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OpenInfer raises $8M for AI inference at the edge
OpenInfer has raised $8 million in funding to redefine AI inference for edge applications. It’s the brain child of Behnam Bastani and Reza Nourai, who spent nearly a decade of building and scaling ...VentureBeat - Feb. 20 -
Alibaba’s stock falls on expensive AI-investment pledge
The online retailer plans to spend $53 billion over the next three years on AI and cloud technology.MarketWatch - 4d -
Christie's begins AI art auction amid backlash
The legendary auction house Christie's is facing backlash as it is now auctioning off an entire collection of pieces made using artificial intelligence. NBC News' Brian Cheung takes a first-hand ...NBC News - 2d -
Apple AI tool transcribed the word 'racist' as 'Trump'
Experts have questioned the company's explanation that it is due to the two words being similar.BBC News - 2d -
Because of AI, Consultants Are Now Expected to Do More
Here’s what consultants and firms should do to survive this fundamental shift.Inc. - 33m -
GameStop CEO Ryan Cohen hikes his personal stake in Alibaba to $1 billion, WSJ says
Cohen's sizable stake in Alibaba is a bullish bet on China's economic growth in the long run, The Wall Street Journal said.CNBC - Feb. 20 -
Netflix Plans to Spend $1 Billion Making Content in Mexico Over the Next 4 Years
Netflix CEO Ted Sarandos says the money will go toward projects like Alfonso Cuarón’s film Roma, which was made in Mexico and went on to international acclaim.Wired - Feb. 20 -
Senate adopts $340 billion budget blueprint for Trump's agenda after marathon 'vote-a-rama'
The Republican-controlled Senate on Friday morning adopted a $340 billion budget blueprint designed to boost funding for President Donald Trump's immigration enforcement efforts, energy production ...NBC News - Feb. 21 -
IMAX CEO expects $1.2 billion in box office receipts this year, the best in the company's history
Aiding IMAX's lofty box office goals is the Chinese title "Ne Zha 2," which has already garnered $1.6 billion globally, including IMAX screenings.CNBC - Feb. 21 -
IMAX CEO expects $1.2 billion in box office receipts this year, the best in the company's history
An “embarrassment of riches” at the box office could fuel a $1.2 billion year for IMAX, CEO Rich Gelfond told CNBC on Friday.NBC News - Feb. 21 -
Crypto exchange Bybit suffers $1.4 billion hack. Here’s why it’s troubling for the industry.
The hack of Bybit is the latest incident in which the crypto industry has been targeted.MarketWatch - 6d -
Hackers steal $1.5 billion from exchange Bybit in biggest-ever crypto heist
Bybit, a major cryptocurrency exchange, has been hacked to the tune of $1.5 billion in digital assets, in what’s estimated to be the largest crypto heist in history.NBC News - 6d -
Hackers steal $1.5 billion from exchange Bybit in biggest-ever crypto heist
Bybit, a major cryptocurrency exchange, has been hit by the largest crypto heist in history.CNBC - 6d -
Newsom requests nearly $40 billion in disaster aid following Los Angeles wildfires
California Gov. Gavin Newsom (D) sent a letter to members of Congress requesting nearly $40 billion in funding to rebuild communities after wildfires devastated the Pacific Palisades and Altadena ...The Hill - 5d -
California Gov. Gavin Newsom asks Congress for nearly $40 billion for Los Angeles wildfire relief
SACRAMENTO, Calif. — California Gov. Gavin Newsom has asked Congress to approve nearly $40 billion in aid to help the Los Angeles area recover from January’s devastating wildfires, which he said ...NBC News - 5d -
Berkshire operating earnings surge 71% in fourth quarter, cash hoard balloons to record $334 billion
Berkshire Hathaway reported fourth-quarter results on Saturday. The company's Class A shares popped more than 25% in 2024.CNBC - 4d -
Forget Stargate. Apple now has its own $500 billion investment plan.
