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Sen. Rand Paul blasts Trump’s stake in Intel as ‘a step towards socialism’

Sen. Rand Paul blasts Trump’s stake in Intel as ‘a step towards socialism’

Finance News

Sen. Rand Paul, R-Ky., on Wednesday criticized the Trump administration’s decision to take a 10% stake in embattled chipmaker Intel, calling the investment “a step towards socialism.” Intel announced last month that the U.S. government made an $8.9 billion investment in Intel common stock, purchasing 433.3 million shares at a price of $20.47 per share, giving it a […]

Sen. Rand Paul blasts Trump’s stake in Intel as ‘a step towards socialism’ Read More »

Translation startup DeepL launches an AI ‘agent’ in challenge to players like OpenAI

Translation startup DeepL launches an AI ‘agent’ in challenge to players like OpenAI

Finance News

DeepL CEO Jaroslaw “Jarek” Kutylowski. DeepL German startup DeepL on Wednesday said it was expanding beyond artificial intelligence-powered translation into general AI agents focused on businesses. The term “agent” refers to an AI tool that can carry out tasks in the background in response to user prompts. DeepL Agent is designed to complete “repetitive, time-intensive

Translation startup DeepL launches an AI ‘agent’ in challenge to players like OpenAI Read More »

Quantum computing startup IQM raises 0 million as investors pile into the tech

Quantum computing startup IQM raises $320 million as investors pile into the tech

Finance News

Quantum computing firm IQM says it’s raised $320 million of fresh funding to ramp up investments in technology and commercial growth. The startup, which is headquartered in Espoo, Finland, was founded in 2018 by a team of scientists with the aim of building powerful quantum computers in Europe like the machines companies such as Google

Quantum computing startup IQM raises $320 million as investors pile into the tech Read More »

The U.S. makes it harder for TSMC, SK Hynix and Samsung to produce chips in China

The U.S. makes it harder for TSMC, SK Hynix and Samsung to produce chips in China

Finance News

A 300mm wafer on display at the booth of Taiwan Semiconductor Manufacturing Company during the 2023 World Semiconductor Conference at Nanjing International Expo Center on July 19, 2023, in Nanjing, China. Vcg | Visual China Group | Getty Images The U.S. has revoked a waiver that allowed Taiwan Semiconductor Manufacturing Co. to export key chipmaking

The U.S. makes it harder for TSMC, SK Hynix and Samsung to produce chips in China Read More »

Salesforce CEO confirms 4,000 layoffs ‘because I need less heads’ with AI

Salesforce CEO confirms 4,000 layoffs ‘because I need less heads’ with AI

Finance News

Salesforce CEO Marc Benioff participates in an interview at the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025. Chris Ratcliffe | Bloomberg | Getty Images Salesforce has cut 4,000 of its customer support roles, CEO Marc Benioff recently said while discussing how artificial intelligence has helped reduce the company headcount. Benioff revealed the

Salesforce CEO confirms 4,000 layoffs ‘because I need less heads’ with AI Read More »

Apple shares rise after judge rules Google can continue preload deals in antitrust case

Apple shares rise after judge rules Google can continue preload deals in antitrust case

Finance News

Tim Cook, CEO of Apple Inc., during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, on June 9, 2025. David Paul Morris | Bloomberg | Getty Images Apple shares rose more than 3% in extended trading Tuesday after a federal judge ruled that Alphabet may continue making payments to preload Google

Apple shares rise after judge rules Google can continue preload deals in antitrust case Read More »

Google gets to keep Chrome but is barred from exclusive search deals, judge rules

Google gets to keep Chrome but is barred from exclusive search deals, judge rules

Finance News

Google CEO Sundar Pichai during the press conference after his meeting with Polish PM Donald Tusk at Google for Startups Campus In Warsaw in Warsaw, Poland on February 13, 2025. Images) Jakub Porzycki | Nurphoto | Getty Images A federal judge ruled Tuesday that Google can keep its Chrome browser but will be barred from

Google gets to keep Chrome but is barred from exclusive search deals, judge rules Read More »

OpenAI acquires Statsig for .1 billion, brings on CEO as applications executive

OpenAI acquires Statsig for $1.1 billion, brings on CEO as applications executive

Finance News

Sam Altman, CEO of OpenAI, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, on July 8, 2025. David A. Grogan | CNBC OpenAI continued its spending spree, announcing on Tuesday that it’s acquired Statsig, a product development startup, for $1.1 billion. Statsig helps

OpenAI acquires Statsig for $1.1 billion, brings on CEO as applications executive Read More »

Anthropic raises billion funding round at 3 billion valuation

Anthropic raises $13 billion funding round at $183 billion valuation

Finance News

Dario Amodei, Anthropic CEO, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 21st, 2025. Gerry Miller | CNBC Anthropic on Tuesday announced it has closed a $13 billion funding round at a $183 billion post-money valuation, roughly triple what the artificial intelligence startup was worth as of its last

Anthropic raises $13 billion funding round at $183 billion valuation Read More »

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