Technology
- Nvidia shares are down 2% after a report that its OpenAI investment stalled. Here's what's happening - Nvidia's Jensen Huang criticized OpenAI's business strategy as the chip giant plans to invest up to $100 billion into the AI startup, per reports.
- Bitcoin is under pressure after a brutal week. Here's why - Cryptocurrency markets fell as global equities and precious metals sold off while bitcoin liquidations exacerbated downside moves.
- Oracle dips 3% after announcing $50 billion fundraising plans. Here's why - The tech giant has invested huge sums in the AI infrastructure buildout in recent times
- From Clawdbot to Moltbot to OpenClaw: Meet the AI agent driving buzz and fear globally - OpenClaw, formerly known as Clawdbot and Moltbot, has generated massive buzz from Silicon Valley to Beijing due to its impressive capabilities, but also its quirks and risks.
- Epstein files show Elon Musk apparently discussed plans to visit sex offender's island, host him at SpaceX - Elon Musk corresponded with Jeffrey Epstein in 2012 and 2013, according to newly released files, and sought to visit Epstein's island and host him at SpaceX.
- Fireblocks CEO says North Korea-linked job recruitment scam targeted LinkedIn profiles - CEO Michael Shaulov said hackers, especially those with ties to North Korea, have been evolving at "lightspeed" because of AI.
- Apple sales surge 16% on ‘staggering’ iPhone demand - Apple reported fiscal first-quarter earnings on Thursday that surpassed expectations, with revenue soaring 16% on an annual basis.
- Meta rises 8%, Microsoft sinks 11% as megacap tech stocks diverge after earnings - Meta jumped, while Microsoft plunged post-earnings as investors hunt for signs that big AI investments are paying off.
- Meta's Mark Zuckerberg gets green light from Wall Street to keep pouring money into AI - Meta's stock pop following the company's latest earnings beat is a sign that investors are OK with hefty AI spending as long as the core business stays strong.
- World’s largest sovereign wealth fund posts record $1.4 billion annual return, driven by tech and banking rally - Norway's $2 trillion sovereign wealth fund holds stakes in many of the world's biggest companies, including Apple, Nvidia and JPMorgan Chase.