Elon Musk’s AI startup xAI raised $6 billion in series B funding, reaching a post-money valuation of $24 billion as investors bet big on challengers to companies like OpenAI in the intensifying AI race. The funding round was backed by investors including Andreessen Horowitz and Sequoia Capital, the company said in a blog post on […]Read More
Former president Donald Trump promised to crush pro-Palestinian protests on college campuses, telling a roomful of donors — a group that he joked included “98 percent of my Jewish friends” — that he would expel student demonstrators from the United States, according to participants in the roundtable event with him in New York. This post […]Read More
The next frontier for the ad market isn’t on TV — it’s at screens near points of sale. Television had long been the key target for advertisers, until tech companies such as Alphabet and Meta-owned platforms like Facebook began to gobble up market share. While ad dollars are rapidly shifting from traditional TV to streaming, retail and consumer […]Read More
Angry that your favorite Red Lobster closed down? Wall Street wizardry had a lot to do with it. Red Lobster was America’s largest casual dining operation, serving 64 million customers a year in almost 600 locations across 44 states and Canada. Its May 19 bankruptcy filing and closing of almost 100 locations across the country […]Read More
DETROIT — The United Auto Workers union is challenging the results of last week’s organizing vote of Mercedes-Benz workers in Alabama, in which workers voted against union representation, and is asking federal officials to order a new election. Among a dozen or so claims, the Detroit union alleges that the German automaker fired four pro-union workers, forced workers to […]Read More
Five years ago, Nvidia CEO Jensen Huang owned a stake in his chipmaker worth roughly $3 billion. After Thursday’s rally, which pushed the stock to a record, his holdings now stand at more than $90 billion. Nvidia late Wednesday reported first-quarter earnings that topped estimates, with sales jumping more than 200% for a third straight quarter, driven by demand […]Read More
Chase Oliver, a candidate for the Georgia Senate election in 2022, won the presidential nomination late Sunday night for the Libertarian Party, the third-largest political party. The nomination came after seven rounds of voting over a long, contentious day as factions of the party feuded over the nomination and party leadership positions. After winning, Oliver […]Read More
When President Barack Obama hosted Prime Minister Benjamin Netanyahu in the Oval Office in 2014, the Israeli leader lectured him about Gaza’s future, a Palestinian state and an Iranian nuclear deal in a tone that Obama found condescending and dismissive. After the meeting, an aide asked how it went. Netanyahu “peed on my leg,” Obama […]Read More
Car shoppers should have an easier time finding good deals this Memorial Day weekend than last. Dealerships are sitting on a glut of 2023 vehicles, leading to steeper discounts and lower interest rates than usual, the auto research firm Edmunds said Wednesday. The share of ’23 models available at dealerships nationwide has reached 6.8%, up […]Read More
Boeing and NASA are moving forward with the launch of the company’s Starliner capsule, set to carry U.S. astronauts for the first time, despite a “stable” leak in the spacecraft’s propulsion system. “We are comfortable with the causes that we’ve identified for this specific leak,” Mark Nappi, Boeing vice president and manager of the company’s Commercial […]Read More
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