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SEC drops Binance lawsuit, ending one of last remaining crypto enforcement actions

SEC drops Binance lawsuit, ending one of last remaining crypto enforcement actions

Finance News

Jakub Porzycki | Nurphoto | Getty Images The SEC has formally dropped its lawsuit against Binance and founder Changpeng Zhao, bringing an end to one of the last remaining crypto enforcement actions brought by the agency. In a Thursday filing in the U.S. District Court for the District of Columbia, lawyers for the SEC and […]

SEC drops Binance lawsuit, ending one of last remaining crypto enforcement actions Read More »

Musk’s SpaceX town in Texas warns residents they may lose right to ‘continue using’ their property

Musk’s SpaceX town in Texas warns residents they may lose right to ‘continue using’ their property

Finance News

The neighborhood once known as Boca Chica Village is seen near the SpaceX facilities where they build rockets in Brownsville, Texas, on May 3, 2025. Gabriel Cardenas | AFP | Getty Images Starbase, Texas, has notified some residents that they might “lose the right to continue using” their property as they do today, according to

Musk’s SpaceX town in Texas warns residents they may lose right to ‘continue using’ their property Read More »

Musk-Altman AI rivalry is complicating Trump’s dealmaking in Middle East

Musk-Altman AI rivalry is complicating Trump’s dealmaking in Middle East

Finance News

Sam Altman, CEO of OpenAI, is seen through glass during an event on the sidelines of the Artificial Intelligence Action Summit in Paris, Feb. 11, 2025. Aurelien Morissard | Via Reuters Elon Musk tried to derail a major artificial intelligence infrastructure deal in the Middle East after learning that his startup, xAI, would be excluded

Musk-Altman AI rivalry is complicating Trump’s dealmaking in Middle East Read More »

Meta and Anduril defense startup partner on VR, AR project intended for U.S. Army

Meta and Anduril defense startup partner on VR, AR project intended for U.S. Army

Finance News

Palmer Luckey, Founder @ Oculus VR Andutil Industries, during day two of Collision 2019 at Enercare Center in Toronto, Canada. Stephen McCarthy | Sportsfile | Getty Images Meta and Anduril, the defense-tech startup founded by Palmer Luckey, announced Thursday that they’ve formed a partnership to create virtual and augmented reality devices intended for use by

Meta and Anduril defense startup partner on VR, AR project intended for U.S. Army Read More »

Salesforce shares fall as software maker shows pockets of weakness

Salesforce shares fall as software maker shows pockets of weakness

Finance News

Marc Benioff, Chairman & CEO of Salesforce, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBC Salesforce shares slumped about 6% despite topping Wall Street’s fiscal first-quarter estimates and lifting its full-year guidance due to artificial intelligence tailwinds. The sales and customer service software

Salesforce shares fall as software maker shows pockets of weakness Read More »

Amazon AI deal with New York Times brings the paper’s content to Alexa

Amazon AI deal with New York Times brings the paper’s content to Alexa

Finance News

Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025.  Brendan Mcdermid | Reuters The New York Times on Thursday struck a deal with Amazon allowing it to use the storied news organization’s content across its artificial intelligence platforms. The multi-year deal “will bring Times editorial

Amazon AI deal with New York Times brings the paper’s content to Alexa Read More »

Intel CEO Lip-Bu Tan has a long track record in the chip industry. Now he needs a big customer

Intel CEO Lip-Bu Tan has a long track record in the chip industry. Now he needs a big customer

Finance News

Intel’s CEO Lip-Bu Tan speaks at the company’s Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025. Laure Andrillon | Reuters When Lip-Bu Tan was named CEO of Intel a little over two months ago, he brought with him plenty of name recognition. Tan spent 12 years running Cadence Design Systems and

Intel CEO Lip-Bu Tan has a long track record in the chip industry. Now he needs a big customer Read More »

Nvidia jumps 5% in premarket trading as results spark global chip rally

Nvidia jumps 5% in premarket trading as results spark global chip rally

Finance News

Jensen Huang, co-founder and CEO of Nvidia, during the Computex conference in Taipei, Taiwan, on May 20, 2025. Annabelle Chih | Bloomberg | Getty Images Nvidia shares jumped in premarket trading on Thursday after posting a positive set of earnings, sparking a rally in global semiconductor stocks. Shares of Nvidia were 5.22% higher at 05:06

Nvidia jumps 5% in premarket trading as results spark global chip rally Read More »

China’s DeepSeek quietly releases upgraded R1 AI model, ramping up competition with OpenAI

China’s DeepSeek quietly releases upgraded R1 AI model, ramping up competition with OpenAI

Finance News

Deepseek’s logo on Jan. 29, 2025. Andrey Rudakov | Bloomberg | Getty Images Chinese startup DeepSeek, which caused shockwaves across markets this year, quietly released an upgraded version of its artificial intelligence reasoning model. The company did not make an official announcement, but the upgrade of DeepSeek R1 was released on AI model repository Hugging

China’s DeepSeek quietly releases upgraded R1 AI model, ramping up competition with OpenAI Read More »

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