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Jury rules against Elon Musk in $150 billion lawsuit against OpenAI and Sam Altman
An Oakland, Calif., jury rejected Elon Musk’s claims against OpenAI and its CEO Sam Altman, after just two hours of deliberation on Monday and three weeks of testimony.The nine-person jury did not rule on the merits of Musk’s complaint that OpenAI violated its original nonprofit structure by evolving into a for-profit corporation, and instead said that Musk had not filed his lawsuit within…
NextEra’s $67 billion Dominion takeover creates the world’s largest utility—just in time to win the AI data-center power surge
NextEra Energy’s massive $67 billion deal to acquire Virginia-based Dominion, announced on May 18, will effectively build the world’s largest utility in a bid to dominate the AI data center boom. It’s a goal big enough that NextEra was willing to pay a hefty premium—and risk overpaying—to make it happen.On a call with analysts, NextEra chairman and CEO John Ketchum…
Meet the California cheese mogul who turned to AI agents to save his iconic $50 million business
Larry Peter has as much personality as the cheeses that once made Julia Child melt. He once sold cheese out of a woodshed he built next to a schoolhouse he bought from Sonoma High School for a dollar and now he owns a 113-year-old facility — three city blocks in the heart of Sonoma County — that he bought in…
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Nvidia’s Stock Soars After Record Earnings and AI Chip Demand Surge
The tech world is abuzz after chipmaker Nvidia (NVDA) released a stellar…
India Revs Up EV Industry: New Policy to Attract Investment
Buckle up, India! The Indian government has shifted into high gear with…
UBS Recommends European Stocks Over US: A Shift in Investment Strategy
In a surprising shift, investment banking giant UBS urges investors to focus…
US Stock Market Watch: Earnings Season Spotlight on Walmart and Market Trends
It's a pivotal week for the US stock market as earnings season…
Chinese EV Makers Brace for Impact: Potential US Tariffs Shake Industry
Chinese electric vehicle (EV) makers feel the shockwaves of a potential US…
Understanding the Recent Turbulence in the Indian Stock Market: Causes and Strategies
The Indian stock market has witnessed a period of turbulence, with the…
Namdev Finvest Secures $15 Million in Series B Funding for Expansion Plans
Jaipur-based non-banking financial company (NBFC) Namdev Finvest has secured a fresh infusion…
AWS Invests $9 Billion in Singapore: Boosting Cloud Infrastructure and AI Development
Amazon Web Services (AWS), the company's cloud computing behemoth, has announced a…
Hong Kong Retail Traders Face $1.6 Billion Loss as Structured Notes Wiped Out Amid Stock Slump
Retail traders in Hong Kong experienced a setback as $1.55 billion worth of leveraged derivatives, particularly structured notes, were wiped out during the recent stock market downturn. This event intensified…
