The Trump administration has made quantum computing development a priority. (Bloomberg) — Rigetti Computing Inc (RGTI). and D-Wave Quantum Inc. (QBTS) make products that so far have few real world applications. They’re burning through cash and aren’t expected to generate significant amounts of revenue for years. Despite all that, investors can’t get enough of them….
The U.S. military on Wednesday launched its ninth strike against an alleged drug-carrying vessel, killing three people in the eastern Pacific Ocean, Defense Secretary Pete Hegseth said, expanding the Trump administration’s campaign against drug trafficking in South America. It followed another strike Tuesday night, also in the eastern Pacific, that killed two people, Hegseth posted…
A prominent US think tank has urged Washington to streamline bureaucracy, strengthen institutions and recalibrate its policies with allies to solidify cooperation and consolidate its foothold in the escalating rivalry with China. Intelligence sharing, coalition planning and arms sales are suffering from structural flaws which hinder multinational effective collaboration, risking “potentially catastrophic” results, according to…
HARRISBURG, Pa. (AP) — The White House said Monday that it intervened under the terms of a three-month-old national security agreement with Japan-based Nippon Steel to block a decision to stop processing raw steel at U.S. Steel’s Granite City Works plant in Illinois. In a statement, the White House said Commerce Secretary Howard Lutnick delivered…
By Purvi Agarwal and Sukriti Gupta (Reuters) – The S&P 500 and the Nasdaq were subdued on Monday after rallying to record highs in the previous session, while uncertainty around President Donald Trump‘s visa policies also dimmed sentiment. The Trump administration said on Friday it would ask companies to pay $100,000 per year for H-1B…
WASHINGTON (AP) — The U.S. military strike on what the Trump administration says was a drug-carrying speedboat from Venezuela came after the vessel had turned around and was heading back to shore, raising fresh questions as members of Congress are demanding more information about the provocative attack. National security officials acknowledged during a closed briefing…
Hundreds of federal agents descended on a sprawling site where Hyundai manufactures electric vehicles in Georgia and detained 475 people, most of them South Korean nationals. This is the latest in a long line of workplace raids conducted as part of the Trump administration’s mass deportation agenda. But the one on Thursday is especially distinct…
By Hritam Mukherjee and Nidhi Verma NEW DELHI (Reuters) -India will continue to buy Russian oil as it proves economical, its finance minister said on Friday, despite the Trump administration’s decision to impose heavy import tariffs on Indian goods due, in part, to its energy purchases from Moscow. As Europe and the U.S. have shunned…
Nvidia (NVDA) has reportedly cut an unprecedented deal with the Trump administration to save its China business that would entail sharing as much as $3 billion in revenue with the US government for the current fiscal year to resume sales of its H20 chips. Multiple media outlets have confirmed with unnamed sources that leading AI…
By Liam Mo, Brenda Goh and Karen Freifeld BEIJING/SHANGHAI/NEW YORK (Reuters) -Nvidia placed orders for 300,000 H20 chipsets with contract manufacturer TSMC last week, two sources said, with one of them adding that strong Chinese demand had led the U.S. firm to change its mind about just relying on its existing stockpile. The Trump administration…