On Wednesday the San Francisco-based company said it had signed a definitive agreement with an unnamed institutional investor for $50 million in financing to shift its business to AI infrastructure. It will also have a new name: NewBird AI. It plans to use the proceeds to purchase graphics processing units, known as GPUs. The transaction …
April 15 (Reuters) – The U.S. government has released all funds allocated for security at the soccer World Cup, but the ongoing shutdown of the Department of Homeland Security has affected planning and coordination, a department official told a Senate hearing on Wednesday. “A lot of the planning efforts underway for the World Cup have …
I’m a national reporter by trade but have been something of a lifelong booster of local and regional news. Unless you trust your state government implicitly in all things and are certain that your county’s largest employer would never cut safety or environmental corners, you should be, too. But tens of millions of Americans have …
The Federal Reserve saw an economy that was moderately growing in April but also dealing with the higher prices brought on by import tariffs and the war between the U.S. and Iran. It was the latter that left firms cautious on hiring and investment, with the Fed’s “beige book” survey of its 12 regional districts …
April 15 (Reuters) – A group of officials from developing economies launched on Wednesday the Borrowers’ Platform, an effort backed by the United Nations to give debt-hit nations a stronger collective voice in dealings with creditors. United Nations Secretary-General Antonio Guterres said at the launch event that the platform is essential for power relations to …
“This settlement will create a safer environment for our children online, and I hope that it will serve as a bellwether for how online interactive platforms allow our state’s youth to use their products,” the Democratic attorney general said Wednesday. Roblox, a popular online gaming platform used by nearly half U.S. children under 16, will …
NEW YORK (AP) — A jury has found that concert giant Live Nation and its Ticketmaster subsidiary had a harmful monopoly over big concert venues, dealing the company a loss in a lawsuit over claims brought by dozens of U.S. states. A Manhattan federal jury deliberated for four days before reaching its decision Wednesday in …
A New York jury ruled on Wednesday that Live Nation operated as an illegal monopoly, handing dozens of states an important legal win against the ticketing giant. Live Nation reached a deal with the Department of Justice last month to pay $280 million to states that sued the company over its practices. However, a contingent …
An asteroid the size of three football fields will pass near Earth in three years, giving scientists a rare chance to study a colossal space rock from close range. Named Apophis — after the ancient Egyptian deity known as the “god of chaos” — the asteroid is expected to zoom past the planet on April …
The S&P 500 surged to a new all-time high on Wednesday, as investors shrug off the hottest inflation in nearly two years and ongoing concerns about the economic impact of the Iran was. The rally marks a sharp reversal from late March, when the Dow Jones Industrial Average fell into correction territory — a drop …