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Commerce Secretary Lutnick says China is only getting Nvidia’s ‘4th best’ AI chip

Commerce Secretary Lutnick says China is only getting Nvidia’s ‘4th best’ AI chip

Finance News

Howard Lutnick, U.S. Secretary of Commerce speaks during the Pennsylvania Energy And Innovation Summit 2025 at Carnegie Mellon University in Pittsburgh on July 15, 2025. David A. Grogan | CNBC Commerce Secretary Howard Lutnick on Tuesday said the Trump administration reversed course on allowing Nvidia to sell its AI chips to China because the U.S. […]

Commerce Secretary Lutnick says China is only getting Nvidia’s ‘4th best’ AI chip Read More »

Coreweave stock pops after company announces billion AI data center in Pennsylvania

Coreweave stock pops after company announces $6 billion AI data center in Pennsylvania

Finance News

CoreWeave Inc. signage in Times Square in New York, US, on Friday, May 9, 2025. Yuki Iwamura | Bloomberg | Getty Images Coreweave stock climbed more than 9% on Tuesday after the company announced a $6 billion artificial intelligence data center project in Pennsylvania. The commitment includes an initial 100 megawatt data center built in

Coreweave stock pops after company announces $6 billion AI data center in Pennsylvania Read More »

Apple makes 0 million deal with miner MP Materials for rare earths magnets

Apple makes $500 million deal with miner MP Materials for rare earths magnets

Finance News

People look at iPhones at the Apple Fifth Avenue store in New York City on May 23, 2025. Adam Gray | Reuters Apple and miner MP Materials announced a $500 million deal Tuesday for rare earths magnets and the development of a recycling facility that will reinforce the iPhone maker’s U.S. supply chain. MP Materials

Apple makes $500 million deal with miner MP Materials for rare earths magnets Read More »

Block leads rebound in fintech stocks as analysts downplay JPMorgan data fee risk

Block leads rebound in fintech stocks as analysts downplay JPMorgan data fee risk

Finance News

Twitter CEO Jack Dorsey testifies during a remote video hearing held by subcommittees of the U.S. House of Representatives Energy and Commerce Committee on “Social Media’s Role in Promoting Extremism and Misinformation” in Washington, U.S., March 25, 2021. Handout | Via Reuters Block jumped more than 5% on Monday, leading a rally in shares of

Block leads rebound in fintech stocks as analysts downplay JPMorgan data fee risk Read More »

Trade Desk’s stock jumps on S&P 500 inclusion as Ansys exits index due to acquisition

Trade Desk’s stock jumps on S&P 500 inclusion as Ansys exits index due to acquisition

Finance News

Jeff Green, Founder, CEO, and Chairman, The Trade Desk and Andrew Wallenstein, Variety Intelligence Platform, President and Chief Media Analyst speak onstage at “Advertising’s New Normal: Unifying Streaming and Identity in 2023” during the Variety Entertainment Summit at CES at the Aria Resort & Casino on January 06, 2023 in Las Vegas, Nevada. Greg Doherty

Trade Desk’s stock jumps on S&P 500 inclusion as Ansys exits index due to acquisition Read More »

Anthropic, Google, OpenAI and xAI granted up to 0 million for AI work from Defense Department

Anthropic, Google, OpenAI and xAI granted up to $200 million for AI work from Defense Department

Finance News

A view of the Pentagon on December 13, 2024, in Washington, DC. Home to the US Defense Department, the Pentagon is one of the world’s largest office buildings. Daniel Slim | Afp | Getty Images The U.S. Department of Defense on Monday said it’s granting contract awards of up to $200 million for artificial intelligence

Anthropic, Google, OpenAI and xAI granted up to $200 million for AI work from Defense Department Read More »

Cognition to buy AI startup Windsurf days after Google poached CEO in .4 billion licensing deal

Cognition to buy AI startup Windsurf days after Google poached CEO in $2.4 billion licensing deal

Finance News

In this photo illustration, a man seen holding a smartphone with the logo of US artificial intelligence company Cognition AI Inc. in front of website. Timon Schneider | SOPA Images | Sipa USA | AP Artificial intelligence startup Cognition announced it’s acquiring Windsurf, the AI coding company that lost its CEO and several other senior

Cognition to buy AI startup Windsurf days after Google poached CEO in $2.4 billion licensing deal Read More »

Meta removes 10 million Facebook profiles in effort to combat spam

Meta removes 10 million Facebook profiles in effort to combat spam

Finance News

Meta CEO Mark Zuckerberg looks on before the luncheon on the inauguration day of U.S. President Donald Trump’s second Presidential term in Washington, U.S., Jan. 20, 2025.  Evelyn Hockstein | Reuters Meta on Monday said it’s removed about 10 million profiles for impersonating large content producers through the first half of 2025 as part of

Meta removes 10 million Facebook profiles in effort to combat spam Read More »

Meta CEO Zuckerberg says first AI data supercluster will come online in 2026

Meta CEO Zuckerberg says first AI data supercluster will come online in 2026

Finance News

Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Meta CEO Mark Zuckerberg on Monday said he plans to invest “hundreds of billions of Dollars” into artificial intelligence compute infrastructure, and that Meta plans to bring its first

Meta CEO Zuckerberg says first AI data supercluster will come online in 2026 Read More »

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