AI Spending

A new Ramp analysis of more than 21,500 U.S. companies suggests the firms spending the most on AI are also expanding their workforces. The findings challenge the idea that generative AI is already driving broad job losses, though the researchers say the results show correlation rather than causation.

SpaceX has lost more than $600 billion in market value over three sessions after unveiling its first bond sale tied to AI expansion and xAI. Bitcoin, meanwhile, held close to $63,600 with only a modest decline, highlighting a split between AI-driven risk sentiment and crypto resilience.

The market’s biggest tech names and bitcoin are losing steam as investors reassess the return on massive AI spending. Capital is shifting toward semiconductors, memory stocks and other AI infrastructure plays.