SoftBank in talks to invest up to $25 billion in OpenAI
SoftBank is in talks to invest up to $25 billion in OpenAI, which would make it the company’s biggest backer, CNBC has confirmed.
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Trump says US will send some migrants to Guantanamo Bay
The president orders the construction of a detention facility at the US Navy base, prompting an angry backlash from Cuba.
Zuckerberg says Meta won’t slow down AI spend despite DeepSeek’s breakthrough
Meta CEO Mark Zuckerberg said China-based DeepSeek has created a powerful artificial intelligence model, but it won’t likely curb Meta’s AI spending.
Australians paid 10% more in bank fees last year, reserve bank says
Rise was partly due to more households using their credit and debit cards overseas as travel bounces back, analyst from central bank says Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Australian households paid almost 10% more in bank fees in the 2023/24…
Microsoft’s Cloud Computing Business Hits a Speed Bump – The Wall Street Journal
Microsoft’s Cloud Computing Business Hits a Speed Bump The Wall Street Journal Microsoft delivers an earnings beat but misses where it matters most CNBC Microsoft’s cloud sales disappoint as it struggles to meet AI demand Financial Times Microsoft Q2 cloud revenue falls short of expectations, sending stock lower Yahoo Finance Microsoft’s Earnings Beat Estimates Barron’s
Tesla’s CFO says tariffs would ‘have an impact’ on company’s profitability
Tesla’s finance chief said on Wednesday that the company’s profitability could take a hit if the new presidential administration implements tariffs.
India’s finance minister faces a tough choice crafting the annual budget — boost growth or cut deficit?
This is the coalition government’s first full-year budget after its assuming power in June.
Australia stocks extend gains after Wall Street declines overnight; most Asia markets closed for holiday
Australia is slated to release its data on its exports and imports for the fourth quarter later in the day.
‘I lost purpose’: At 27, he sold his company for $100 million — now, he says it’s changed his view on money
“It was great at first, because I was just enjoying being in the moment. But at some point … it just felt like Groundhog Day,” says 33-year-old Jake Kassan.
IBM shares rise 9% on earnings beat
In a statement, IBM CEO Arvind Krishna said the company has recorded $5 billion in bookings for its generative AI business.