A wave of automakers has cancelled plans to produce electric vehicles in the U.S., responding to slow sales of the cars. But Volvo Cars, an automaker owned by Chinaâs Geely Group, is boosting its EV manufacturing plans at its South Carolina plant, a move that could be a model for other Chinese automakers amid a potential thaw in U.S.-China relations. Next year, Volvo will begin producing its midsize plug-in XC60... Read more âș
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Nvidia has committed to investing the first $10 billion of a planned $100 billion investment in OpenAI at the startupâs recent $500 billion valuation and then will make the remaining staggered investments at future valuations, according to a person with direct knowledge of the plans. The chip ... Read more âș
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Humanoid robotics startup 1X has told investors and employees it is trying to raise as much as $1 billion, according to three people who spoke to CEO Bernt Ăivind. The decade-old company is aiming for a valuation of at least $10 billion, BĂžrnich said, or more than 12 times its previous valuation from a January financing, according to one of the people. The move comes as large firms such as... Read more âș
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OpenAI loves to make grand announcements. Earlier this year we had the hoopla about its Stargate data center venture, worth up to $500 billion. Today the ChatGPT creator announced a letter of intent to form a strategic partnership with Nvidia to âbuild and deployâ artificial intelligence data centers holding âmillionsâ of Nvidiaâs AI chips. To help pay for this, Nvidia will invest up to $100 billion in OpenAI. Nvidia must... Read more âș
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A raft of venture-backed startups are emerging to offer high-tech consultants for businesses needing help with artificial intelligence, posing competition for companies like Palantir and McKinsey & Co. that specialize in high-priced consulting services. One is Distyl AI. The three-year-old startup provides companies like T-Mobile with whatâs known as forward-deployed engineers and AI software that automates business processes such as analyzing customer data or managing HR functions. Founded by former... Read more âș
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Coinbase CEO Brian Armstrong said he wants to develop a super app for customers that would provide an array of financial services such as cards and payments beyond crypto trading. âUltimately we want to be a bank replacement for people,â Armstrong told Fox Business last Friday. âWe want to be ... Read more âș
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The second phase of Googleâs second antitrust caseâthis one around its ad tech operationsâopened in a Virginia courthouse on Monday. In April, a district judge found Google monopolized the market for technology that helps websites sell ads, and the trial that is on this week will help decide how ... Read more âș
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Nvidia and OpenAI said Monday they had signed a strategic partnership in which the chip designer will invest up to $100 billion over time in the ChatGPT maker as it increasingly buys access to Nvidiaâs artificial intelligence chips. The unprecedented agreement, while devoid of details, answers a ... Read more âș
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A Federal Trade Commission lawsuit against Amazonâs alleged use of deceptive practices to lock consumers into its Prime subscription goes to trial this week in a Seattle court. In the lawsuit, which the FTC filed in 2023, the commission alleges that Amazon violated consumer protection laws by ... Read more âș
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As Western artificial intelligence developers accelerate international expansion, Japan, the worldâs fourth-largest economy, is shaping up to be a key battleground. ChatGPT and Gemini are already popular there. Anthropic is preparing to open a Tokyo office after appointing a Japan country head last month. Canada-based Cohere also hired a Japan country manager last month.But Japanâs government and domestic AI companies are ramping up their efforts too. Last week, a government-funded... Read more âș
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Crypto stormed into the traditional financial system over the past four months, wedging itself deeper than ever into banking and the stock market. The head-spinning changes created billions in profits for the industry and added more risks for investors and regulators. The changes came so fast that they were hard to keep straight. Weâve rolled back the clock to help readers catch up on the four big trends that drove... Read more âș
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Oracle CEO Safra Catz is stepping aside, to be replaced by a pair of co-CEOs, including the chief of its cloud business, Clayton Magouyrk. His promotion confirms how cloud has become Oracleâs most important business. Also serving as CEO will be Michael Sicilia, who has held various roles in ... Read more âș
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President Donald Trump is expected to sign an executive order this week outlining the structure of a proposed deal for a group of investors to take over TikTokâs U.S. operations, according to a White House official. Under the plan, a new joint-venture company will be created to run TikTok U.S., ... Read more âș
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President Donald Trump said Sunday that media executives Rupert and Lachlan Murdoch are likely to be part of a group of investors planning to take over TikTokâs U.S. operations. In an interview on Fox News, Trump said billionaires Larry Ellison and Michael Dell are part of the consortium of ... Read more âș
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Some of the tech industryâs largest employers warned foreign staffers to stay in the U.S. or return immediately after President Donald Trump announced a plan Friday to impose a $100,000 fee on H-1B worker visas. But in a sign of the chaotic roll-out of the policy, the White House on Saturday ... Read more âș
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A new company overseeing TikTokâs U.S. operations will be majority-owned by U.S. investors, with six of seven board seats going to Americans, White House Press Secretary Karoline Leavitt said in an interview on Fox News Saturday. The comments come after President Donald Trump said Friday that ... Read more âș
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Welcome, Weekenders! In this newsletter:âą The Big Read: Muskâs Memphis supercomputer fixer  ⹠The Arena: The highlightification of sports. ⹠The Top 5: Tech elites turn to luxury matchmakers to find love.âą Plus, our Recommendations: âHome Cooking,â âThe Worldâs Worst Bestâ and âThree Days of the Condor.â It definitely wasnât the opening question Carlos Alcaraz was expecting.As I sat four feet from the world no. 1 tennis playerâand full disclosure,... Read more âș
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Late last week, NBA Commissioner Adam Silver inadvertently went viral on social media with a passing comment that quickly got under the skin of basketball fans. When asked during a press conference about how expensive being an NBA fan has becomeâmainly due to fragmented TV broadcasts and streaming price hikesâpart of Silverâs response was that there are many free ways to watch, including via Instagram and TikTok. âThis is very... Read more âș
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Thereâs a big public breakup underway: People are dumping their dating apps. Over the past year, Bumble lost nearly 9% of its paying users, the company reported in its earnings report last month. Match Group, meanwhile, saw about 5% of paying users abandon its flagship apps, including Tinder and Bumble, during the same period. âThe companies havenât innovated to keep products up to date with what current users are looking... Read more âș
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BitGo filed for an initial public offering on Friday, becoming the first crypto custodian to go public in the U.S. Founded in 2013, BitGo is one of the largest crypto custody firms in the U.S., with $90.3 billion assets on platform. Crypto custodians safekeep crypto assets for clients, ... Read more âș
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16.05.2026 09:11
Last update: 09:05 EDT.
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