Posts by Amelia Frost
The Biggest Autonomous Vehicle Investment Isn’t the Vehicle
For more than a decade, investors have poured hundreds of billions of dollars into autonomous vehicles, backing companies racing to solve one of the most technically ambitious engineering problems of our time: replacing the human driver. That investment has produced remarkable progress. Commercial robotaxis now carry paying passengers in multiple cities, and the question is…
Read MoreGovernment Shutdown Odds Just Dropped: Bitcoin Traders Are Reading It Wrong
The House passed a stopgap funding bill 220-205 on July 21, shoving the government’s spending deadline from September 30 to December 4 and conveniently clear of the midterms. Prediction markets repriced instantly, with implied odds of an October 1 shutdown on Kalshi falling from roughly 59% to 48%. Here’s the tension traders keep missing: a…
Read MoreTrump’s Truth Social Posts Have a Price Tag. Wall Street Firms Are Already Paying For Early Access.
More than 10 financial firms have signed up for a Trump Media service that charges as much as $100,000 a month for faster access to potentially market-moving posts on Truth Social, according to a new report. The service, known as Truth API, launched at the beginning of August and is designed to give paying customers…
Read MoreU.S. Brokers Deal To Get Nuclear Material From The al-Assad Era Out Of Syria
The Trump administration is working to get nuclear material out of Syria. TING SHEN/AFP via Getty Images The International Atomic Energy Agency (IAEA) will begin removing nuclear material from Syria after an agreement brokered by the United States. Axios reported that the Trump administration, Syria, and Israel have been involved in reaching the agreement regarding…
Read MoreIntel Is Increasing The Amount Of Money It’s Raising As AI Demand Soars. Its Stock Is Flat.
Intel has increased its planned stock offering to $20 billion from $15 billion, seeking additional capital as booming artificial intelligence demand pushes the chipmaker to increase spending on manufacturing capacity. The company priced the offering at $95 per share and expects the transaction to close on Aug. 12, subject to customary closing conditions. Intel expects…
Read MoreA Top Pakistani Official Voiced Optimism Over a U.S.-Iran Deal. Oil Is Rising Anyway.
Oil is climbing on Tuesday even though a top Pakistani official voiced optimism over a deal between the U.S. and Iran. Brent crude, the international benchmark, rose over 1% at 1:04 p.m. ET and clocked in at $88.62 per barrel, while West Texas Intermediate, the U.S. benchmark, rose 1.24% at the same time and stood…
Read MoreNvidia Lines Up $500 Billion AI Financing Push As CEO Jensen Huang Says Chips Are Now an ‘Investable Asset’
Nvidia is teaming up with some of Wall Street’s biggest financial firms to mobilize more than $500 billion for artificial intelligence infrastructure, part of an ambitious effort to turn AI chips and computing capacity into a new asset class that investors can finance much like real estate, power plants or other critical infrastructure. The chip…
Read MoreNvidia Unveils New Open-Source AI Model. CEO Jensen Huang Says Free AI Means More Chip Demand.
Nvidia is deepening its push into open-source artificial intelligence, unveiling a new model that can run on a single graphics processor just weeks after CEO Jensen Huang publicly jumped into the debate over whether the U.S. should embrace open AI development. The chip giant on introduced Nemotron 3.5 Lightning, a “lightweight” open-source AI model that…
Read MoreOpenAI Employees Just Cashed Out $7 Billion In Shares. The ChatGPT Maker Is Now Worth $852 Billion.
OpenAI has completed a roughly $7 billion secondary share sale, allowing current and former employees to cash out some of their holdings as the ChatGPT maker moves closer to a potential initial public offering. The tender offer valued OpenAI at $852 billion, unchanged from the valuation it secured during its massive funding round earlier this…
Read MoreSocial Media Companies Face a Potential Legal Reckoning As Thousands Of Lawsuits Are Set To Move Forward
A federal appeals court ruled that thousands of lawsuits filed against Meta and other social media companies over addictive features can move forward. The lawsuits, many of them filed by school districts and state governments, allege that platforms like Facebook, Instagram, and TikTok, were designed to be addictive and have contributed to mental health issues…
Read MoreThe AI Boom Is Making Memory Chips Much More Expensive, Impacting Laptop And Smartphone Prices
Artificial intelligence spending is driving an unprecedented surge in memory chip prices, increasing costs for smartphones, laptops and cloud computing as major technology companies secure supplies years in advance. Prices paid by U.S. producers for electronic components and accessories jumped 27.6% in June from a year earlier, the largest increase in government records dating back…
Read MoreThree Killed In a Strike In Bab el-Mandeb. Iran-Backed Houthis Are Suspected Of Conducting It.
Three people have been killed in a suspected attack by the Iran-backed Houthis in the Bab el-Mandeb strait on Tuesday, according to a new report. Reuters detailed that the strike took place off the coast of Pakistan. If confirmed, they would be the first deaths resulting from a strike from the Yemen-based group. They have…
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