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Rolling coverage of the latest economic and financial newsOnly seven new petrol-powered cars sold in Norway in JanuarySilver is also looking very volatile.The spot price of silver tumbled by 19% yesterday, hot on the heels of its 27% plunge on 30 January. Continue reading…
Software sell-off deepens amid AI fears in ‘echoes of dot-com crash’ – business live Read More »
At its new Stone Mountain, Georgia, facility, Roomba-like robots shuffle between stacks, another adds shipping labels while another arranges packages in palletsOne of the reasons Amazon is spending billions on robots? They don’t need bathroom breaks. Arriving a few minutes early to the public tour of Amazon’s hi-tech Stone Mountain, Georgia, warehouse, my request to
Hail our new robot overlords! Amazon warehouse tour offers glimpse of future Read More »
Verdict could influence more than 3,000 similar cases against ride-hailing companyA federal jury in Phoenix ordered Uber on Thursday to pay $8.5m after finding the company liable in a lawsuit brought by a woman who said she was sexually assaulted by a driver. The verdict could influence thousands of similar cases against the ride-hailing company.The
Uber found liable for sexual assault by driver and ordered to pay victim $8.5m Read More »
Founders used to be wedded to their companies. Now, anyone can be lured away for the right price.
South Crofty site could get $225m funding as US seeks to secure supply of critical metalDonald Trump has aggressively pursued investment into hi-tech industries recent months, but the US administration has now set its sights on a more traditional sector: tin mining in Cornwall.The South Crofty mine, near the village of Pool, could start up
Cornish tin mine could reopen with Trump administration investment Read More »
Taiwanese chipmaker TSMC, Asia’s most valuable company, has announced plans to produce 3-nanometre cutting-edge chips in Japan. Japan’s Prime Minister Sanae Takaichi lauded the announcement as “the missing piece for the country” since she’s looked to bolster domestic chipmaking ahead of lower house elections on February 8. Also in this edition: Cuba is on the
TSMC announces production of advanced AI chips in Japan Read More »
Alphabet reports $34.5bn profit and revenue soars 48% in recent quarter as it plans a sharp increase in AI spendingGoogle’s parent company, Alphabet, beat Wall Street expectations on Wednesday, and is planning a sharp increase in capital spending in 2026 as it continues to invest deeply in AI infrastructure.Alphabet on Wednesday reported profit of $34.5bn
Google parent earnings beat projections amid plans to invest deeply in AI Read More »
Apparent collapse of Nvidia–OpenAI tie-up raises questions about circular funding and who will bear the cost of AI’s expansionDid the circular AI economy just wobble? Last week it was reported that a much-discussed $100bn deal – announced last September – between Nvidia and OpenAI might not be happening at all.This was a circular arrangement through
What does the disappearance of a $100bn deal mean for the AI economy? Read More »
Axiom says its AI found solutions to several long-standing math problems, a sign of the technology’s steadily advancing reasoning capabilities.
A New AI Math Startup Just Cracked 4 Previously Unsolved Problems Read More »
“Too many GPUs makes you lazy,” says the French startup’s vice president of science operations, as the company carves out a different path than the major US AI companies.
Mistral’s New Ultra-Fast Translation Model Gives Big AI Labs a Run for Their Money Read More »
