Latest Business News & Market Updates

Microsoft, Nvidia, Google, OpenAI & Salesforce Unveil $40B+ AI Investment Wave in the UK

Oliver Bennett
0
0
15
LONDON — The United Kingdom is set to become a global hub for artificial intelligence as Microsoft, Nvidia, Google, OpenAI, Salesforce, and CoreWeave announced over $40 billion in new AI investments. Microsoft alone pledged $30 billion by 2028, with plans to build the nation’s largest supercomputer powered by 23,000+ advanced GPUs in partnership with British […]

Big Tech Soars: Google Antitrust Win, Apple Boost & $10B AI Deals Drive Market Value to $21 Trillion

Elon Musk Skips Trump’s Star-Studded White House Tech CEO Dinner

Oliver Bennett
0
0
14
President Donald Trump is set to host an exclusive gathering of two dozen top tech and business leaders on Thursday evening in the newly renovated White House Rose Garden. Among the high-profile invitees are Meta founder Mark Zuckerberg, Apple CEO Tim Cook, Microsoft co-founder Bill Gates, and OpenAI’s Sam Altman, according to a White House […]

Trump Vows Support for Elon Musk, Denies Plans to Cut Billions in Federal Subsidies

Super Micro Plans Major Expansion in Europe to Meet Soaring AI Server Demand

Oliver Bennett
0
0
14
Super Micro is set to boost its presence in Europe by expanding the manufacturing of its AI server infrastructure, according to CEO Charles Liang. The company, known for building high-performance servers powered by Nvidia chips, currently operates facilities in the Netherlands but is now looking to grow further across the region. “Demand in Europe is […]

Microsoft Cuts 9,000 Jobs in Major Restructuring Push to Stay Agile

Spotify Tumbles 11% as Growth Misses Expectations Despite User Surge

Oliver Bennett
0
0
14
Spotify’s stock took a sharp 11% dive on Tuesday — marking its worst trading day since July 2023 — after the music-streaming giant missed analysts’ revenue forecasts and offered weaker-than-expected guidance for the upcoming quarter. The company posted a Q2 loss of €86 million, or €0.42 per share, falling short of market expectations which anticipated […]

Trump Meets Nvidia CEO After $4 Trillion Milestone Amid AI Chip Export Tensions

Trump Signals Openness to Nvidia Selling a ‘Weakened’ Blackwell AI Chip to China

Oliver Bennett
0
0
14
U.S. President Donald Trump has suggested he may allow Nvidia to sell a reduced-performance version of its cutting-edge Blackwell AI chip to China. Speaking at a press briefing on Monday, Trump hinted at a possible deal if Nvidia could limit the chip’s capabilities by around 30% to 50%. He also mentioned an upcoming meeting with […]

Nvidia CEO Eyes Return to Advanced Chip Sales in China as Export Curbs Ease

Huawei Unveils $2,500 Mate XTs Trifold Smartphone as It Pushes for Global Comeback

Oliver Bennett
0
0
14
Huawei has officially launched the second generation of its trifold smartphone, the Mate XTs, as part of its push to solidify dominance in China and expand its footprint overseas. The Mate XTs, priced from 17,999 yuan ($2,520) to 21,999 yuan, features two hinges that allow the device to fold at multiple points, transforming it into […]

How Huawei Rose from Telecom Player to China’s AI Powerhouse

Nvidia Unveils $3,499 ‘Robot Brain’ Chip to Power the Future of Robotics

Oliver Bennett
0
0
14
Nvidia has officially launched its newest robotics chip module, the Jetson AGX Thor, priced at $3,499 for the developer kit. Marketed as a “robot brain,” the kit will begin shipping next month and is designed to help developers create advanced robots. Once prototypes are ready, companies can purchase Thor T5000 modules for large-scale production, with […]

Nvidia CEO Eyes Return to Advanced Chip Sales in China as Export Curbs Ease

Big Tech Soars: Google Antitrust Win, Apple Boost & $10B AI Deals Drive Market Value to $21 Trillion

Oliver Bennett
0
0
14
It’s been a blockbuster week for tech investors, with courtroom rulings and boardroom deals fueling massive gains across the industry’s biggest players. A favorable antitrust ruling for Google sent shares of Alphabet and Apple soaring, while Broadcom rallied on news of a $10 billion AI chip contract. Meanwhile, Tesla rebounded as investors weighed in on […]

Bitcoin Soars as Trump Greenlights Crypto Access in 401(k) Retirement Plans

AMD Surges 8% as IBM Taps Its Chips for Breakthrough in Quantum Computing Error Correction

Oliver Bennett
0
0
14
Advanced Micro Devices (AMD) shares surged nearly 8% on Friday after reports revealed that IBM successfully used AMD’s chips to run a quantum computing error correction algorithm — a major step forward in the development of scalable quantum systems. IBM’s stock also jumped around 8%, marking its best single-day performance since January, as excitement around […]

AMD Set to Resume AI Chip Exports to China as U.S. Reopens Licensing Path

Tesla’s New Lawsuit Barrier Sparks Backlash from New York State Officials

Oliver Bennett
0
0
14
In May, Tesla revised its corporate bylaws, introducing a new rule that requires shareholders to hold at least 3% of the company’s stock—currently valued at around $30 billion—to file a derivative lawsuit for alleged breaches of fiduciary duty. This move has drawn strong opposition from officials in New York State, who are now formally urging […]

Trump Meets Nvidia CEO After $4 Trillion Milestone Amid AI Chip Export Tensions