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OpenAI Announced Five New Data Centers, And Stablecoin-Issuer Tether Is Chasing A Valuation Near $500 Billion

OpenAI will build five new data centers, making a power move in more ways than one, while stablecoin-issuer Tether is chasing a valuation near $500 b…

1 year ago

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Nvidia Promised To Invest $100 Billion In OpenAI, And Bain Warned That Companies Might Be Lacking In Revenue To Fund Their AI Costs

Nvidia promised to invest $100 billion in OpenAI – and it won’t be long before those dollars end up back where they started, while Bain warned that c…

1 year ago

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Warren Buffett’s Berkshire Hathaway Sold Its BYD Stake, And The US President Imposed A $100,000 H-1B Visa Fee

Warren Buffett’s Berkshire Hathaway sold the last of its BYD stake, after 17 years and 4,000% in returns, while the US president stamped a $100,000 f…

1 year ago

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Nvidia Pledged To Invest $2.7 Billion In The UK’s AI Sector, And The US Government Decided Where To Spend Japan’s $550 Billion

Nvidia pledged to invest $2.7 billion in the UK’s AI sector – the American firm’s biggest-ever British bet – while The US government has decided wher…

1 year ago

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Investors Are Betting On The US But Avoiding The Dollar, And Huawei Claims Its New AI System Is The World’s Best

 Investors are betting on the US, but they’re trying to avoid the dollar, while Huawei said its new AI chip system is the best in the world – even sm…

1 year ago

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The Federal Reserve Cut Interest Rates, And China Put Its Homegrown Chip-Making Machine To The Test

 The Federal Reserve cut US interest rates, just as traders predicted, while China put its first homegrown advanced chip-making machine to the test.

T…

1 year ago

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US Government Bonds Ranked First In Major Markets, And British Smartphone Maker Nothing Raised $200 Million

US Treasuries ranked first in the world’s major government bond markets, while British smartphone maker Nothing raised $200 million – cash it’ll use …

1 year ago

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China’s Economy Is Struggling To Keep Up With Its Own First-Half Performance, And FuriosaAI Is Preparing To Raise Over $300 Million

China’s economy set the pace earlier this year – but now, it’s struggling to stick to it – while one of Nvidia’s most promising challengers is planni…

1 year ago

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The Convertible Bond Market’s Picking Up Steam, And Inflation Expectations In UK Households Hit A Two-Year High

Companies are tapping the convertible bond market like it’s 2020 again, while British households gave their highest inflation predictions in two year…

1 year, 1 month ago

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A Billion-Dollar Crypto Deal Is In The Works, And Fresh US Inflation Data Reinforced Rate Cut Expectations

There’s a new, billion-dollar crypto deal cooking, and fresh inflation data backed up expectations that the Fed will cut interest rates next week.

Tod…

1 year, 1 month ago

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