$30 Billion Anchor: SoftBank Uses Nvidia Cash to Drop a Massive Bet on OpenAI
The $30 billion figure now stands as the new anchor of SoftBank’s strategy, a commitment so large it required the sale of its $5.8 billion stake in Nvidia. This...
“Unfair” Advantage: US Bike and Can Makers Demand Global Tariffs
Citing an "unfair" advantage for foreign competitors, American companies like Guardian Bikes and Red Gold have petitioned the US government for new tariffs on 700 imported goods. In detailed...
Google’s Gemini: The $1B ‘Behind-the-Scenes’ Engine for Apple’s Siri
Google's Gemini AI is set to become the $1 billion-a-year "behind-the-scenes" engine for Apple's Siri. This deal, a major victory for Google, will embed its 1.2 trillion parameter model...
“Total Size” of $1T Musk Pay Package Sparks Rejection from $17bn Shareholder
The "total size" of Elon Musk's proposed $1 trillion pay package has become the central point of contention, leading Norway's sovereign wealth fund to reject it.
The fund, which holds...
China’s Refiners Guessing After “Muddled” Trump-Xi Talks
The high-stakes meeting between Donald Trump and Xi Jinping has created a "muddle" for the global oil market. Chinese refiners were left guessing as the leaders' official readouts failed...
The $100B Nvidia-OpenAI Deal: Proof of a Boom or a “Circular” Bubble
At the heart of the intense debate over Nvidia's new $5.05 trillion valuation is its landmark $100 billion deal with OpenAI. How one views this single deal largely determines...