Struggling shoe retailer Allbirds makes bizarre pivot to AI, adds $127 million in value
Allbirds announced a deal with American Exchange Group to sell its intellectual property and other assets for $39 million in March.
Chip giants AMD, Qualcomm and Arm back driverless car startup Wayve with fresh funds
Wayve now has major semiconductor names, including Nvidia, as shareholders as it looks to sell its technology to automakers who may be using different chips.
Chip giants AMD, Qualcomm and Arm back driverless car startup Wayve with fresh funds
Wayve now has major semiconductor names, including Nvidia, as shareholders as it looks to sell its technology to automakers who may be using different chips.
Trump threatens to fire Powell if the Fed chair doesn’t leave office on his own
Though most Fed chairs in the past have left after being replaced, Powell has demurred on what he plans to do.
Trump threatens to fire Powell if the Fed chair doesn’t leave office on his own
Though most Fed chairs in the past have left after being replaced, Powell has demurred on what he plans to do.
OpenAI pulls back from Stargate Norway data center deal as Microsoft takes over
The AI startup is now in discussions with Microsoft about renting compute capacity
OpenAI pulls back from Stargate Norway data center deal as Microsoft takes over
The AI startup is now in discussions with Microsoft about renting compute capacity
Bank of America tops estimates as CEO Brian Moynihan says consumer banking is ‘healthy’
Bank of America, the second-largest U.S. bank by assets, has topped expectations for earnings per share for 23 consecutive quarters.
Power Insider: The markets are obsessed with the Strait of Hormuz. Why it matters less than you think
Retail and pro traders are obsessed with gauging the traffic in the Strait of Hormuz, thinking they can gain an edge on where oil prices are going. They can’t.
Trump renews criticism of UK, saying it should ‘drill, baby, drill’ for North Sea oil
Trump’s comments come at a time when the U.K. government has said the Iran war energy shock shows the need “to get off the fossil fuel rollercoaster.”
