Grok, Elon Musk’s ChatGPT competitor, temporarily refused to respond with “sources that mention Elon Musk/Donald Trump spread misinformation,” according to Igor Babuschkin, head of engineering at xAI. After […]
Technology
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Analyst says Microsoft is cutting AI data center spending, which may have led to market sell-off
An analyst report from TD Cowen on data centers and Microsoft raised concerns about the sustainability of the artificial intelligence trade, potentially contributing to Friday’s significant market sell-off. […]
Technology
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Nvidia’s Earnings to Test AI Chip Demand Amid DeepSeek Concerns
Feb 24 (Reuters) – Nvidia’s earnings report is anticipated to shed light on the demand for its high-cost AI chips. Investors are questioning the necessity of Nvidia’s chips […]
Economy
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Warren Buffett Shares Latest Investment Insights
Known as the Oracle of Omaha, Warren Buffett has shared his latest insights on the stock market and business ownership in his recent shareholder letter. Buffett elaborated on […]
Technology
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Bybit stolen funds likely headed to crypto mixers next: Elliptic
Following the $1.4 billion hack of the Bybit crypto exchange, the stolen crypto assets are likely to be laundered through mixers as hackers attempt to obscure the transaction […]
Uncategorized
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Saipem and Subsea7 in merger talks: Report
Saipem and Subsea7 are reportedly in merger talks, according to recent developments in the energy sector. The discussions between the two companies highlight a significant move within the […]
Economy
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Apple to Add 20,000 US Jobs and Invest $500 Billion Amid Tariff Pressures
Apple Inc. has announced plans to create 20,000 new jobs in the United States and begin producing AI servers domestically as part of its strategy to address tariff […]
Economy
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Proposed Merger of Saipem and Subsea7 to Create Global Energy Services Leader
Milan, Luxembourg, 23 February 2025 – Saipem and Subsea7 have announced an agreement in principle on the key terms of a potential merger through a memorandum of understanding […]
Markets
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Bybit Fully Recovers from $1.4B ETH Hack, CEO Confirms
Bybit CEO Ben Zhou has confirmed that the cryptocurrency exchange has fully replenished the $1.4 billion worth of Ether (ETH) stolen during a hack on Feb. 21. According […]
Technology
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Alibaba to Spend $53 Billion on AI Infrastructure Over Three Years
Alibaba Group Holding Ltd. has announced a significant investment plan of over 380 billion yuan ($53 billion) in AI infrastructure, including data centers, over the next three years. […]