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Intel 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...
A 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...
Nvidia 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...
Nvidia 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...
OpenAI 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...
Social 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...
The 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...
Three 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...
Zelenskyy Says Putin Is Set To Escalate The War Further. He Is Calling For More Sanctions And Support.
Ukrainian President Volodymyr Zelenskyy said Russian President Vladimir Putin is gearing up to escalate the war, calling on allies and partners to increase pressure on Moscow and ramp up...
Trump Doubles Down On Economic Pressure On Iran As Prospects For a Deal Fade: ‘I’m Their Banker’
President Donald Trump claimed economic pressure on Iran is working as perspectives of a deal between the countries fade.Speaking to Real America's Voice, Trump said the country's economy is...
A Fed Member Voted To Hike Rates In July. She Said More Than One Increase Could Be Needed To Tame Inflation.
Cleveland Federal Reserve president Beth Hammack said more than one interest rate hike could be needed to tame inflation.Hammack, who among the minority of FOMC voters who supported increasing...
