SoftBank Sells Nvidia Stake to Power $30 Billion OpenAI Commitment
SoftBank has sold its $5.8 billion stake in Nvidia as it raises capital for an aggressive $30 billion investment in OpenAI. The decision comes...
US Commerce Dept. Poised for New Tariffs on 700 Steel-Based Goods
The US Department of Commerce is poised to approve new tariffs on 700 steel-based goods, from bicycles to baking pans, following a flood of...
Google’s 1.2 Trillion Parameter AI Crushes ‘Bake-Off’ to Win Siri Deal
Google's AI division has scored a massive $1 billion-a-year victory after its 1.2 trillion parameter Gemini model crushed the competition in an extensive "bake-off"...
Musk’s Path to $2T Fortune Runs Through Norway, and They Voted “No”
Elon Musk's path to a $2 trillion fortune has hit a roadblock in Norway. The country's sovereign wealth fund, a $17 billion Tesla investor,...
Sanctions Work: China’s “Teapots” and Giants Alike Ditch Russian Crude
New Western sanctions are proving effective, as both China's "teapot" refiners and its state-owned giants are ditching Russian crude. The fear of being blacklisted...
AWS Revenue Hits $33bn, Unscathed by Widespread Service Outage
Amazon Web Services (AWS) remains a dominant force, with its revenue climbing 20% year-over-year to $33bn. This growth, the fastest since 2022, came in...