Financial coverage.

A look at Toyota's robotics expansion, including its Walden spinoff and a $6.4B annual plan to deploy 400K factory robots, as it competes with Tesla and China (Financial Times)

Apollo says AI has delivered 'zero financial payoff' outside the tech industry

AI delivers ‘zero financial payoff’ to most companies, Apollo economist says

The iTunes Store is re-emerging as a venue for big pop stars, including Taylor Swift, to hawk collectibles to superfans and bolster their chart positions (Tom Matsuda/Financial Times)

Big Tech is cashing in on AI while the rest of corporate America sees no financial returns

Outside of tech there has been no financial payoff to US companies for using AI, now viewed as a margin-hurting cost center, as VC-backed firms burn more tokens (Torsten Slok/Apollo Global Management)

The Financial Woes of a MAGA Bank Entangle 2 G.O.P. Candidates

OpenAI Makes Stunning Financial Move Ahead of Potential IPO - Yahoo Finance

Sources: Anthropic and London-based PE firm Hg agree to launch a consultancy by the end of 2026 to embed AI consultants and engineers into European businesses (Financial Times)

Cyprus police open investigation into financial affairs of Roman Abramovich

Nvidia breaches new quantum computing milestone, using 90% fewer qubits — and it could now improve drug discovery, financial modeling and more

Sources: OpenAI has cut its valuation target to $1.25T, down from the $1.4T valuation it pitched earlier this month, after facing resistance from some investors (Financial Times)

OpenAI trims valuation target to $1.25tn after pitching higher price - Financial Times

New federal law takes drastic action to protect dating app users from financial scammers

A recent survey also found that one in four Americans reported interacting with a fake profile or AI bot, while 15% reported losing money to an online dating or romance scam.…

Sources: Axel Springer CEO Mathias Döpfner proposed joining a bid for TikTok's European business over lunch with Charles Kushner, the US ambassador to France (Financial Times)

Leading European Financial Services Organizations Embrace Open Models to Build Proprietary Intelligence

'We are the cows of the future' Harari warns AI could take over financial system

Trump tells data center companies to make financial deals with local communities

A look at Elon Musk's planned SpaceX-Tesla merger, which would create a $3.6T company but faces serious hurdles like shareholder votes and regulatory probes (Financial Times)

Memo: Nscale CEO Josh Payne says it has "more than $100B in contracted revenue"; sources say it still plans to list by the end of 2026 at a $30B-$35B valuation (Kieran Smith/Financial Times)

OpenEvidence says nearly two-thirds of ~1M US physicians use its AI search engine; a source says it is on track to generate $400M-$500M in 2026 ad revenue (Rafe Rosner-Uddin/Financial Times)

Netflix executives and industry insiders say co-CEO Ted Sarandos devised its mass-market and international growth strategy, which Bela Bajaria executed (Financial Times)

NextDC's stock fell as much as 44% to A$5.15 after the Australian data center company cut its earnings forecast by over a third; shares were above A$16 in June (Nic Fildes/Financial Times)

OpenAI ‘agents’ disabled their own monitoring systems - Financial Times

An interview with OnlyFans CEO Keily Blair about plans to offer financial services to its 2.5M active creators, a potential IPO, and more (Emma Hinchliffe/Fortune)

Emma Hinchliffe / Fortune : An interview with OnlyFans CEO Keily Blair about plans to offer financial services to its 2.5M active creators, a potential IPO, and more — I've been co…

OpenAI Says Its Models Can Give the Financial Sector a Coding Makeover - Gizmodo

OpenAI Says Its Models Can Give the Financial Sector a Coding Makeover

Sources: Polymarket investors pressured CEO Shayne Coplan to add stricter financial and operational controls; Elon Musk's lawyer, Alex Spiro, joined its board (Bloomberg)

Alibaba, Tencent, and Huawei are pouring billions into data centers in Shaoguan, a hinterland region with cheap power and a cool climate, angering some locals (Financial Times)

AWS CFO joked about the financial toll of AI. An internal recording reveals why