Amazon is joining Microsoft in supporting proposed US legislation that would further restrict Nvidia exports to China, deepening Washington’s efforts to prevent Beijing from acquiring high end artificial intelligence chips. The Wall Street Journal reported the development Thursday, citing people familiar with the matter, as debate intensifies over how far the United States should go … Read more
WASHINGTON — The US South Korea shipbuilding investment and subs trade deal was unveiled Friday as the two governments released detailed terms of a sweeping economic and security agreement that includes a South Korean pledge to invest $150 billion in American shipbuilding and another $200 billion in broader industrial sectors. The announcement followed months of … Read more
US stocks closed lower Thursday as major indexes retreated on renewed Fed rate cut worries, with the Nasdaq Composite posting the sharpest losses. The Dow Jones Industrial Average, S&P 500 and Nasdaq all fell throughout the session as investors digested mixed economic data and shifting expectations for central bank policy. Concerns intensified after President Trump … Read more
Blue Origin achieved a key milestone Thursday after landing the booster for its New Glenn launcher for the first time, marking a significant advancement in the company’s push to compete more directly in the reusable rocket sector dominated by SpaceX. The test, which featured the Blue Origin reusable rocket lifting off from Cape Canaveral and … Read more
Elon Musk’s artificial intelligence startup, xAI, has reportedly raised $15 billion in new funding, according to a CNBC report citing sources familiar with the matter. The infusion, which allegedly boosts the company’s valuation to $200 billion, underscores the accelerating race for capital in the AI sector. However, Musk quickly disputed the report. In a post … Read more
MONTERREY, Mexico — Nvidia Corp. denied plans to invest $1 billion in the northern Mexican state of Nuevo Leon, hours after Governor Samuel Garcia announced the technology giant would build a green data center there. The clarification comes amid confusion over the scope of the project and the role of Nvidia in local technological development. … Read more
Artificial intelligence company Anthropic on Wednesday announced a $50 billion investment in computing infrastructure that includes new data centers in Texas and New York, marking one of the largest single capital pushes in the company’s history. The same day, Microsoft revealed a new AI data center under construction in Atlanta, Georgia, describing it as part … Read more
WASHINGTON — The US House of Representatives voted Wednesday night to reopen the federal government after a record 43 day shutdown, bringing relief to hundreds of thousands of furloughed federal workers and signaling an end to weeks of political gridlock. The bill, which cleared the House 222 to 209, now heads to President Donald Trump’s … Read more
NEW YORK — Advanced Micro Devices Inc. (AMD) shares rose nearly five percent in premarket trading Wednesday following the company’s announcement of aggressive long term growth targets aimed at capturing a larger slice of the artificial intelligence chip market from market leader Nvidia. The Santa Clara, California based semiconductor company on Tuesday unveiled plans to … Read more
NEW YORK — Google has filed a lawsuit against what it alleges is a sprawling international network of text message scammers, signaling a major escalation in the tech industry’s battle against digital fraud. The lawsuit, filed Wednesday in the US District Court for the Southern District of New York, targets a group Google calls “Lighthouse,” … Read more