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Broadcom Earnings: AI Chip Sales Tripled. Here’s the $34.8 Billion Number Investors Need to Watch.

Broadcom Earnings: AI Chip Sales Tripled. Here’s the $34.8 Billion Number Investors Need to Watch.

Broadcom recently posted third quarter results that highlight the sheer velocity of the artificial intelligence boom, reporting total revenue of 29.59 billion dollars. This represents a massive jump from the nearly 16 billion recorded during

Business
Yen jumps to one-month high as traders weigh chance of further intervention

Yen jumps to one-month high as traders weigh chance of further intervention

The Japanese yen surged to its strongest level in a month on Thursday, jumping more than one percent against the U.S. dollar as investors braced for potential government intervention and anticipated upcoming interest rate hikes

Business
Dutch central bank moves 86 tonnes of gold from U.S., Canada to London

Dutch central bank moves 86 tonnes of gold from U.S., Canada to London

De Nederlandsche Bank has shifted eighty six tonnes of its gold reserves from New York and Ottawa to London in a strategic move designed to bolster its crisis preparedness. According to the Dutch central bank,

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Dutch central bank moves gold bars out of U.S. and Canada, citing ‘crisis preparedness’

Dutch central bank moves gold bars out of U.S. and Canada, citing ‘crisis preparedness’

The Dutch central bank has quietly relocated roughly 86 metric tons of gold from vaults in the United States and Canada to the United Kingdom, a move officials say is designed to bolster the nation's

Business
Fed Governor Waller indicates he will support holding rates steady at September meeting

Fed Governor Waller indicates he will support holding rates steady at September meeting

Federal Reserve Governor Christopher Waller signaled on Thursday that he is leaning toward maintaining current interest rates at the central bank's upcoming September meeting, provided that incoming economic data remains stable. In a candid conversation

Business
Nvidia to buy AI platform Hugging Face for nearly $13B

Nvidia to buy AI platform Hugging Face for nearly $13B

Nvidia has announced a massive move to solidify its dominance in the artificial intelligence landscape with plans to acquire the developer platform Hugging Face for approximately 12.9 billion dollars. The deal, which includes roughly 11.9

Business
Microsoft discloses Azure revenue as part of major financial reporting changes

Microsoft discloses Azure revenue as part of major financial reporting changes

Microsoft is shaking up its financial reporting strategy to better align with the era of artificial intelligence, moving toward a simplified structure that offers investors an unprecedented look at its core operations. Starting in late

Business
GPT-6 Astra Is Here—and OpenAI Thinks It May Kick Off the AGI Era

GPT-6 Astra Is Here—and OpenAI Thinks It May Kick Off the AGI Era

OpenAI has officially pulled back the curtain on its latest powerhouse, GPT-6 Astra, a model the company describes as a massive leap forward in how machines interact with the digital world. According to recent announcements,

Business
Tesla unveils new Cybercab robotaxi at exclusive Austin event. Follow along here.

Tesla unveils new Cybercab robotaxi at exclusive Austin event. Follow along here.

Downtown Austin became the center of the automotive world on Thursday as Tesla officially launched the Cybercab, a move intended to pivot the company from a traditional electric car manufacturer toward an artificial intelligence powerhouse.

Business
Tesla is asking people if they want to buy and run Cybercab fleets

Tesla is asking people if they want to buy and run Cybercab fleets

Tesla is signaling a potential shift in its ambitious robotaxi strategy by inviting outside businesses to express interest in purchasing and managing Cybercab fleets. In a newly published form released ahead of a major event