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Varda Space Industries will occupy a former Mattel facility in El Segundo, giving it additional capacity to manufacture spacecraft at scale.
Bitcoin rallied as much as 5.7% to briefly surpass the $71,890 mark, hitting its highest value in nearly a month. The world’s largest cryptocurrency had weathered a rocky few days since US and Israeli forces attacked Iran on Saturday, at one point dropping as low as $63,038 that day. Since then, investors have largely rallied around digital assets, with spot Bitcoin exchange-traded funds in the US raking in more than $680 million in inflows on Monday and Tuesday, according to data compiled by Bloomberg.
The increasing use of artificial intelligence by firms may be creating some jobs in the euro zone rather than destroying them as many fear, a European Central Bank blog post argued on Wednesday. Economists have been debating whether AI could put white collar staff out of work, and a recent study by Germany's Ifo Institute found that more than a quarter of German firms expect AI to lead to job cuts in the next five years. But the ECB's own Survey on the Access to Finance of Enterprises found that companies making significant use of AI are more likely to take on additional staff in the near term.
The AI industry has outrun the speed at which we can adopt it. Whose fault is that?
Italian digital bank and money manager Fineco said on Wednesday it would use artificial intelligence to expand its client base and cut costs under a strategy through 2029, aiming to sharply grow the pace at which it gathers new money. Fineco said it targeted an average low double-digit yearly increase in net inflows and new clients between 2025 and 2029, compared with a 6% rise in the 2021-2025 period. The target does not include any potential benefits from plans to expand its brokerage services outside Italy by early 2027 through the launch of a pan-European investment platform, Fineco said.
Anthropic's Claude eclipses OpenAI as the top app in Apple's and Google's US app stores.
EVgo says more DC fast chargers and better placement in high traffic areas is key to continued success.
Apple debuted its new MacBook Airs and MacBook Pros as well as more powerful M5 Pro and M5 Max chips Tuesday.
All eyes are on Nvidia's fourth quarter results, due after the closing bell on Wednesday, as AI concerns continue to grip markets.
As the military hits a manual limit, Gen. Wesley Clark doubles down on AI's critical role in national security.
Chinese EV maker BYD stock jumped on Monday after the company said it would reveal "disruptive technology" at an event later this week. This comes after BYD said global sales tumbled in February.
Apple debuted its new iPhone 17e and iPad Air lineup on Monday, with more products expected this week.
Nvidia could use some sizzle, or so thinks the market.
When the economy gets to the other side of the AI transformation, it will be hard to tell if the markets are winner-take-all or if the winners are simply standing over the wreckage.
Trump demands government stop using Anthropic's AI technology.
Junyang Lin, who also goes by Justin, announced on X he was stepping down as the tech lead for Qwen, Alibaba’s main AI platform. Alibaba’s shares slid as much as 5.3% in Hong Kong — their biggest intraday loss since October — in part because investors are unwinding AI-related trades given global uncertainty. Lin is one of the most influential figures behind Alibaba’s transition to AI, an endeavor intended to drive its next phase of growth beyond online commerce.
The head of Alibaba Group's Qwen artificial intelligence model division, Lin Junyang, said on Wednesday he would be stepping down from his role, becoming the third senior Qwen executive to depart this year. "Bye my beloved Qwen," Lin wrote in a post on X, without providing further explanation. Yu Bowen, who headed post-training for Qwen, also resigned on Wednesday, Chinese media outlet LatePost reported.
The US chipmaker’s venture capital arm NVentures joined a funding round for Oxa that raised $103 million, the British company said Wednesday. Oxa declined to comment on its valuation in the round or how much Nvidia invested.
Shares of business intelligence platform Domo (NASDAQ:DOMO) jumped 8.8% in the afternoon session after software stocks rebounded as the market shook off growing uncertainty about the impact of artificial intelligence.
March 3 () - Moderna has agreed to pay Genevant Sciences, a subsidiary of Roivant Sciences, and Arbutus Biopharma up to $2.25 billion to settle a long-running legal fight over the technology that made its COVID-19 vaccine possible, the companies said on Tuesday.