SoftBank Cuts Ties with Nvidia to Expand $30 Billion OpenAI Bet
SoftBank has sold its Nvidia shares for $5.8 billion to fund its next major move in artificial intelligence through OpenAI. The sale signals a...
US “Steel Derivative” List Expansion Alarms European Allies
European industry leaders are expressing profound concern over the US Commerce Department's "expansionist" approach to trade tariffs. A new list of 700 products, from...
Apple vs. Google: A $1B AI ‘Frenemy’ Deal to Save Siri
In a classic "frenemy" move, Apple is nearing a $1 billion-per-year deal to license AI technology from its biggest rival, Google. This partnership will...
Musk vs. Norway: The $1 Trillion Feud Over Pay and “Friends”
A high-stakes feud between Elon Musk and Norway's sovereign wealth fund has been reignited, with the fund declaring its opposition to Musk's new $1...
China’s Refiners in a Bind: Risk Sanctions or Ditch Discounted Russian Crude?
Chinese oil refiners are caught in a difficult bind, forced to choose between risking devastating Western sanctions and abandoning the heavily discounted Russian crude...
Amazon Beats Estimates on All Fronts, Led by 20% AWS Revenue Jump
Amazon's third-quarter report was a decisive victory for the tech giant, which beat analyst expectations on all major metrics. The company reported $1.95 earnings...