Elon Musk’s xAI faces tougher road building out data centers after EPA rule update
An updated rule from the EPA closed a loophole that allowed xAI to build its Memphis data center quickly using air-polluting turbines as a power source.
Big earnings reports and worries around the interest rate outlook could sway markets next week
Company earnings and what happens with the interest rate outlook will unlock what’s next for a broadening stock market.
Micron stock climbs as CEO highlights AI demand for memory
“We need more and more memory to address that demand,” Micron CEO Sanjay Mehrotra told CNBC’s Jim Cramer.
Trump tells Hassett he wants to keep him where he is; Warsh Fed chair odds jump
Trump, without explicitly stating his decision, said he’d prefer to keep Hassett in his position as top economic advisor.
TSMC is set to expand its $165 billion U.S. investment — here’s what we know
TSMC is set to accelerate its multibillion-dollar expansion in Arizona, coming off the back of a U.S.-Taiwan trade agreement and strong earnings.
Chip stocks pop after TSMC’s earnings beat boosts confidence in industrywide demand
Shares of chipmakers AMD and Nvidia popped along with equipment makers like Applied Materials after TSMC reported better-than-expected results.
Amazon’s European sovereign cloud launch is a ‘big bet,’ AWS CEO Garman tells CNBC
The Amazon Web Services European Sovereign Cloud will be “physically and logically separate” from other AWS regions, the company said.
Down in the polls, Trump yanks Republicans toward economic populism. It may not save them
President Donald Trump phoned Democratic Sen. Elizabeth Warren earlier this week.
Cerebras scores OpenAI deal worth over $10 billion ahead of AI chipmaker’s IPO
The deal will help diversify Cerebras away from the United Arab Emirates G42, which accounted for 87% of revenue in the first half of 2024.
Elon Musk’s xAI probed by California DOJ over Grok’s deepfake explicit images
Musk’s Grok AI chatbot faces investigations from India, Malaysia, Indonesia, Ireland, Australia, the UK and France as well.
