Intel has confirmed receiving a $5.7 billion investment from the U.S. government, announced by CFO David Zinsner during an investor conference on Thursday. The funding, tied to the White House’s recent decision to take a 10% equity stake in the struggling chipmaker, comes as Intel explores additional outside investment opportunities for its semiconductor foundry division. […]
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 […]
Analysts at Citibank expect Brent crude prices to drift toward the low $60 per barrel range before the year closes, pointing to signs of a cooling market. As of Wednesday afternoon, Brent futures traded at $66.53 per barrel, down 36 cents, while U.S. West Texas Intermediate (WTI) slipped 38 cents to $63.97.The bank noted that […]
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 […]
Microsoft’s Outlook email service experienced a major disruption this week, with users across the globe facing hours of downtime on Wednesday and Thursday. The issue began around 6:20 p.m. ET on Wednesday, affecting Outlook.com as well as its mobile and desktop applications. Users flooded social media with complaints, sharing error messages and screenshots showing “something […]
Nvidia issued a strong warning on Thursday about the use of unauthorized AI chips in underground data centers, calling the practice both technically flawed and economically unsustainable. The statement followed a recent investigative report alleging that over $1 billion worth of Nvidia’s high-performance chips have been illicitly funneled into China. “Building data centers using smuggled […]
Oil prices climbed on Thursday, snapping a five-day losing streak, as strong consumption in the United States—the world’s largest oil consumer—helped offset concerns over potential supply disruptions. Hopes for progress in U.S.-Russia talks over the Ukraine conflict also tempered fears of additional sanctions tightening global supplies. By early Asian trading, Brent crude rose 20 cents, […]
Gold prices bounced back from earlier lows, stabilizing as U.S. inflation data showed steady upward pressure on consumer costs. According to the Bureau of Labor Statistics, the Consumer Price Index (CPI) climbed 0.2% in July, following June’s 0.3% rise—right in line with forecasts. Over the past year, headline inflation increased 2.7%, just under the expected […]
For decades, sci-fi series like Star Trek and novels such as The Hitchhiker’s Guide to the Galaxy envisioned universal translators — futuristic devices that could instantly convert one language into another. What once belonged to the realm of fiction is now becoming a reality. During its latest iPhone event, Apple showcased a dream scenario for […]
Oura announced Tuesday that it has secured over $900 million in a Series E funding round, pushing the Finnish wearable tech company’s valuation to an impressive $11 billion. The round was led by Fidelity Management & Research Company, with new investor ICONIQ joining alongside existing backers Whale Rock and Atreides. “With this funding, we’re accelerating […]