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Alibaba, Tencent Shed $66 Billion After AI Vision Falls Flat - Bloomberg.com
Alibaba Group Holding Ltd. and Tencent Holdings Ltd. lost $66 billion of market value in roughly 24 hours, after the market punished the twin leaders of China’s tech arena for failing to lay out clear visions for how to profit off artificial intelligence.
Trump, Takaichi Announce $40 Billion US Reactor Project - Bloomberg
President Donald Trump and Japanese Prime Minister Sanae Takaichi announced a nuclear power project in the southern US, the latest initiative stemming from an investment fund the countries established as part of a trade pact.
Novartis agrees to acquire a pan-mutant-selective PI3Kα inhibitor, strengthening its breast cancer pipeline - Novartis
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Jensen Huang says he will be 'deeply alarmed' if his $500,000 engineer did not consume at least $250,000 of tokens - Business Insider
“If that $500,000 engineer did not consume at least $250,000 worth of tokens, I am going to be deeply alarmed,” says Nvidia CEO Jensen Huang.
Supermicro’s co-founder was just arrested for allegedly smuggling $2.5 billion in GPUs to China - Fortune
The arrest of board member Yih-Shyan “Wally” Liaw—who previously resigned following an accounting scandal in 2018—led an after-hours trading drop of 12% in the Nvidia-linked server manufacturer’s stock.
Dow Jones Futures Rise; Stocks Slash Losses, Oil Prices Fall On Trump Iran War Comments - Investor's Business Daily
FedEx and Planet Labs jumped overnight on earnings.