Latest in Billion Minister
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Treasury Department uses AI to recover $1 billion in fraud
The Treasury Department is taking advantage of artificial intelligence (AI) to prevent or recover check fraud and stopped more than $1 billion in fraudulent payments over the past year, the agency ...Politics - The Hill - October 17 -
Trump's plan to deport millions of immigrants would cost billions
Former President Donald Trump is doubling down on his promise to carry out the largest mass deportation effort in American history.Top stories - CBS News - October 17 -
Intel seeks billions for minority stake in Altera business, sources say
This move that would represent a sharp about-face from its earlier public messaging about the larger company's prospects.Business - CNBC - October 18 -
Intrum seeks U.S. bankruptcy protection to restructure $4.7 billion net debt
Intrum, Europe's biggest debt collector, said on Friday it will file for voluntary Chapter 11 bankruptcy protection in the United States as it seeks to restructure its own finances. The company ...Sports - Yahoo Sports - October 18 -
Biden administration announces $2 billion in funds to strengthen electric grid
The Biden administration on Friday announced $2 billion in funding for projects to strengthen the resilience of the U.S. grid against extreme weather, an increasing concern following two ...Politics - The Hill - October 18 -
Perplexity AI Hopes to Double Its Valuation to $8 Billion
The Jeff Bezos-backed AI company is looking to raise around $500 million in its new funding round.Business - Inc. - October 20 -
Perplexity AI seeks valuation of about $9 billion in new funding round
Perplexity started the year with a roughly $500 million valuation and has continued attracting significant investor interest alongside the generative AI boom.Business - CNBC - October 21 -
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Lucid CEO defends $1.75 billion capital raise following stock drop
Peter Rawlinson said the raise was a timely, strategic business decision to ensure the EV maker has enough capital for its ongoing operations and growth plans.Business - CNBC - October 22 -
Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise
DETROIT — Investors misinterpreted a public offering last week by Lucid Group that raised roughly $1.75 billion — and led to the stock’s worst daily performance in nearly three years — CEO Peter ...Top stories - NBC News - October 21 -
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SAP Gains $26 Billion in Market Value, Surging Past ASML
The German business-software company’s shares climbed more than 5% after it raised its revenue and earnings forecasts for the year on strong demand for AI.Business - The Wall Street Journal - October 22 -
Boeing reports $6.1 billion loss as strike takes toll on plane maker
Boeing reported a massive third-quarter loss, partly due to billions in charges from its airline programs as well as the current strike.Top stories - CBS News - October 23 -
Boeing reports $6 billion loss ahead of pivotal union vote
Boeing reported losses topping $6 billion last quarter as voting kicks off Wednesday on a labor contract that could put an end to a weeks-long strike that has crippled the aviation giant. “It will ...Politics - The Hill - October 23 -
G7 Finalizes $50 Billion Ukraine Loan Backed by Russian Assets
The economic lifeline is expected to be disbursed by the end of the year.Business - The New York Times - October 24
