Exclusive: SoftBank races to fulfill $22.5 billion funding commitment to OpenAI by year-end, sources say
SoftBank has sold Nvidia, T-Mobile stakes to fund OpenAI commitment SoftBank could tap undrawn margin loan backed by…
Qatar bets on cheap power to catch up in Gulf AI race
Qatar seeks to catch up with Saudi Arabia, UAE in Gulf AI race Qatar’s cheaper energy, deep pockets…
Exclusive: Goldman Sachs reshapes TMT investment group to focus on digital infrastructure and AI deals, memo says
Dec 15 (Reuters) – Goldman Sachs (GS.N), opens new tab is restructuring its influential technology, media, and telecom…
Old meets new economy: AI boom to supercharge European banks’ rally
Banks are ‘cost winners’ of AI boom, BlackRock says European banks remain undervalued, despite strong rally AI could…
BREAKINGVIEWS Britain’s malaise calls for supply-side revolution
LONDON, Dec 11 (Reuters Breakingviews) – Europe’s near-two-decade economic malaise is threatening to destabilise its politics. President Donald…
Exclusive: SoftBank, Nvidia looking to invest in Skild AI at $14 billion valuation, sources say
Item 1 of 2 A NVIDIA logo is pictured on its facility at the High-tech park at Yokne’am,…
Exclusive: Baidu’s Kunlunxin, valued at close to $3 billion, eyes Hong Kong IPO, sources say
Dec 5 (Reuters) – Kunlunxin, the AI chip unit of Chinese internet search giant Baidu (9888.HK), opens new…
Africa nears record $1 trillion in state-owned assets under management
LONDON, Dec 1 (Reuters) – African state-owned institutions are now managing a record $1 trillion in assets, according…
World’s central banks are wary of AI and struggling to quit the dollar, survey shows
Central banks cautious about AI risks, survey finds AI mainly used for basic tasks, not core operations Dollar…
US slashes 36% off Medicare spending on 15 high-priced medicines
Medicare says negotiated prices for 15 drugs to cut spending by 36% New prices to take effect in…
US government pullback from climate science fuels boom for private data firms
Earth intelligence sector revenue to exceed $4.2 billion by 2030 Concerns over data accuracy and access for those…
Investors eye holiday season turbulence amid AI and rate cut doubts
S&P 500 down 4% from Oct record high, Nasdaq off 7% from peak Volatility rising, indexes see biggest…