SoftBank obtains a $40 billion loan to increase its investments in OpenAI.
SoftBank Group said on Friday that it has obtained a $40 billion bridge loan to support investments in OpenAI, the company that makes ChatGPT, as
African nations to borrow $155 billion in long-term commercial debt this year, S&P says.
A survey by S&P Global Ratings shows African countries are anticipated to borrow $155 billion in long-term commercial debt this year, a 10% increase over
Amazon fined $2.5 billion for duping millions of customers with Prime subscription. – FTC.
A historic order has been obtained by the Federal Trade Commission from Amazon.com, Inc., Senior Vice President Neil Lindsay, and Vice President Jamil Ghani. This
Equitable and Corebridge are negotiating a merger to establish a $22 billion insurer.
Equitable and Corebridge are in talks to merge in an all-stock merger that would create a $22 billion retirement, asset management, and wealth management juggernaut.
BlackRock CEO Fink raises alarm of a “global recession” if oil hits the $150 benchmark.
BlackRock CEO Larry Fink said oil prices might hit $150 per barrel and trigger a “global recession” if Iran “remains a threat” even after the
International Energy Agency head claims that the Iran War poses a “major, major threat” to the world economy.
The head of the International Energy Agency stated on Monday that the war in Iran poses a “major, major threat” to the world economy. Fatih
U.S. jury found Musk liable to Twitter shareholders in a fraud action involving the $44 billion buyout.
Elon Musk was held responsible by a U.S. federal jury on Friday for allegedly defrauding Twitter shareholders by attempting to lower the company’s stock price
China’s Alibaba targets $100 billion in AI and cloud over demand boom.
Alibaba Group, the largest technology company in China, announced on Thursday that it will use the surge in AI demand to drive its aim of
African nations to borrow $155 billion in long-term commercial debt this year, S&P says.
A survey by S&P Global Ratings shows African countries are anticipated to borrow $155 billion in long-term commercial debt this year, a 10% increase over
Nvidia’s CEO anchors the next phase of the AI boom on “inference inflection” with $1 trillion in orders.
On Monday, Jensen Huang, CEO of Nvidia, expounded on his strategy for maintaining his company’s leadership in the artificial intelligence boom, which he projected will
Poland becomes the world’s 20th largest economy with over $1 trillion in annual output.
Poland’s residents were paid a tenth of what West Germans made, and the country rationed grain and sugar a generation ago. With an annual production
Trump aims to close the $1.6 trillion revenue shortfall with a plethora of new tariffs.
The Supreme Court’s ruling to overturn some of the president’s import taxes destroyed almost $1.6 trillion in lost tariff income, and this week the Trump
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