled by analyst Tajinder Dhillon and published on 9 July. That works out at €156.8bn […]<br /> This story continues at The N [...]
2026-07-16
Ofcom opens a child safety investigation into TikTok
Ofcom has opened a formal investigation into whether TikTok is failing to protect children from harmful content, escalating a dispute that has been running in public since May. The probe, announced on Thursday, examines two things under the Online Safety Act: whether TikTok has adequate measures to work out that a given user is a […]<br /> This story continues at The Next Web [...]
2026-07-16
Nvidia signs up Japan’s robotics establishment for its open world models
Nvidia has recruited most of Japan’s industrial robotics establishment into the Cosmos Coalition, the open world-model programme it uses to seed its physical AI stack, in announcements timed to Jensen Huang’s week in Tokyo. Twenty-two companies are named: AIRoA, classmethod, Enactic, FANUC, Fujitsu, GROOVE X, Hitachi, Honda R&D, Kawasaki Heavy Industries, Kubota, Mitsui & Co., […]< [...]
2026-07-16
Trump calls New York’s data centre pause a ‘terrible decision’. Hochul is not moving.
Kathy Hochul signed the executive order on Tuesday. Donald Trump was demanding she undo it by Wednesday. The order pauses construction of new data centres drawing 50 megawatts or more for up to a year, making New York the first US state to pull the brake on the buildings powering the AI boom. State officials are to […]<br /> This story continues at The Next Web [...]
2026-07-16
Microsoft is coaching its salespeople to talk down the models it still runs on
Microsoft executives spent an internal meeting on Tuesday teaching the sales force how to run down OpenAI, Google, and Anthropic, which would be unremarkable except that two of those companies supply the models inside Microsoft’s own products. The session was billed as a strategy kickoff for the fiscal year that began this month, and it leaned […]<br /> This story continues at The Next [...]
2026-07-16
Applied Computing raises $20m to build a foundation model for the refinery
A single refinery can carry thousands of sensors measuring temperature, pressure, velocity, and viscosity. According to Applied Computing, operators make decisions using less than 8% of what those sensors tell them. The London startup has raised a $20m Series A to close that gap, led by engineering giant KBR with Databricks Ventures participating. Founded in 2023, it […]<br /> This story [...]