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While tech giants have planned massive investments in artificial intelligence ($1.4 trillion by 2027), profitability has been slow to materialize and even threatens to turn into a fiasco.

To keep these costs well hidden from public view and avoid revealing the full extent of the situation, Moscow is concealing part of this spending under other budget line items.

Due to the protracted war with Iran, U.S. stocks of Patriot and THAAD missiles are rapidly dwindling. The Pentagon is therefore pinning its hopes on Silicon Valley defense startups, as traditional suppliers such as Lockheed Martin and Raytheon are unable to ramp up production.

In the span of six weeks, Elon Musk has lost nearly half his fortune. According to the Bloomberg Billionaires Index, his net worth fell from a peak of about $1,330 billion in mid-June to about $684 billion by the end of July. Despite this setback, he remains by far the richest person in the world. In fact, his fortune is still greater than that of the second- and third-richest people combined.

It was supposed to be a dream week for Leopold Aschenbrenner (24), the young Wall Street prodigy who, thanks to his AI fund “Situational Awareness,” had posted a staggering 439% return in six months. Instead of celebrating, however, this week turned into a financial bloodbath: his fund reportedly lost tens of billions and was forced to sell nearly all of its positions in publicly traded stocks.

No more digital subscriptions for some young French people who, according to a survey, are facing too many monthly expenses.

Although a major deal has just been struck with the French film industry, that hasn’t stopped the head of Canal+ from following through on his threat: he will cut off funding to anyone in the industry who damages the group’s image.

According to Amid Faljaoui, a business columnist for the Belgian media outlet RTBF, many investors own SpaceX shares without even choosing to do so or being aware of it.

FIFA President Gianni Infantino has launched a controversial project aimed at creating a new company to handle the commercial management of the World Cups—men’s, women’s, and club. This project, dubbed “FIFA Forward Enterprise,” is expected to be worth $20 billion and is attracting private investors, including Thrive Eternal, led by Joshua Kushner, the brother of Jared Kushner, U.S. President Donald Trump’s son-in-law.