Chevron Picks Texas for First AI Data Center Power Project
Chevron Corp. chose West Texas as the site of its first project to provide natural gas-fired power to…
OpenAI Asks US to Expand Chips Tax Credit to AI Data Centers
Construction at the Stargate AI data center in Abilene, Texas in September. (Bloomberg) — OpenAI has asked the…
Wall Street Thrill Ride Derailed as Doubts Seize AI, Crypto Bets
The stock market didn’t crash this week. But after a seven-month spasm of retail-borne speculation, parts of the…
Economists, Business React to Canada Federal Budget: Bay Street Edition
Welcome to Bay Street Edition, our weekly newsletter devoted to what’s happening in Canadian finance, covering strategy, deals,…
Altman Says OpenAI Doesn’t Want a Government Bailout For AI
OpenAI Chief Executive Officer Sam Altman pushed back at the idea that the company would seek federal guarantees…
OpenAI CFO Says Bubble-Wary Market Needs More AI ‘Exuberance’
OpenAI Chief Financial Officer Sarah Friar suggested the market is overly focused on anxiety about a possible bubble…
Modi Tax Cut Fuels $68 Billion Festival Shopping Boom in India
India’s sweeping consumption tax cut drove shoppers to splurge on items from cars to kitchenware during the month-long…
Apple Posts Disappointing Sales in China, Marring Upbeat Report (AAPL)
Apple Inc. predicted a major sales surge during the holiday season after releasing new iPhones, helping assure investors…
L’Oréal Sales Disappoint as US Weakness Outweighs China Pickup
L’Oréal SA posted disappointing sales growth last quarter as weakness in the US outweighed signs of improvement in…
IPO market is ‘really strong,’ NYSE president says, calls for long-term focus
Good morning. Similar to the volatility observed in April, market uncertainty increased in October amid renewed concerns over…
Nvidia to Invest in Musk’s xAI as Part of $20 Billion Funding
The Elon Musk-backed artificial intelligence startup xAI is raising more financing than initially planned — including an equity…
Duolingo Faces AI Risks as Investors Reconsider Its Pricey Multiple
Duolingo Inc. is facing risks from multiple angles as investors reassess the impact of artificial intelligence on the…