Sign in Subscribe

Google Faces Billions in Losses if DOJ Antitrust Case Succeeds

The Department of Justice’s (DOJ) antitrust lawsuit against Google could cost the tech giant hundreds of billions of dollars, according to a Yahoo Finance analysis. This potential loss extends far beyond Google's core search business, significantly impacting revenue streams from Android, Chrome, and YouTube. The stakes are

Blackstone Invests Over $500 Million in Lancium's AI Data Center Buildout

Blackstone Inc. has invested over $500 million in Lancium Inc., a company constructing over 5 gigawatts of data centers in West Texas to support the growing energy demands of artificial intelligence applications, as reported by Bloomberg. The investment, finalized in recent weeks, will help fund the construction of five Lancium

Justice Department Demands Google Sell Chrome Browser

The US Department of Justice (DOJ) has called for Google to divest its Chrome browser as a remedy for its monopolization of the online search market, reports The Wall Street Journal. This drastic measure, following the government's antitrust victory against Google earlier this year, is expected to trigger
Justice Department Demands Google Sell Chrome Browser

Sony in Talks to Acquire Elden Ring Maker Kadokawa

Sony is in advanced talks to acquire Kadokawa, the Japanese entertainment company behind the massively popular video game "Elden Ring," according to two sources familiar with the matter, as reported by Reuters. The sources, who spoke on condition of anonymity because the discussions are private, indicated that a

Nvidia's Blackwell AI Chips Face Overheating Issues in Servers

Nvidia's highly anticipated Blackwell AI chips are reportedly encountering overheating problems within server racks, potentially delaying the deployment of new data centers for some customers. Reuters, citing The Information, reported that this issue adds to previous delays experienced by the chipmaker. The reports, citing sources familiar with the

AI Out of Nuclear Launch Decisions, Say US and China

US President Joe Biden and Chinese President Xi Jinping have reached an agreement that neither country will relinquish control of its nuclear weapons to artificial intelligence, the White House announced Saturday. "It’s an important statement about the intersection of artificial intelligence and nuclear doctrine, and it is a

TikTok Parent ByteDance Valued Itself at $300 Billion

ByteDance, the parent company of TikTok, has assigned itself a valuation of approximately $300 billion in a recent share buyback offer, according to a report by The Wall Street Journal. This valuation, one of the highest in the company's history, comes despite the looming threat of a TikTok
TikTok Parent ByteDance Valued Itself at $300 Billion

Musk Expands OpenAI Lawsuit, Adding Microsoft and Antitrust Claims

Elon Musk has significantly broadened his lawsuit against OpenAI, the creator of ChatGPT, adding federal antitrust claims and naming OpenAI's major financial backer, Microsoft, as a co-defendant. Reuters reported that the amended complaint, filed Thursday in a California federal court, alleges that Microsoft and OpenAI engaged in anticompetitive

Disney's Streaming Success Begins to Offset Cable Losses

Walt Disney is showing signs of a turnaround, with its streaming business posting its second consecutive quarterly profit, reports Reuters. This progress suggests that CEO Bob Iger's strategy of focusing on streaming is starting to pay off, potentially offsetting declines in the company's traditional television business.

Microsoft Sees Surge in Azure OpenAI Spending from Adobe, Meta

Microsoft's Azure OpenAI service, which provides access to OpenAI's language models, is experiencing significant growth and diversification of its customer base, as reported by The Verge. While TikTok had previously been the dominant customer, Microsoft has successfully expanded its clientele to include major corporations spending over