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Broadcom's AI Chip Revenue Triples as Its Custom-Silicon Bet Reshapes the Business
Broadcom reported $16.7 billion in quarterly AI semiconductor revenue, up 221%, while total revenue reached $29.6 billion and its next-quarter outlook rose.
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Hyundai-POSCO Launches $5.8 Billion Louisiana Steel Mill Project
Hyundai Steel and POSCO have launched a $5.8 billion electric-arc-furnace mill project in Louisiana, targeting production in 2029 after permits and construction.
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U.S. Hiring Surges by 162,000, Reopening the Debate Over the Fed's Next Move
U.S. employers added 162,000 jobs in August while unemployment held at 4.1%, a stronger report that shifted attention back to inflation and interest rates.
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Fed Governor Waller Says September Rate Decision Hinges on Inflation Data
Federal Reserve Governor Christopher Waller says August inflation data could determine whether he supports holding rates steady or considers another increase.
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Google Avoids an Ad-Tech Breakup but Faces Court-Ordered Business Changes
A federal judge rejected a forced sale of Google's AdX exchange while ordering behavioral remedies in the Justice Department's ad-tech antitrust case.
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Chevron Plans $7 Billion Venezuela Expansion to More Than Double Oil Output
Chevron says updated joint-venture terms and new Orinoco Belt acreage will support a five-year investment program exceeding $7 billion.
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Diodes Completes $250 Million ElevATE Deal to Expand in Chip Testing
Diodes has completed its $250 million acquisition of ElevATE Semiconductor, adding technology used in advanced automated chip-testing systems.
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Apple TV Raises U.S. Price to $14.99 as Streaming Costs Keep Climbing
Apple TV now costs $14.99 a month in the United States, with its annual plan rising to $119 as streaming prices continue to climb.
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Nvidia’s Revenue Reaches $96.2 Billion as the AI Infrastructure Boom Accelerates
Nvidia reported $96.2 billion in fiscal second-quarter revenue, up 106% from a year earlier, and forecast about $108 billion for the current quarter.
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Nvidia’s Earnings Could Decide Whether Wall Street’s AI Rally Still Has Room to Run
Nvidia reports fiscal second-quarter results on August 26, putting the strength of AI infrastructure spending and Wall Street’s technology rally under a fresh spotlight.
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Nvidia Partners With Wall Street Giants on $500 Billion AI Infrastructure Financing Push
10 August 2026 Nvidia is joining forces with some of Wall Street's biggest financial institutions in an ambitious effort to mobilize more than $500 billion for artificial intelligence infrastructure, creating new financing channels for the enormous computing investments required by the global AI boom. The chipmaker announced partnerships with Apollo Global Management, BlackRock, Blackstone, Brookfield Asset Management, Goldman Sachs and KKR. Together, the companies plan to es
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White House Finalizes Voluntary AI Safety Testing Framework for Advanced Models
03 August 2026 The United States is taking another significant step toward shaping the future of artificial intelligence by introducing a new voluntary safety testing framework for the country's most advanced AI systems. The Trump administration has finalized the details of cybersecurity evaluations designed to measure the hacking capabilities and potential risks of frontier AI models, marking one of the most closely watched government initiatives in the rapidly evolving tech
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Apple Faces Supply Challenges Even as iPhone Demand Remains Strong
31 July 2026 Apple has once again demonstrated that demand for its products remains remarkably strong, but the technology giant is now facing a different problem. Rather than struggling to attract customers, the company is finding it increasingly difficult to produce enough devices to satisfy demand. Supply constraints tied to the global artificial intelligence boom have clouded Apple's outlook, sending its shares sharply lower and raising fresh questions about how the compan
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Amazon Reshapes Its AI Strategy With a Focus on Next Generation Models
28 July 2026 Amazon is making one of its biggest strategic shifts in artificial intelligence since entering the race to develop advanced AI systems. According to reports, the technology giant is scaling back many of its flagship in house AI models while concentrating resources on building a new frontier model that executives believe can better compete with the industry's leading technologies. The move reflects a broader effort to streamline Amazon's AI ambitions as competitio
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US China AI Rivalry Raises New Concerns Over Global Safety Cooperation
24 July 2026 Artificial intelligence is advancing at an extraordinary pace, promising breakthroughs in medicine, science, business, and everyday life. At the same time, experts are warning that the growing geopolitical rivalry between the United States and China could undermine international efforts to ensure these increasingly powerful systems remain safe. As both countries race to secure technological leadership, the balance between competition and cooperation is becoming o
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TSMC Bets on Long Term AI Growth With Major Arizona Expansion
19 July 2026 Taiwan Semiconductor Manufacturing Company, better known as TSMC, is doubling down on the future of artificial intelligence with one of the largest overseas manufacturing investments ever made by a technology company. Confident that demand for advanced AI chips will remain strong for years to come, the world's leading contract chipmaker is significantly expanding its operations in Arizona while continuing to strengthen its manufacturing leadership in Taiwan. The
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Nationwide Protests Reflect Growing Backlash Against AI Data Centers
18 July 2026 The rapid expansion of artificial intelligence infrastructure has sparked a new wave of public opposition across the United States, with coordinated protests taking place in dozens of states as communities raise concerns about the environmental and social impact of massive data center developments. In what organizers described as the first nationwide demonstration focused specifically on AI data centers, opponents staged 142 protests across 42 states. The movemen
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Meta Faces Potential $1.4 Trillion Penalty Ahead of Landmark Youth Safety Trial
07 July 2026 Meta Platforms is preparing for one of the most consequential legal battles in its history as four U.S. states seek an estimated $1.4 trillion in civil penalties over allegations that the company knowingly designed Facebook and Instagram to keep young users addicted while misleading the public about the safety of its platforms. The case, scheduled to go to trial in August, could become one of the largest corporate legal disputes ever brought against a technology
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Google Reportedly Limits Meta's Access to Gemini AI Models Amid Surging Demand
28 June 2026 The race to dominate artificial intelligence has become so intense that even the world's biggest technology companies are beginning to face resource shortages. According to a recent report, Google has placed limits on Meta's use of its Gemini artificial intelligence models after the social media giant requested more computing capacity than Google was able to provide. The development highlights the growing strain on AI infrastructure as companies compete to build
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Trump Administration Requests Delayed Rollout of OpenAI's New AI Model Over Security Concerns
25 June 2026 The rapid race to develop increasingly powerful artificial intelligence has entered a new phase as the Trump administration reportedly asked OpenAI to slow the release of its upcoming AI model because of national security concerns. The request marks one of the clearest signs yet that the U.S. government is seeking a more active role in overseeing the deployment of advanced AI systems before they become widely available. According to reports, OpenAI has agreed to
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