Elon Musk is casting doubt on the first major tech investment announcement made by President Trump, openly questioning the administration he now serves. On Tuesday, Mr. Trump announced a joint venture between OpenAI, SoftBank and Oracle to create at least $100 billion in computing infrastructure to power artificial intelligence, some of which is already underway….
Toyota Motors’ trucking unit has agreed to plead guilty to criminal charges and pay $1.6 billion in civil and criminal penalties for fraudulently concealing excess emissions from diesel engines sold in the United States, the Environmental Protection Agency said Wednesday. For more than a decade, Hino Motors, a Toyota subsidiary, submitted false testing data to…
Synthesia is a platform that lets users create AI-generated clips with human avatars that can speak in multiple languages. Synthesia LONDON — Synthesia, a video platform that uses artificial intelligence to generate clips featuring multilingual human avatars, has raised $180 million in an investment round valuing the startup at $2.1 billion. That’s more than than double…
Jakub Porzycki | Nurphoto | Getty Images Business moguls such as Elon Musk should be prepared to spend tens of billions of dollars for TikTok’s U.S. operations should parent company ByteDance decide to sell. TikTok is staring at a potential ban in the U.S. if the Supreme Court decides to uphold a national security law…
Saudi Energy Minister Abdulaziz bin Salman speaks during the annual Future Investment Initiative (FII) conference in Riyadh on October 29, 2024. Fayez Nureldine | Afp | Getty Images RIYADH, Saudi Arabia — Saudi Arabia is pushing ahead to put itself on the global critical minerals map, announcing a number of deals, investment plans and discoveries…
FILE PHOTO: Signage is seen outside a Capital One Bank in Manhattan, New York, U.S., November 12, 2021. Andrew Kelly | Reuters The Consumer Financial Protection Bureau announced Tuesday that it was suing Capital One for misleading consumers about their savings account interest rates and “cheating” them out of more than $2 billion in interest….
The Moderna Inc. headquarters in Cambridge, Massachusetts, US, on Tuesday, March 26, 2024. Adam Glanzman | Bloomberg | Getty Images Moderna on Monday lowered its 2025 sales guidance by roughly $1 billion due to a few potential headwinds later this year, as the biotech company continues to cut costs and expand its portfolio. Moderna now…
Dario Amodei, co-founder and CEO of artificial intelligence startup Anthropic. Chesnot | Getty Images Anthropic, the artificial intelligence startup founded by former OpenAI research executives, is in late-stage talks to raise as much as $2 billion at a $60 billion valuation, CNBC has confirmed. The funding round is being led by Lightspeed Venture Partners, according…
Vice Chair and President at Microsoft, Brad Smith, participates in the first day of Web Summit in Lisbon, Portugal, on November 12, 2024. The largest technology conference in the world this year has 71,528 attendees from 153 countries and 3,050 companies, with AI emerging as the most represented industry. (Photo by Rita Franca/NurPhoto via Getty…
A building at Nippon Steel’s East Nippon Works Kashima Area facility in Kashima, Ibaraki prefecture, north of Tokyo on Dec. 6, 2024. Richard A. Brooks | Afp | Getty Images U.S. President Joe Biden has decided to block Nippon Steel’s $14.9 billion takeover bid of U.S. Steel, The Washington Post reported on Friday, citing two…
