Meta's Massive $1B Bet On Nvidia H100 GPU Cluster Will Dwarf Every Other Company's Target, But Zuckerberg Reveals Original Goal Was This, Not AI

benzinga.com Meta Platforms Inc. META has set a goal of buying 350,000 Nvidia Corp. NVDA H100 GPUs by 2024 to power its AI ambitions, but that was not Mark Zuckerberg's original…

Swiggy, the Indian food delivery giant, seeks $1.25 billion in IPO after receiving shareholder approval

techcrunch.com Swiggy plans to raise $1.25 billion in an initial public offering and has secured approval from its shareholders, the Indian food delivery and instant commerce startup…

Clinical lab operator Labcorp to buy bankrupt genetic test maker Invitae for $239 million

aol.com Laboratory service provider Labcorp said on Wednesday it will acquire Softbank-backed Invitae Corp's assets auctioned through a voluntary bankruptcy protection process, a…

Is This AI Chip Stock A Buy After Surging 152% From An Entry?

investors.com Artificial intelligence chip stock Arm Holdings (ARM) surged as much as 152% past a recent buy point. Following that advance, is Arm stock a buy in today's stock market? Arm…

The Top 3 Robotics Stocks to Buy in April 2024

investorplace.com Buy these robotics stocks to increase your portfolio's value The U.S. economy holds promise with the rapid growth of robotics stocks and automation across industries.…

Klarna scores major payment deal with Uber ahead of hotly anticipated IPO

cnbc.com Klarna on Wednesday announced a global partnership with Uber to power payments for the ride-hailing giant's Uber and Uber Eats apps. The partnership will see the Swedish…

These Magnificent Seven Stocks Pulled the Stock Market Higher Today

247wallst.com What a difference a week makes. The bulls took control today as the magnificent seven tech stocks rallied and all three of the major indices ended in the green amid an…

WeWork founder Neumann wants bankruptcy court’s help in bid to repurchase company

theglobeandmail.com WeWork founder Adam Neumann has asked a U.S. bankruptcy judge to help his bid to reacquire the coworking business, saying Monday that WeWork’s management should engage in…

Satellite photos show construction of Indonesia's new capital city

newsweek.com What does a country do when its overcrowded, polluted capital city starts sinking into the ocean? It builds a new one. That's the plan in Indonesia, where construction is…

Want $750 Per Month In Passive Income? Invest In These Stocks

247wallst.com According to The Wall Street Journal, average 30-year mortgage rates have now surged to 7.1% and home sales for March, correspondingly, fell 4.3%, the largest drop since…

SoftBank Is Betting Big on Nvidia (NVDA) Stock

investorplace.com Nvidia has a new customer and investors should be excited One of Japan’s financial sector leaders is jumping head-first into the artificial intelligence ( ) race. SoftBank…

OpenAI’s legal battles are not putting off customers

economist.com Pity OpenAI’s lawyers. On February 29th Elon Musk added yet another problem to their list by suing the maker of ChatGPT, a wildly popular artificial-intelligence (AI)…

Can Arc’teryx’s owner revive Chinese IPOs in America?

economist.com Foreign acquisitions by Chinese buyers have a lousy reputation. The takeover of PizzaExpress, a British restaurant chain, by Hony Capital, a Chinese private-equity firm,…

Africa’s top fintech player is getting ready for an IPO

semafor.com The News Flutterwave, the Nigeria-based digital payments company and Africa’s most valuable startup, has made changes to its corporate team as part of moves aimed at…

Saudi Arabia is becoming a hot spot for global technology manufacturing with sustainable practices in mind. Here's how

businessinsider.com Alat Saudi Arabia's ambitious Vision 2030 transformation has already brought significant change and growth to the nation's economy and society, with technology, tourism, and…

SoftBank will reportedly invest nearly $1 billion in AI push, tapping Nvidia's chips

cnbc.com Signage at a SoftBank Corp. store in the Ginza district of Tokyo, Japan, on Wednesday, Nov. 1, 2023. Japanese tech conglomerate SoftBank is looking to develop a…

TabaPay, which offers instant payment services, agrees to acquire assets of banking-as-a-service startup Synapse, after Synapse filed for Chapter 11 bankruptcy

techcrunch.com SoftBank-backed TabaPay is buying the assets of a16z-backed Synapse, after it filed for bankruptcy After a tumultuous year, banking-as-a-service (BaaS) startup Synapse has…

SoftBank to spend $960m to boost computing power for generative AI

asia.nikkei.com TOKYO -- Japanese telecom company SoftBank is investing 150 billion yen ($960 million) by 2025 to give its computing facilities the number crunching power needed to develop…

Nvidia, Supermicro Make Huge Mess of AI-Semiconductor Mania, Netflix Plunges, Big Tech Follows

wolfstreet.com Nasdaq fell 2.05%, back to where it had been in September 2021. We have some new WTF Charts of the Year. The Nasdaq Composite fell 2.05% today to 15,282, back to where it…

Why Arm Holdings Stock Plunged Today

finance.yahoo.com Shares of Arm Holdings (NASDAQ: ARM) were taking a dive today, getting hit for the third day in a row on disappointing news on the artificial intelligence (AI) front. After…

3 Semiconductor Stocks to Buy Now: Q2 Edition

investorplace.com These companies are leaders in the microchip and semiconductor sector Semiconductors have become so ubiquitous and important in our modern lives that people refer to the…

Trump Media, AI Stocks and More: 3 Top Ex-SPACs to Buy Now

investorplace.com These three Ex-SPAC stocks could still have room to grow in the coming year Are you looking for the best ex-SPAC stocks to buy now? It might not be your cup of tea, but…

Saudi Arabia’s investment fund has been set an impossible task

economist.com About a decade ago, a flashy, deep-pocketed investor made an appearance. Saudi Arabia’s Public Investment Fund (PIF) had a mandate to go big, and was ready to: it picked up…

OpenAI makes pitch for business in Japan as it opens Tokyo office

theglobeandmail.com Microsoft MSFT-Q backed artificial intelligence startup OpenAI made a pitch for business in Japan on Monday as it opened its first Asia office in Tokyo. “This is just the…

OpenAI bids for Japan business as it opens Tokyo office

aol.com Microsoft backed artificial intelligence startup OpenAI made a pitch for business in Japan on Monday as it opened its first Asia office in Tokyo. "This is just the first…

UK digital bank Zopa turns a profit as it eyes an IPO

ft.com SoftBank-backed fintech aims to offer current accounts to existing customers by the end of 2024

Alibaba, navigating sea change, reorients business towards bread-and-butter e-commerce and AI, pares down overhaul

scmp.com The Sun Art deal was just part of the price Alibaba has paid for its ambitious expansion since its secondary listing in Hong Kong in 2019. Since then, the Hangzhou-based…

Jamie Dimon joined other top business leaders at the glitzy White House dinner. See who joined him on the guest list

businessinsider.com Jamie and Judy Dimon made a notable appearance. Getty/Drew Angerer Leaders from JPMorgan, Microsoft, and Apple attended a White House state dinner on Wednesday. The dinner…

OpenAI CEO wants UAE Dubai into his plan for a global AI cabal

theregister.com OpenAI CEO Sam Altman's latest stop on his AI emperor roadshow was in the United Arab Emirates, where he floated the idea of a global consortium of governments and private…