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Nvidia Bets $2B on Nebius; Atlassian Cuts 1,600 Jobs, to Fund AI
Nvidia has invested $2 billion in cloud operator Nebius Group. The deal provides Nvidia with an approximate 8.3% stake in the firm. The partnership targets...
Mattel targets 2026 growth, fueled by Hot Wheels and movie slate
Mattel leadership detailed the company's 2026 strategy and financial outlook at the UBS Global Consumer and Retail Conference. Management also communicated...
AMD Champions 'Agent Computers' for Local AI Processing
AMD launched "Agent Computers" to run AI models locally and compete in the personal AI hardware market. Ryzen AI MAX APUs and Radeon AI PRO GPUs run the...
Thomson Reuters proposes $605 million payout, seeking April shareholder approval
Thomson Reuters filed proxy documents for a special shareholder meeting on April 28, 2026. Shareholders will vote on a proposed return of capital and...
TSMC hits 3nm capacity bottleneck, driven by surging AI chip demand
TSMC’s 3-nanometer (N3) wafer capacity has become a primary constraint for the artificial intelligence industry. Nvidia, Google, Amazon, and AMD will all...
Paramount Skydance pursues $3.1 billion NFL extension, securing games through 2034
Paramount Skydance is negotiating with the NFL to extend CBS Sunday football broadcasting rights through the 2033-2034 season. The proposed deal for the CBS...
Micron buys $1.8B Taiwan fab, targeting AI-driven memory demand
Micron Technology is positioning Taiwan as its global center for DRAM and HBM manufacturing. The company acquired PSMC’s P5 wafer fab for approximately $1.8...
Anduril Lands $20 Billion Army Contract, Streamlining AI Tech Procurement
The U.S. Army awarded defense technology startup Anduril Industries a 10-year enterprise contract with a maximum value of $20 billion. This firm-fixed-price...
Li Auto Pivots to AI Following Rare 520 Million Yuan Loss
Li Auto Inc. reported an operating loss of 520 million yuan for 2025. This result reverses two consecutive years of profits exceeding 7 billion yuan. Revenue...
US Commerce Scraps Global AI Chip Export Rule, Easing Industry Pressure
The U.S. Department of Commerce withdrew a proposal to tighten global export controls on advanced artificial intelligence chips. Government agencies reviewed a...
Energy Secretary Chris Wright roils oil markets, after false Hormuz tweet
U.S. Energy Secretary Chris Wright triggered extreme volatility in crude oil prices on Tuesday. The deleted social media post incorrectly claimed the U.S. Navy...
Trump Cuts Mortgage Red Tape, Seeking to Revive Housing Market
President Trump signed executive orders to reduce regulatory burdens on home construction and mortgage lending. [3, 8] The orders direct federal agencies,...
Binance Faces DOJ Probe Over $1B in Alleged Iran Sanctions Evasion
The U.S. Department of Justice is investigating whether Binance helped Iran evade American sanctions. Investigators are examining more than $1 billion in...
FedEx Overtakes UPS in Market Value, Fueled by Aggressive Cost-Cutting
FedEx Corp. eclipsed United Parcel Service Inc. in market capitalization for the first time in early March 2026. FedEx reached a market value of approximately...
Binance and Hyperliquid Hit $1B Daily Oil Volumes, Enabling 24/7 Trading
Crypto platforms are introducing perpetual futures contracts tied to crude oil prices. [5] Decentralized exchanges Hyperliquid and Aster, alongside Binance,...
Amazon Overturns Record €746M Privacy Fine, Citing Flawed Regulator Analysis
Amazon successfully appealed a record €746 million ($854.4 million) GDPR fine. Luxembourg's data privacy regulator, the CNPD, originally imposed the penalty in...
TikTok investors pay US $10 billion fee, citing government brokering role
The Trump administration will receive approximately $10 billion from investors in TikTok’s U.S. business. An investor group including Oracle, Silver Lake, and...
🔴 BIDU is trading 6.8% down today as Alibaba's AI launch pressures competitive dynamics
BIDU is trading at $115.67 (-6.77%) in after-hours trading as Alibaba's launch of the JVS Claw app, an agentic AI tool, signals intensifying competition for...
Salesforce Completes $25.0 Billion Senior Notes Offering to Fund Share Repurchases
Salesforce announced the completion of a registered public offering of $25.0 billion in aggregate principal amount of senior notes. The offering consists of...
Palantir CEO Highlights AI Infrastructure as New Geopolitical Target
Palantir CEO Alex Karp states adversaries now target AI data center infrastructure over traditional military assets. Adversaries focus on critical...