Apple is matching the amount of the Stargate AI joint venture — and building goodwill with the new administration in a familiar approach.MarketWatch - 4d -
Apple boosts U.S. investment plans with $500 billion pledge amid Trump tariff threat
Apple on Monday reaffirmed a commitment to spend hundreds of billions on U.S. soil in the coming years amid pressure from President Donald Trump.NBC News - 4d -
Just Eat shares soar 54% after Prosus offers to buy food delivery firm for $4.3 billion
Just Eat Takeaway.com is poised to be acquired by Dutch technology investor Prosus in a deal worth roughly 4.1 billion euros ($4.3 billion).CNBC - 4d -
Apple announces $500 billion investment in US amid tariff threats that could affect the iPhone
Apple announced Monday that it plans to invest more than $500 billion in the United States over the next four years, including plans to hire 20,000 people and build a new server factory in TexasABC News - 4d -
Crypto exchange Bybit says it fully replenished reserves after record $1.5 billion hack
Bybit said it recovered nearly 447,000 ether tokens, replenishing its reserves through a mix of emergency loans and whale deposits.CNBC - 3d -
GM raises dividend and unveils $6 billion buyback program to cheer weary shareholders
Uncertainty about tariffs and labor-cost headwinds have weighed on stock this yearMarketWatch - 2d -
Musk’s cost-cutting drive quietly deletes billions in claimed savings from website
‘Wall of receipts’ drops five largest savings claimed by ‘department of government efficiency’ after debunking. US politics live – latest updates When Elon Musk ’s cost-cutting drive, the ...The Guardian - 2d -
Munich Re announces buybacks even after saying it expects $1.2 billion in claims from California fires
Shares of Munich Re climbed on Wednesday after the German reinsurer stuck to its outlook, despite announcing hefty expected claims from California wildfires.MarketWatch - 2d -
Eli Lilly to spend up to $27 billion in new domestic plants amid Trump tariff threat
Drugmaker Eli Lilly plans to invest up to $27 billion to build four new pharmaceutical manufacturing sites in the U.S., the company announced Wednesday, a move that comes as President Trump is ...The Hill - 2d -
Eli Lilly to spend $27 billion to expand U.S. manufacturing with four new sites
Eli Lilly & Co.’s stock rose 1.6% Wednesday, after the drug company announced plans to expand its U.S. manufacturing sites by adding four more locations this year, along with 13,000 high-wage jobs.MarketWatch - 2d -
U.S. will spend up to $1 billion to combat bird flu, USDA secretary says
The U.S. will invest up to $1 billion to combat the spread of bird flu, including increasing imports of eggs, agriculture secretary Brooke Rollins said.NBC News - 2d -
CBS must defend our free press, not settle Trump's $20 billion lawsuit
CBS has some figuring out to do with regards to free expression.The Hill - 2d -
Trump praises Doge in first cabinet meeting and claims ‘billions’ in savings without evidence – live
Elon Musk attends first cabinet meeting of Trump’s second term amid chaos and confusion caused by his efforts to cull the federal government workforce. Trump’s first full cabinet meeting ...The Guardian - 1d -
VA pauses billions in cuts lauded by Musk as lawmakers and veterans decry loss of critical care
The Department of Veterans Affairs has temporarily suspended billions of dollars in contract cuts after an uproar that critical veterans health services were harmed, lawmakers and veterans service ...ABC News - 1d -
CFPB moves to drop suit accusing Capital One of cheating customers out of $2 billion
The Consumer Financial Protection Bureau is moving to drop a suit against Capital One brought during the Biden administration just last month that accused the bank of cheating customers out of a ...NBC News - 1d -
ICE signs $1 billion contract with private firm for New Jersey detention center
The U.S. Immigration and Customs Enforcement (ICE) said Wednesday it would reopen a 1,000-bed New Jersey detention center after signing a $1 billion contract with a private global lender. ICE will ...The Hill - 18h -
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Index funds saved billions in fees. Now the industry wants its money back.
Innovations may be a costly trapFinancial Times - 13h -
Trump says a minerals deal with Ukraine is worth billions. It might not be as valuable as he hopes
Analysts questions the size of Ukraine's natural resources deposits, how accessible they are and easy to extract, and the ultimate value of a potential deal.CNBC - 3h -
Trump tariffs will hit over $200 billion in U.S.-Canada-Mexico cross-border rail trade
Over $200 billion in trade is carried by freight rails between the US, Canada and Mexico, with auto parts, oil, lumber, ag, and chemicals linking the economies.CNBC - 2h -
Mira Murati Launches Thinking Machines Lab to Make AI More Accessible
After leaving OpenAI last year, Mira Murati is finally ready to share what she's working on.Wired - Feb. 18
