OpenAI is betting big on Cerebras Systems, securing 750 megawatts of computing power through 2028 in a deal that could be worth over $10 billion. The partnership gives the AI chipmaker a crucial second major customer beyond its UAE-dependent revenue base.
Vlad Tenev is frustrated that his company can offer tokenized stocks to European customers but not Americans, as staking remains blocked in multiple states and a key crypto bill faces another delay.
Goldman Sachs reports Q4 earnings Thursday morning, with analysts expecting $11.67 per share. The bank has beaten earnings estimates nine quarters in a row and revenue estimates for 10 straight quarters. Here's how the most accurate Wall Street analysts are positioning ahead of the print.
Seattle-based Temporal Technologies is negotiating a funding round at a $5 billion valuation, just three months after it was valued at $2.5 billion. Andreessen Horowitz is reportedly leading the discussions as the AI infrastructure boom continues driving massive valuations.
Cathie Wood's research team argues Apple's decision to rely on Google's Gemini for AI isn't strategic brilliance—it's a sign the iPhone maker is floundering and has lost its innovation edge.
President Trump says he's not firing Federal Reserve Chair Jerome Powell right now, despite an ongoing DOJ criminal probe. He's eyeing Kevin Warsh or Kevin Hassett as potential replacements and plans to announce his pick within weeks.
President Donald Trump signaled he'd be comfortable with Iran's exiled crown prince Reza Pahlavi taking power if Iranians choose him, despite expressing doubts about his leadership abilities. Meanwhile, escalating protests and regime instability are sending oil prices higher as markets brace for potential supply disruptions.
SpaceX's Starlink satellite internet service has introduced a new pricing structure for US residential customers, offering three tiers ranging from $50 to $120 per month as the Elon Musk-backed venture expands its market reach.
The CNN Fear & Greed Index dropped into neutral territory as tech stocks stumbled and investors braced for a Supreme Court decision on Trump's tariffs. Chip stocks led the decline despite positive economic data and strong bank earnings.
Major financial firms are set to report earnings Thursday morning, while Taiwan Semiconductor posted strong quarterly results and Calavo Growers announced an acquisition deal.
Former House Speaker Nancy Pelosi criticizes GOP lawmakers for repeatedly bringing legislation to votes without securing enough support first, contrasting their approach with her own track record of counting votes before hitting the floor.
Nobel laureate Paul Krugman says Trump's proposed 10% credit card interest rate cap lacks legal authority and amounts to political theater ahead of midterms, pointing to the administration's past attacks on consumer protection agencies.
RF Industries posted impressive fourth-quarter results that sent shares surging over 20% in extended trading, with revenue jumping 23% and the company swinging to profitability from a year-ago loss.
Google is running into a frustrating bottleneck as it tries to expand AI infrastructure: the U.S. electrical grid simply can't keep up. Wait times to connect new data centers can stretch beyond a decade, forcing the tech giant to get creative with workarounds.
The Senate Banking Committee is pumping the brakes on landmark cryptocurrency legislation after Coinbase withdrew its backing. Chair Tim Scott says everyone's still negotiating in good faith, but the clock is ticking as midterm politics loom.
OpenAI is betting big on Cerebras Systems, securing 750 megawatts of computing power through 2028 in a deal that could be worth over $10 billion. The partnership gives the AI chipmaker a crucial second major customer beyond its UAE-dependent revenue base.
Vlad Tenev is frustrated that his company can offer tokenized stocks to European customers but not Americans, as staking remains blocked in multiple states and a key crypto bill faces another delay.
Goldman Sachs reports Q4 earnings Thursday morning, with analysts expecting $11.67 per share. The bank has beaten earnings estimates nine quarters in a row and revenue estimates for 10 straight quarters. Here's how the most accurate Wall Street analysts are positioning ahead of the print.
Seattle-based Temporal Technologies is negotiating a funding round at a $5 billion valuation, just three months after it was valued at $2.5 billion. Andreessen Horowitz is reportedly leading the discussions as the AI infrastructure boom continues driving massive valuations.
Cathie Wood's research team argues Apple's decision to rely on Google's Gemini for AI isn't strategic brilliance—it's a sign the iPhone maker is floundering and has lost its innovation edge.
President Trump says he's not firing Federal Reserve Chair Jerome Powell right now, despite an ongoing DOJ criminal probe. He's eyeing Kevin Warsh or Kevin Hassett as potential replacements and plans to announce his pick within weeks.
President Donald Trump signaled he'd be comfortable with Iran's exiled crown prince Reza Pahlavi taking power if Iranians choose him, despite expressing doubts about his leadership abilities. Meanwhile, escalating protests and regime instability are sending oil prices higher as markets brace for potential supply disruptions.
SpaceX's Starlink satellite internet service has introduced a new pricing structure for US residential customers, offering three tiers ranging from $50 to $120 per month as the Elon Musk-backed venture expands its market reach.
The CNN Fear & Greed Index dropped into neutral territory as tech stocks stumbled and investors braced for a Supreme Court decision on Trump's tariffs. Chip stocks led the decline despite positive economic data and strong bank earnings.
Major financial firms are set to report earnings Thursday morning, while Taiwan Semiconductor posted strong quarterly results and Calavo Growers announced an acquisition deal.
Former House Speaker Nancy Pelosi criticizes GOP lawmakers for repeatedly bringing legislation to votes without securing enough support first, contrasting their approach with her own track record of counting votes before hitting the floor.
Nobel laureate Paul Krugman says Trump's proposed 10% credit card interest rate cap lacks legal authority and amounts to political theater ahead of midterms, pointing to the administration's past attacks on consumer protection agencies.
RF Industries posted impressive fourth-quarter results that sent shares surging over 20% in extended trading, with revenue jumping 23% and the company swinging to profitability from a year-ago loss.
Google is running into a frustrating bottleneck as it tries to expand AI infrastructure: the U.S. electrical grid simply can't keep up. Wait times to connect new data centers can stretch beyond a decade, forcing the tech giant to get creative with workarounds.
The Senate Banking Committee is pumping the brakes on landmark cryptocurrency legislation after Coinbase withdrew its backing. Chair Tim Scott says everyone's still negotiating in good faith, but the clock is ticking as midterm politics loom.