The AI Race: Tech Giants and Their Innovations

David Faber and Jim Cramer discussed several developments involving AI: Apple is reportedly considering using that technology from Anthropic or OpenAI to power Siri. 

Elon Musk's xAI raises $10 billion in its efforts to compete with the likes of OpenAI. The anchors reacted to what Amazon CEO Andy Jassy told Jim Monday night on "Mad Money" 

about AI being "transformative." Tesla shares down sharply on the resumption of the feud between Musk and President Trump surrounding "One Big Beautiful Bill." 

Also in focus: Fed Chair Powell remarks on tariffs and rate cuts at an ECB forum in Portugal, the big rise and steep fall of AMC Entertainment shares, second half playbook for the markets.

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