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Despite all the buzz last week that DeepSeek would herald in an era of lower AI budgets, there is zero sign that Big Tech is slowing down. Instead, they’re ramping things up. Amazon is the latest tech giant to announce a massive AI spending plan with well over $100 billion in predicted capital expenditures for […]

OpenAI is scouting Oregon and 15 other states as it prepares to build a network of huge data centers to power its artificial intelligence technology, expanding beyond a flagship Texas location and looking across 16 states to accelerate the Stargate project championed by President Donald Trump. The lead site will be in Texas, but OpenAI […]

The once-leading Minnesota corporation, now based in North Carolina, has been pressured by shareholders to split up. Honeywell, which has deep roots in Minnesota and still has significant operations in the state, will split into three separate companies. Charlotte, N.C.-based Honeywell, one of the last U.S. industrial conglomerates, announced on Thursday that it will break […]

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SAN FRANCISCO, Feb 6 (Reuters) – ChatGPT maker OpenAI said on Thursday that it is evaluating U.S. states as potential artificial intelligence data center locations for its massive Stargate venture, framing the project as a matter of urgency for the United States to beat China in the global AI race. “As news emerged about DeepSeek, […]

The once-leading Minnesota corporation, now based in North Carolina, has been pressured by shareholders to split up. Honeywell, which has deep roots in Minnesota and still has operations here, is breaking into three companies. (Steve Jahnke, AP/The Associated Press) Honeywell International, which has deep roots in Minnesota and still has significant operations in the state, […]

As day one of a planned two-week walkout began, about a dozen King Soopers employees were up before dawn on Thursday, pacing in front of their store in Centennial. Some walked the perimeter on the sidewalks as cars passed by. All carried white signs with red lettering asking customers to not patronize their employer. Their […]

Bessent on Powell: ‘I’m sure he’s going to do the right thing’ — news from The Hill

Amazon’s shares fell as much as 5% in extended trade after the fourth-quarter earnings report, erasing about $90 billion worth of stock market value, and were last down about 4.2%. Amazon Chief Financial Officer Brian Olsavsky said he expected the capital expenditure run rate for this year to be roughly the same as last year’s […]

 The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, providing a small relief for prospective home shoppers before the busy spring homebuying season. The average rate fell to 6.89% from 6.95% last week, according to Freddie […]