OpenAI resets spending expectations, tells investors compute target is around $600 billion by 2030
OpenAI told investors it’s targeting roughly $600 billion in total compute spend by 2030, trying to clarify its plans after touting a $1.4 trillion figure.
Microsoft Xbox chief Phil Spencer retires, replaced by AI executive Asha Sharma
Phil Spencer is retiring from Microsoft after joining the software company 38 years ago, and will be replaced by Instacart’s former COO.
How the Supreme Court’s decision affects Apple and its $3.3 billion tariff bill
President Donald Trump’s tariffs have cost the iPhone-maker about $1 billion each quarter.
Traders brace for Trump’s new tariff plan, possible Iran attack and Nvidia earnings
Investors will assess the Supreme Court’s tariff decision and look ahead to Nvidia’s latest financial results.
Trump announces new 10% global tariff after raging over Supreme Court loss
President Donald Trump spoke hours after the Supreme Court ruled against his global tariffs that he imposed without Congress.
Trump says he’s considering limited military strike against Iran
The oil market’s biggest fear is that a conflict between the U.S. and Iran could lead to a prolonged disruption of oil flows through the Strait of Hormuz.
Fourth-quarter U.S. GDP up just 1.4%, badly missing estimate; inflation firms at 3%
The core PCE price index was expected to increase 3% from a year ago in December. GDP was projected to rise at a 2.5% pace in Q4.
The Tech Download: China’s AI surge — real threat or hype?
Tech leaders are increasingly paying attention to AI developments in the country.
Trump could attack Iran in days — what’s at stake for the oil market
President Trump has warned Iran that an attack would be “far worse” than the U.S. airstrikes that targeted its nuclear facilities last June.
The bond market’s ‘quiet stabilizer’ is fading — and U.S. Treasurys face the most risk
Japan’s changing role in the bond market could be about to shake up borrowing costs in the U.S. and beyond.
