DeepSeek Pauses Fundraising After Founder's Remarks Leaked

OpenAI Stops Providing AI Models To Cursor Amid Feud With Elon Musk Authored by Dylan Morgan via The Epoch Times, OpenAI said Friday that it plans to stop providing AI models to Cursor, the coding startup now owned by Elon Musk's SpaceX. This continues a years-long public feud between OpenAI CEO Sam Altman and Elon Musk, who was a cofounder and board member of OpenAI but left in 2018. SpaceX purchased Cursor for $60 billion in June. "We are making this choice because we cannot be confident that SpaceX will use our technology...

Market Leadership Is Narrow, Increasing Summer Risk Authored by Lance Roberts via RealInvestmentAdvice.com, 📈Technical Backdrop – Friday Selloff Tests The Tape The S&P 500 closed Friday at 7,408.50, surrendering Thursday’s historic first close above 7,500 with a 1.24% decline. The semiconductor names that powered the rally became the source of Friday’s selling. Intel fell 5%, Micron 4%, AMD 3%, and Nvidia 4.4%. From a purely technical standpoint, Friday’s reversal was the first real distribution day in three weeks and the mean-reversion signal we have been flagging. The deviation numbers are the story. At 7.0% above the...