Luckin Coffee weighs entry into Middle East markets, chairman tells CNBC
Luckin is weighing a push into Middle East markets while deepening its foothold in Southeast Asia, with backing from sovereign wealth funds in both regions.
Samsung to inject $1 billion into Nvidia- and KKR-backed AI infrastructure firm
Samsung Electronics and its five affiliates are investing $1 billion in KKR-launched Helix as the group expands its push into global AI infrastructure.
Anthropic’s IPO prospectus shows sweeping AI vision, surging costs: Reuters
The prospectus details how Anthropic has grown sharply in the last year — while also posting wider losses.
OpenAI abandons plan to release upcoming model as safety concerns escalate
The heads of OpenAI and rival Anthropic have both indicated recently that top AI labs should slow the pace of model development.
CNBC’s The China Connection newsletter: Spectacle-heavy Trump-Xi summit was more about domestic messaging
Much of the pageantry was meant for the leaders’ constituencies at home, analysts said.
Dow posts back-to-back losses as Treasury yields continue their ascent
Stocks ended Tuesday lower as Treasury yields touched fresh multiyear highs.
AMD acquiring Fei-Fei Li’s World Labs AI firm in deal worth $8.2 billion
AMD previously invested in World Labs before the acquisition, which is the chipmaker’s second biggest on record.
LeBron James is already boosting ticket and merchandise demand for Philadelphia 76ers
NBA star LeBron James is having a major financial impact on the Philadelphia 76ers and Philadelphia, boosting sponsorships, ticket sales and economic activity
Zuckerberg, Amodei among tech executives set to meet Trump Tuesday
The AI safety debate has raged in recent weeks, with Amodei, Musk and OpenAI CEO Sam Altman calling to pace the development of frontier models.
Elon Musk, SpaceXAI subpoenaed by NYC in AI safety investigation
The New York City Council issued a subpoena to Musk, requiring that he or another representative of SpaceXAI testify in an investigation concerning AI safety.
