src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-8050569412065003" crossorigin="anonymous">[/script]

OpenAI rejects Musk’s takeover offer, says it was ‘not a bid at all’ newsthirst.

Sam Altman, left, and Elon Musk. Muhammed Selim Korkutata | Anadolu | Getty Images OpenAI has officially rejected Elon Musk’s proposal to buy the artificial intelligence startup’s nonprofit parent for $97.4 billion. In a short letter to Musk’s lawyer Friday, OpenAI’s attorney, William Savitt, said the OpenAI board had reviewed the proposal and determined that…

Read More

Stock pickers are on record run. Don’t be fooled, says index fund guru newsthirst.

Stock picking looks easy, but the numbers prove it isn’t. S&P Global reports that after one year, 73% of active managers underperform their benchmarks. After five years, 95.5% of active managers miss the mark. After 15 years, nobody outperforms. That is not going to change, according to Charles Ellis, a veteran investment industry figure and believer in the…

Read More

Trump metal tariffs could slow data center growth and disrupt power grid, analyst says newsthirst.

President Donald Trump’s steel and aluminum tariffs could slow data center growth by exacerbating the shortage of key components in the electric grid, according to a leading commodity analyst at Carlyle. Big Tech missed Wall Street expectations for their cloud segments last week due in part to a shortage of transformers, said Jeff Currie, chief…

Read More