The world’s largest hedge fund, Bridgewater Associates, sold all of its holdings in US-listed Chinese companies in the second quarter, marking a decisive retreat from the market as geopolitical tensions and shifting investor sentiment clouded the outlook for the world’s second-largest economy. The fund exited positions in 16 Chinese stocks, which were worth US$1.41 billion…
Good morning. In honor of Perplexity’s unsolicited $34.5 billion bid to acquire Google’s Chrome web browser amid U.S. antitrust scrutiny—a figure well beyond the San Francisco AI startup’s $18 billion valuation!—five things I’d like to place an unsolicited bid on with someone else’s money: But please, Marc—keep the disco ball. Today’s tech news below. —Andrew…
The tech giant’s board-approved strategies reveal how legal corporate behavior can undermine national security. Observer Labs America’s geopolitical future increasingly hinges on private technology, and corporations wield influence once reserved for nation-states. Few cases better illustrate the risks of outdated governance standards than Intel—once a national champion, now at the center of a high-stakes global…
Good morning. Did you know that ChatGPT will now remind you to take a break if you’re in a particularly long conversation with the chatbot? OpenAI says its goal “isn’t to hold your attention, but to help you use it well.” That makes all the sense in the world for a business model that involves…
Shares of online advertising giant Alphabet (NASDAQ:GOOGL) jumped 2.6% in the morning session after several Wall Street analysts boosted their price targets on the company, citing optimism around artificial intelligence and a favorable economic outlook. Morgan Stanley increased its price target on the shares to $205 from $185, pointing to potential revenue acceleration driven by…
Topline Anticipated earnings reports from the world’s largest stocks boosted the S&P 500 and Nasdaq to new all-time highs Monday, marking the latest records for both indexes in recent weeks, though one analyst warned investor optimism might be short-lived as others say AI firms could propel the rally even more. One analyst warned of “intense…
A startup created by Google parent company Alphabet (NASDAQ:GOOG, GOOGL)) is stepping into the broadband spotlight as it goes after a share of the federal government’s $42.5 billion Broadband Equity Access and Deployment program. The company, Taara, says in a blog post that its wireless Lightbridge technology can beam high-speed internet over the air, offering…
Nvidia Chief Executive Officer Jensen Huang is meeting with US President Donald Trump at the White House on Thursday, days before a planned trip to China by the head of the world’s most valuable chipmaker, according to people familiar with the matter. Details of what the two men would discuss were not immediately available, and…
WASHINGTON (AP) — President Donald Trump said Friday that he’s suspending trade talks with Canada over its plans to continue with its tax on technology firms, which he called “a direct and blatant attack on our country.” Trump, in a post on his social media network, said Canada had just informed the U.S. that it…
LONDON – Britain’s competition regulator has finally come up with a plan to control Google’s huge search business, but a shift in the political wind in favor of big tech and the money it invests makes it more of a bark than a bite. The Competition and Markets Authority spent years setting up a regime…