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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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