Yahoo Finance

The Cupertino-based company and Alibaba have submitted the Chinese AI features it co-developed for approval by China's cyberspace regulator, a report said. https://lnkd.in/dJ4DJe-B

➡️ The next shoe set to drop in Donald Trump’s rapid fire #tariff actions is a move on reciprocal duties he promises to lay out in detail later this week. It will be felt around the globe but experts told me one country in particular will be going over the details with closely: India. Here’s why:

Federal Reserve Chair Jerome Powell told lawmakers Tuesday that the Fed is not in a rush to adjust interest rates, reiterating a cautious stance as central bank policymakers digest signs of stubborn inflation and policy uncertainties from the new Trump administration. https://lnkd.in/e5iQPDdT

Amazon is set to dramatically increase its artificial intelligence investments, confirming plans to spend just above $100 billion on AI in 2025. CEO Andy Jassy suggests the company is still working to meet surging demand for its AI capabilities, stating the tech giant currently has "constraints on capacity." The massive investment places Amazon at the forefront of a significant AI spending race among tech giants. Meta Platforms plans to invest $65 billion, Alphabet Inc. has targeted $75 billion, and Microsoft will commit $80 billion to AI development. More: https://lnkd.in/eBuapfbG

Rivian said after the end of its exclusivity period with Amazon, it had been testing its commercial vans with large fleet operators, including AT&T, and was now ready to open up orders to other companies utilizing fleets. https://lnkd.in/eu7jr6kg

Arabica coffee futures hit a record for the 13th straight trading session. Reports of a dry, hot weather system forming over Brazil's coffee areas helped to drive the new price peaks, as farmers in the world's top grower are reluctant to sell. https://lnkd.in/e3758FKi

The Silicon Valley firm, founded by a former Alphabet AI chip engineer, is known for producing AI inference chips that optimize speed and execute commands of pre-trained models. https://lnkd.in/eBj_ddzT

Tesla's sales in China fell 11.5% on a year-over-year basis in the month of January, while Chinese competitor BYD sales surged an annualized 47%, according to data from the China Passenger Car Association. https://lnkd.in/eCsFm-3Q

"It's time for OpenAI to return to the open-source, safety-focused force for good it once was," the Wall Street Journal cited Elon Musk as saying in a statement provided by Musk's lawyer, Marc Toberoff. "We will make sure that happens." https://lnkd.in/e-FSqRjN

The Magnificent Seven has turned into the Stupendous One as AI spending fears weigh on sentiment. https://lnkd.in/d3P79BTz