Meta commits to 1 gigawatt of custom chips with Broadcom as Hock Tan decides to leave board
Meta commits to deploying 1 GW of custom in-house MTIA chips codesigned with Broadcom in sweeping new multiyear deal announced Tuesday
Crypto exchange Kraken confirms it has confidentially filed for an IPO
Kraken co-CEO Arjun Sethi said the crypto exchange has confidentially filed for a U.S. initial public offering, confirming CNBC’s previous reporting.
Nvidia stock is on a 10-day winning streak and up 18% over that stretch
Nvidia denied rumors that it’s in talks to buy a large PC company, telling CNBC in a statement that it’s “not engaged in discussions.”
Prediction markets will grow to $1 trillion by 2030, Bernstein estimates
The investment bank said volumes will reach an estimated $240 billion in 2026 and grow at a 80% compound annual rate between 2025 and 2030.
Jamie Dimon says Anthropic’s Mythos reveals ‘a lot more vulnerabilities’ for cyberattacks
The remarks show how a technology welcomed by corporations as a productivity boon can also pose serious threats, like uncovering new ways to hack into systems.
Global recession is inevitable if Strait of Hormuz stays shut, says Citadel’s Ken Griffin
A prolonged blockage of the Strait of Hormuz for the next six to 12 months will mean an unavoidable recession, the billionaire investor said.
CEOs are betting AI will augment work rather than displace all workers
Panelists at the Semafor World Economy conference said artificial intelligence can supplement the work that’s already done, improving its quantity and quality.
More U.S.-Iran peace deal talks are in discussion, White House says
Traffic through the Strait of Hormuz remains at a trickle, despite President Donald Trump proclaiming that a ceasefire with Iran depended on it reopening.
Iran war will hit UK growth the hardest of any rich economies, IMF says
The IMF said that the U.K. will be hardest hit out of all developed economies as a result of the Iran war.
BP’s new CEO to simplify company structure into upstream, downstream units
BP will reorganize into two main business units – upstream and downstream – under new CEO Meg O’Neill, who took the helm on April 1.
