Former Goldman Sachs CEO says he ‘smells’ a 2008-style crisis brewing — could your 401(k) get caught in the crossfire?
The man who steered Goldman Sachs through the last financial crisis thinks the next one may already be…
SpaceX to compete in Pentagon contest for autonomous drone tech, Bloomberg News reports
Feb 16 (Reuters) – Elon Musk’s SpaceX and its wholly-owned subsidiary xAI are competing in a secret new…
AI Risk Is Dominating Conference Calls as Investors Dump Stocks
(Bloomberg) — In what’s turning out to be a great quarter for corporate earnings growth, company executives and…
Perplexity signs $750 million AI cloud deal with Microsoft, Bloomberg News reports
Jan 29 (Reuters) – AI startup Perplexity has signed a $750 million agreement with ​Microsoft to use its…
Meta Begins Job Cuts as It Shifts From Metaverse to AI Devices
Photographer: David Paul Morris/Bloomberg (Bloomberg) — Meta Platforms Inc. is beginning to cut more than 1,000 jobs from the company’s…
Reliance Industries pauses battery cell plans in India, Bloomberg News reports
Jan 12 (Reuters) – India’s Reliance Industries has paused plans to manufacture lithium-ion ​battery cells in India after…
SoftBank Eyes Data Center Group Switch as Son Hunts for AI
Source: Switch Inc. (Bloomberg) — SoftBank Group Corp. is studying potential acquisitions including data center operator Switch Inc.,…
US Plans to Approve Sale of Chips to Saudi AI Venture Humain
Guests stand at the booth of Saudi artificial intelligence company Humain during the Future Investment Initiative conference in…
Trump Administration Moves to Accelerate AI Power Hookups
Fiber optic data cables. Photographer: Andrey Rudakov/Bloomberg (Bloomberg) — The Trump administration is pushing regulators to dramatically accelerate…
Novo plans online launch for obesity pill once approved, Bloomberg News reports
(Reuters) -Danish drugmaker Novo Nordisk said it plans to make its new obesity pill available through telehealth platforms…
China’s Labor Market Distress Spreads at Worst Time for Deflation Fight
An employee on the production line at a facility in Jiuquan, Gansu province, China. (Bloomberg) — China’s labor…
Netskope IPO In Demand as AI Era Heightens Cyber Threats
(Bloomberg) — Fears that artificial intelligence will force companies to spend more on security software are helping to…