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Magnificent Seven tech stocks had a big week after reporting quarterly earnings

Also in this newsletter: Pelosi presses Biden, green transition slowing, India as a superpower

Alibaba reports artificial intelligence servers running at full capacity, while ByteDance buys limited-power Nvidia chips in bulk

How long can Wall Street’s AI-fueled rally continue without clear evidence of profit?

Latest actions target some of the core practices that have helped the biggest companies consolidate their power

The industry is turning to packaging of AI technologies rather than focusing on model training

Unlike traditional computers, blockchains ensure that any code they run will continue to operate as designed

Amazon, Meta, Microsoft and Alphabet forecast massive capital expenditure despite investor concerns about returns and DeepSeek

Four months ago, the FT’s Rob Armstrong and Elaine Moore placed their bets on two po…