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Uber commits $10B to expand Robotaxi fleet and equity, challenging Tesla and Waymo dominance.
Uber plans to invest $10 billion in its Robotaxi business, allocating $2.5 billion to acquire stakes in Robotaxi companies and $7.5 billion to expand its fleet starting in 2027 with over 100,000 vehicles. The company is partnering with firms like Nur...
Retirement costs to hit $2.57M by 2043 amid rising expenses and longer retirements, saving alone won't suffice.
Goldman Sachs projects the total cost of retirement will rise to $2.57 million by 2043 due to longer retirements and increasing annual expenses. Rising fixed costs like housing, childcare, and healthcare are squeezing workers' ability to save, creati...
Anthropic buys all compute at xAI's Colossus 1 data center, signaling shift before SpaceX IPO.
Anthropic has purchased all the compute capacity at xAI’s Colossus 1 data center in Tennessee, marking a significant partnership. This move suggests xAI is shifting from training its own AI models to renting out computing power, raising questions abo...
Semiconductor stocks hit highest RSI since Dot-com bubble, sparking correction fears amid AI chip demand surge
Semiconductor stocks tracked by the PHLX Semiconductor Index have reached a weekly Relative Strength Index (RSI) of 85.54, the highest since the Dot-com bubble era, signaling extreme overbought conditions. This surge is driven by booming demand for A...
Credo Technology Group shows hypergrowth with FY25 revenue forecast at $437M and strong AI infrastructure positioning.
Credo Technology Group is a key player in AI infrastructure, specializing in high-speed, power-efficient data movement for major data centers. Its advanced technology in areas like optics and telemetry has led to strong adoption by hyperscalers. Fina...
Bernie Sanders warns Iran war costs could exceed $1 trillion, impacting every US household.
Senator Bernie Sanders criticized the Trump Administration's estimate that the Iran war would cost $25 billion, calling it misleading. He warned the actual cost could surpass $1 trillion, placing a heavy financial burden on American households. Sande...
Big Tech's AI spending cuts stock buybacks, Goldman Sachs sees only 3% S&P 500 buyback growth in 2026
Big Tech companies like Amazon, Alphabet, Meta, Microsoft, and Oracle are increasing their AI-related capital expenditures by 83% to $755 billion in 2026. This surge in spending on data centers and AI infrastructure has led to a nearly two-thirds red...
Inflation rises again due to oil prices; Fed likely holds rates, ECB and BOE may tighten.
Inflation is accelerating again, driven mainly by rising oil prices, with April CPI expected to increase 0.6% month-over-month and 3.7% year-over-year. Markets currently expect the Federal Reserve to maintain interest rates without cuts, while the Eu...
Apple leads AI by leveraging ecosystem and privacy, focusing on services over hardware race.
Apple is positioning itself as a key player in the AI ecosystem by focusing on monetizing AI through its vast installed base, ecosystem lock-in, and strong privacy reputation rather than competing in the capital-heavy AI model training race. The comp...
Google merges Android and ChromeOS into Aluminum OS for a powerful, integrated laptop experience.
Google is combining Android and ChromeOS into a new operating system called Aluminum OS, which integrates the full Chrome browser directly into Android. This merger aims to create a more powerful and flexible platform that supports native Android app...