WASHINGTON — Zohran Mamdani, the newly elected mayor of New York City, sat across from former President Donald Trump in the Oval Office Friday in a meeting that quickly became a media spectacle, drawing attention from political observers and the public alike. The 34 year old mayor elect faced pointed questions from reporters about whether … Read more
ATLANTA — Republican Rep. Marjorie Taylor Greene of Georgia announced Friday night that she will resign her seat in the US House of Representatives, with her last day in office set for Jan. 5. The unexpected move follows a highly public dispute with former President Donald Trump, a figure she ardently supported. Greene, 51, has represented … Read more
WASHINGTON — A federal indictment alleging alleged AI chip smuggling to China has intensified calls in Congress for stricter oversight of high end semiconductor shipments, as US officials work to enforce sweeping technology export restrictions. The US Department of Justice on Thursday charged four individuals with conspiring to illegally move Nvidia’s advanced GPUs to China, … Read more
Asian chip shares tumbled Friday in a broad market pullback triggered by Nvidia’s overnight slump, shaking investor confidence despite the US chipmaker’s stronger than expected earnings and optimistic guidance. SoftBank, a key player in global semiconductor and AI investments, led the downturn with a double digit fall that rattled Tokyo markets. The selloff unfolded hours … Read more
Europe’s chip dreams are gaining urgency as geopolitical tensions and supply chain disruptions push governments to reduce dependence on Asian semiconductor manufacturing. Germany’s multibillion euro partnership with Taiwan Semiconductor Manufacturing Company aims to anchor a new ecosystem in Dresden, but suppliers warn that Europe’s regulatory hurdles could challenge the continent’s ambitious plans. For decades, most … Read more
Wall Street could still finish the year on a high note, even as technology stocks struggle and the artificial intelligence slump deepens. The Nasdaq Composite slid 0.84 percent on Monday as major tech names, including Apple, Meta and Oracle, all declined more than one percent. Nvidia, a bellwether for AI growth, dropped nearly two percent ahead … Read more
SAN FRANCISCO — Every company, including tech giants like Google, could face consequences if the current artificial intelligence (AI) investment boom collapses, Sundar Pichai, chief executive of Google’s parent company Alphabet, told the BBC in an exclusive interview. Pichai described the AI growth surge as an “extraordinary moment,” but cautioned that some “irrationality” had emerged … Read more
US prosecutors have launched an investigation into a group of telecom companies after BlackRock’s private credit arm reported it lent more than $400 million backed by what appear to be fabricated receivables, according to people familiar with the matter. The $400 million fraud probe centers on entities connected to Bankim Brahmbhatt, a little known executive … Read more
President Donald Trump sought to reassure voters that the United States is entering what he called a “golden age,” even as concerns over affordability continue to overshadow his economic message. Speaking at a gathering of McDonald’s franchise owners in Washington, the president highlighted what he described as progress in lowering prices and easing regulations, but … Read more
NEW YORK — Elon Musk set a sweeping new ambition for Tesla during an event in New York, stating the company’s Tesla Optimus robot could one day perform surgical procedures with precision comparable to human specialists. Musk said the advancement might help address global shortages of skilled surgeons and expand access to high quality medical … Read more
