SoftBank Group shares plunged over 8% on Friday, marking the third straight day of declines. The selloff comes after the Japanese investment giant disclosed it sold its entire stake in Nvidia for $5.83 billion in October.
Two months after 300 South Korean nationals were detained in a Georgia immigration raid, some have returned to work at Hyundai’s electric vehicle manufacturing site. The workers were originally detained for expired visas or working on visa waivers. Construction has now resumed on the battery plant w
Despite widespread fears about AI replacing workers, new research from Bank of America Institute finds minimal evidence of job displacement. The data shows a weak correlation between AI adoption and employment changes, with some sectors even showing positive relationships. The findings suggest we’re
Amazon has officially rebranded its Project Kuiper satellite internet constellation to Amazon Leo. The company is now signing up corporate customers and plans to launch service in 2026 with over 3,200 satellites in low Earth orbit.
Tesla appears to be reversing its long-standing position against Apple CarPlay support. The move comes despite CEO Elon Musk’s previous objections and even lawsuits against Apple. Other automakers are moving in the opposite direction, making Tesla’s potential shift particularly notable.
Michael Burry, famous for predicting the 2008 housing crisis, is shutting down his Scion Capital hedge fund. He warns of an AI bubble and alleges companies are manipulating chip depreciation schedules to inflate earnings.
European Union officials are circulating draft plans to significantly expand the direct oversight powers of the European Securities & Markets Authority. The watchdog would gain authority over “significant” clearing houses, depositories, trading venues, and crypto firms. An independent executive boar
IBM unveiled two new quantum processors that could deliver quantum advantage by 2026. The Nighthawk chip will feature 120 qubits, while experimental Loon processor demonstrates key fault-tolerant components. Both represent IBM’s ambitious timeline to beat competitors in the quantum computing race.
Cerebras is partnering with Guyana’s government to build a 100MW AI data center, the first under its new “Cerebras for Nations” initiative. The facility will be powered by nearby gas-to-energy infrastructure and deploy Cerebras’ CS-3 AI clusters. This marks Guyana’s entry into the data center market
New research reveals tariffs are masking underlying inflation that’s actually at the Federal Reserve’s target. This could mean faster interest rate cuts, but the Fed faces a tricky policy decision about whether to ignore temporary price hikes.
