The AI Trade

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.com/news/articles/2026-07-29/microso…) (Bloomberg)

• Meta Falls After Defending AI Bets to Skeptical Investors (bloomberg.com/news/articles/2026-07-29/meta-gi…) (Bloomberg)

• AI investor Leopold Aschenbrenner forced to unwind all public stock positions after steep losses, sources say (cnbc.com/2026/07/30/leopold-aschenbrenners-hed…) (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.com/news/articles/2026-07-29/chatgpt…) (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.com/news/articles/2026-07-29/higher-…) (Bloomberg)

Subscribe to the ad-free feed. (tech.supercast.com)