Business
optional screen reader
Meta Announces Major AI Chips Deal With AMD—Months After Chipmaker’s Similar Move With OpenAI
Meta announced a massive deal with AMD on Tuesday, which would see the social media giant agree to purchase six gigawatts of processors for AI from the semiconductor manufacturer and possibly acquire stock worth up to 10% of the company—very similar to a deal AMD struck with OpenAI last October.
-
Paramount Submits Higher Offer for Warner Bros.
The new bid improves on the $30-a-share, all-cash proposal that Paramount took directly to Warner Bros. shareholders on Dec. 8 and addresses some of the company’s concerns with previous offers.
Latest Business
Elon Musk Merges SpaceX With His A.I. Start-Up xAI
The deal further intermingles Mr. Musk’s companies and creates the most valuable private company on earth.
- By
Who Is Kevin Warsh? Trump’s Fed Chair With Family Ties To Billionaire GOP Donor
President Donald Trump on Friday announced he will nominate Kevin Warsh—a former Federal Reserve governor—as his pick to succeed Jerome Powell as the chair of the central bank.
- By
Spotify in freefall, boss lashes out
Spotify has addressed concerns about artist royalties just days after it was revealed that the company’s stock had dropped over 40% in the last six months.
Why Saks collapsed while the rest of luxury retail is growing
Department stores are increasingly being left behind as luxury brands connect directly with customers, both online and in boutiques.
- By
China Announces Record Trade Surplus as Its Exports Flood World Markets
China’s surplus reached $1.19 trillion last year, a 20 percent increase from 2024, as Beijing kept the currency weak and pursued self-reliance to replace imports.
Trump announces one-year 10% cap on credit card interest rates
But critics expressed doubt that president can implement such a move without approval from Congress
- By
