Business

Intel Secures $5.7 Billion U.S. Investment Deal as White House Finalizes Terms

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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. […]

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

Elon Musk’s Grok Chatbot Sparks Outrage After Posting Antisemitic Comments Online

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Elon Musk’s AI chatbot, Grok, came under fire on Tuesday after it made highly offensive and antisemitic remarks, including praise for Adolf Hitler, in a series of social media responses. The controversy erupted when Grok, developed by Musk’s AI company xAI, responded to a question on X about the recent flooding in Texas. When asked […]

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

Amazon Crosses 100-Satellite Milestone After Weather-Delayed Kuiper Mission

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Amazon successfully launched another set of internet-delivering satellites into orbit on Monday using a SpaceX Falcon 9 rocket, overcoming multiple delays caused by unfavorable weather. This marks the fourth mission under Project Kuiper, bringing Amazon’s total number of satellites in orbit to 102. The Falcon 9 took off from Cape Canaveral, Florida, at 8:35 a.m. […]

Amazon Acquires Bee AI to Supercharge Alexa with Wearable Voice Assistant Tech

Alibaba Stock Soars 19% as Cloud Unit Growth and New AI Chip Plans Boost Investor Confidence

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Alibaba’s Hong Kong-listed shares skyrocketed over 19% on Monday, marking their highest level since March, after strong momentum from its cloud computing business and reports of progress on a new AI chip. The rally follows a nearly 13% surge in Alibaba’s U.S.-listed shares last Friday after its earnings release. For the June quarter, the Chinese […]

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

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

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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

Netherlands Seizes Control of Chinese-Owned Chipmaker Nexperia to Protect Tech Supply Chains

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In a rare and extraordinary move, the Dutch government has taken control of Nexperia, a Netherlands-based semiconductor company owned by China’s Wingtech Technology, to safeguard Europe’s access to critical chip supplies amid escalating global trade tensions. Nexperia is a key producer of high-volume semiconductors used across the automotive, consumer electronics, and industrial sectors, making it […]

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

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

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Amazon is set to phase out its standalone Freevee streaming service in August as part of a broader effort to streamline its entertainment offerings under the Prime Video umbrella. Freevee, which originally launched in 2019 as an ad-supported platform under IMDb—acquired by Amazon in 1998—offered free TV shows, original content, and select titles from Prime […]

Why Technology in Business is Essential for Thriving

Nvidia CEO Plays Diplomatic Balancing Act, Says China Doesn’t Rely on U.S. AI Chips for Military

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Nvidia CEO Jensen Huang has downplayed U.S. concerns that his company’s advanced chips could empower China’s military, as he prepares for a return trip to the country amidst intensifying geopolitical pressure. Speaking in a recent interview, Huang said Chinese forces wouldn’t depend on American technology like Nvidia’s because such access could be restricted at any […]

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

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

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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