South Korea plans more than $1 trillion in investments to expand chipmaking, AI data centres and robotics infrastructure. President Lee Jae Myung says the effort is aimed at securing AI leadership and reviving regions beyond Seoul.
Posts tagged as “Microsoft”
Apple raised prices on several MacBook, iPad and other devices, blaming surging memory and storage costs linked to AI data center demand. Microsoft’s Xbox division also announced console price increases as chip costs climb.
Bill Gates told the House Oversight Committee that meeting Jeffrey Epstein was “a grave error in judgment” and said Epstein tried to use information about his infidelities to pressure him. Gates said he ended contact in 2014 after promised philanthropic support failed to materialize.
SpaceX is seeking to raise $75 billion in a record IPO that would value the company at roughly $1.75 trillion. The company proposed a $135 share price ahead of an expected Nasdaq debut next week, though the final price remains uncertain.
President Donald Trump signed an executive order creating a voluntary process for federal review of powerful AI models before release. The order focuses on cybersecurity and national security while avoiding mandatory licensing requirements for AI companies.
A California jury dismisses Elon Musk's lawsuit against OpenAI and CEO Sam Altman, ruling Musk filed too late under the statute of limitations. The decision preserves OpenAI's current structure and ends a high-profile legal battle over the company's nonprofit origins.
The S&P 500 and Nasdaq hit record highs Wednesday as investors remain optimistic despite ongoing Iran conflict and rising energy prices. Strong corporate earnings and expectations of de-escalation in the Middle East have fueled the rally.