Aug. 22 (UPI) — Elon Musk tried to convince Meta CEO Mark Zuckerberg to get behind a joint purchase bid for OpenAI earlier this year, according to court documents. The news comes as OpenAI seeks communications between the billionaires as part of the San Francisco-based tech firm’s ongoing court battle with Musk. OpenAI has filed…
BANGKOK (AP) — China released new interim measures Friday tightening controls on mining and processing of rare earths that are used in many high-tech products including electric vehicles, smartphones and fighter jets. The rules released Friday by the Ministry of Industry and Information Technology apply both to rare earths originating in China and those that…
BANGKOK — Nvidia CEO Jensen Huang said Friday that the company is discussing a potential new computer chip designed for China with the Trump administration. Huang was asked about a possible “B30A” semiconductor for artificial intelligence data centers for China while on a visit to Taiwan, where he was meeting Nvidia’s key manufacturing partner, Taiwan…
Bill Gates and Jeff Bezos (Microsoft and Amazon) are among the ivnestors who’ve supplied over $405 million to help a CA-based startup build and incorporate AI-powered brains, which will be utilized in robot tech. The brains will allow greater use for actual…robots According to Geekwire, FieldAI is developing the software brain, which will…
The S & P 500 as a whole is telling a bullish story taking place on Wall Street this year. Strip out the megacap technology names, and it tells a much different one. Investors have piled into the tech giants — including Nvidia, Microsoft, and Meta Platforms — this year as they mount bets on…
Elon Musk and his social media company X Corp. have reached a tentative agreement to settle a lawsuit filed by former Twitter employees who said they were owed $500 million in severance pay. Attorneys for X Corp. and the former Twitter employees reported the deal in a Wednesday court filing, in which both sides asked…
Newly published details of the recent EU-US trade deal show the bloc cleaving closer to Washington on technology, security and commerce, potentially driving a new wedge into Europe’s relationship with China. A joint statement released on Thursday confirmed that the European Union will accept tariffs of 15 per cent on 70 per cent of its…
Walmart reported better than expected quarterly revenue as inflation-battered shoppers flocked to its stores — but the retail giant’s shares were poised to drop as costs from Trump’s tariffs cut into profits. The world’s biggest retailer posted quarterly revenue of $177.4 billion — a hefty 4.8% jump that sailed past Wall Street’s $175.9 billion target….
WASHINGTON — Just three weeks ago, Federal Reserve Chair Jerome Powell spoke to reporters after the central bank had kept its key interest rate unchanged for a fifth straight meeting and said the job market was “solid.” His assessment was important because if the job market is healthy, there is less need for the Fed…
Key Points The U.S. stock market faces two serious problems: tariffs imposed by the Trump administration and a historically high valuation. Recent economic data suggests President Trump’s tariffs have led to weakness in the labor market and higher producer prices. The S&P 500 currently trades at 22.5 times forward earnings, a valuation that has always…