Latest Business News & Market Updates

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

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Advanced Micro Devices (AMD) announced on Tuesday that it will soon restart shipments of its MI308 artificial intelligence chips to China, sending its stock up more than 6% following the announcement. The company stated that the U.S. Department of Commerce has begun reviewing license applications again, allowing AMD to move forward with exports once approval […]

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

SoftBank’s Masayoshi Son Bets Big on AI, Aiming to Shape the Future of Technology

Oliver Bennett
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Masayoshi Son is placing what may be the most ambitious wager of his career — transforming SoftBank into a global leader at the heart of the artificial intelligence revolution. Son predicts that artificial superintelligence (ASI) — technology 10,000 times more intelligent than humans — could arrive within the next decade. Known for high-stakes moves, such […]

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

Norway’s $2 Trillion Wealth Fund Turns Against Elon Musk’s $1 Trillion Tesla Pay Deal

Oliver Bennett
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Norway’s $2 trillion sovereign wealth fund, the world’s largest, has announced that it will vote against Elon Musk’s record-breaking $1 trillion compensation package at Tesla’s upcoming shareholder meeting, challenging the company’s leadership and Musk’s influence. The fund, officially managed by Norges Bank Investment Management (NBIM) and a major Tesla shareholder, revealed on Tuesday that it […]

Tesla Fights $243M Autopilot Crash Verdict, Seeks Dismissal or New Trial

Google Commits $15 Billion to Build India’s Largest AI & Data Center Hub Outside the U.S.

Oliver Bennett
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Google will pour $15 billion into developing a massive artificial intelligence and data center hub in southern India, marking the company’s largest such investment outside the United States, according to Google Cloud CEO Thomas Kurian. The mega-project, set to unfold over the next five years, underscores India’s growing importance in the global cloud and AI […]

TeraWulf Soars Over 10% as Google Expands Stake in Bitcoin Miner and AI Datacenter Project

Perplexity Unveils ‘Comet’ — A Smart AI Web Browser for Premium Users

Oliver Bennett
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Perplexity AI has introduced Comet, a cutting-edge web browser powered by artificial intelligence, marking the company’s bold entry into the competitive internet services space alongside tech giants like Google and Microsoft. Launched on Wednesday, Comet allows users to engage with enterprise tools such as Slack and pose complex queries using voice or text. A demo […]

Watsapp Rival?!!! Jack Dorsey Unveils ‘Bitchat’ — A Privacy-First, Offline Messaging App That Needs No Internet

Gold Surges to 5-Week Peak as Dollar Weakens, Trade Uncertainty Sparks Investor Rush

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Gold prices jumped over 1% on Monday, reaching their highest level in five weeks as both the U.S. dollar and Treasury yields declined. The rise comes amid growing uncertainty over a looming August 1 deadline for countries to finalize trade deals with Washington or face new tariffs. Spot gold climbed 1.3%, hitting $3,394.23 per ounce […]

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

Defense Tech Startup Govini Surges Past $100M ARR, Secures $150M Investment to Challenge Palantir

Oliver Bennett
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Govini, a defense technology software startup competing with Palantir, has surpassed $100 million in annual recurring revenue (ARR), marking a major milestone in its rapid growth. “We’ve been scaling at a compound annual growth rate above 100% over the past three years, and we expect to continue on that trajectory,” said CEO Tara Murphy Dougherty. […]

Nvidia Spends $900 Million to Bring Enfabrica CEO on Board and License AI Startup’s Breakthrough Tech

EA to Go Private in Record $55 Billion Deal, Shareholders to Receive $210 Per Share

Oliver Bennett
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Electronic Arts (EA) announced Monday that it will be taken private in a massive $55 billion all-cash acquisition led by Saudi Arabia’s Public Investment Fund (PIF), Silver Lake, and Affinity Partners. Under the agreement, EA shareholders will receive $210 per share in cash, marking one of the largest leveraged buyouts in Wall Street history. The […]

Samsung Warns of 56% Profit Drop as AI Chip Race Leaves Tech Giant Lagging

Watsapp Rival?!!! Jack Dorsey Unveils ‘Bitchat’ — A Privacy-First, Offline Messaging App That Needs No Internet

Oliver Bennett
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Jack Dorsey, the co-founder of Twitter, has developed a new messaging app called Bitchat, a decentralized, peer-to-peer communication tool that operates entirely over Bluetooth mesh networks—no internet, SIM card, phone number, or email needed. Over the weekend, Dorsey personally built and launched the beta version of the app, now available on TestFlight, alongside a full […]

Amazon Merges Freevee Into Prime Video, Ending Standalone App in August

Google Stock Climbs as Apple Explores Gemini AI to Power Siri Upgrade

Oliver Bennett
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Alphabet shares gained momentum on Friday after reports surfaced that Apple is in early talks with Google to integrate its Gemini AI models into a revamped version of Siri. The discussions, according to Bloomberg, suggest that Apple is considering Gemini as the backbone of a smarter Siri expected to launch as early as next year. […]

Trump Ally Slams Tim Cook for Delays in Shifting iPhone Production from China