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Sun, Aug 30, 2026 05:15 AM All times are UTC

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Elon Musk’s xAI Cuts 500 Data Annotation Jobs Amid Grok Expansion

Sep 13, 2025 05:53 am UTC| Technology Business

Elon Musks artificial intelligence company xAI has laid off more than 500 workers from its data annotation team, the largest unit supporting the development of its Grok chatbot, according to Business Insider. Employees...

OpenAI Projects Major Revenue Shift in Microsoft Partnership

Sep 13, 2025 05:50 am UTC| Technology Business

OpenAI is set to significantly reduce the share of its revenue allocated to commercial partners, primarily Microsoft, according to a report by The Information. Currently, Microsoft receives about 20% of OpenAIs revenue....

Google Loses Appeal to Block Epic Games’ Play Store Antitrust Ruling

Sep 12, 2025 23:58 pm UTC| Business Technology Law

Alphabets Google has failed to convince a U.S. appeals court to extend a freeze on an order requiring sweeping reforms to its Play Store. The San Francisco-based 9th U.S. Circuit Court of Appeals rejected Googles request,...

Meituan Launches AI Agent Xiaomei to Boost Food Delivery Amid Rising Competition

Sep 12, 2025 04:52 am UTC| Technology Business

Meituan (HK:3690) has introduced a new artificial intelligence agent called Xiaomei, aiming to strengthen its food delivery and restaurant services as competition intensifies in Chinas instant commerce market. Built on...

Nvidia and OpenAI Plan Billions in UK Data Center Investment with Nscale

Sep 12, 2025 02:51 am UTC| Business Technology

Nvidia Corporation (NASDAQ: NVDA) and OpenAI are preparing to pledge billions of dollars to develop advanced data centers in the United Kingdom, according to a Bloomberg report. The initiative is expected to be announced...

SK Hynix Stock Hits Record High on Breakthrough HBM4 AI Memory

Sep 12, 2025 02:49 am UTC| Business Technology

Shares of SK Hynix Inc. (KS:000660) surged to an all-time high on Friday after the South Korean chipmaker announced the completion of its next-generation high-bandwidth memory, HBM4. The advanced chip, designed for...

Adobe Lifts 2025 Outlook on Strong AI and Design Software Demand

Sep 12, 2025 01:52 am UTC| Business Technology

Adobe has raised its fiscal 2025 revenue and profit forecasts, reflecting robust demand for its design tools and growing monetization of artificial intelligence solutions. Shares of the San Jose-based software giant...

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Economy

UAE Central Bank Probes Banque Misr Over Iran Links

The Central Bank of the United Arab Emirates has launched an urgent investigation into Banque Misrs UAE branches following a U.S. move to restrict the lenders access to the dollar clearing system over alleged financial...

Canadian Dollar Slides as Fed Rate Hike Bets Boost US Dollar

The Canadian dollar weakened on Friday and was on track for its sharpest weekly decline in more than two months, as a stronger U.S. dollar overshadowed surprisingly robust Canadian economic growth. The loonie traded near...

Bessent Defends US Yen Intervention Over Treasury Market Risks

U.S. Treasury Secretary Scott Bessent has defended Washingtons decision to support the Japanese yen in late July, arguing that severe currency volatility could threaten global financial stability and ultimately push U.S....

US Dollar Hits Two-Week High After Hawkish Fed Speech

The U.S. dollar climbed to a near two-week high on Friday after Federal Reserve Chair Kevin Warsh delivered a hawkish message at the Jackson Hole Economic Policy Symposium, strengthening expectations for a September...

Oil Prices Slip as Venezuela Supply Prospects Weigh on Market

Oil prices edged lower on Friday as traders assessed reports that the United States was nearing a deal for long-term access to Venezuelan crude reserves, potentially opening the door to billions of dollars in investment...

Politics

King Haakon VIII Honors Late Father Harald in First Address

King Haakon VIII of Norway paid an emotional tribute to his late father, King Harald, in his first address to the nation since ascending the throne, praising him as a devoted parent and a monarch who championed unity and...

Iceland Counts Votes in Close EU Membership Talks Referendum

Iceland began counting ballots late Saturday after voters took part in a closely contested referendum on whether the country should reopen European Union membership negotiations, reviving a decades-long debate over...

South Korea Leveraged Chip ETF Trading Plunges After New Rules

South Korean retail investors are rapidly retreating from leveraged exchange-traded funds linked to Samsung Electronics and SK Hynix after regulators imposed stricter trading requirements, Bloomberg reported Sunday....

Finland’s Stubb Says Russia Unlikely to Attack NATO

Finland President Alexander Stubb has played down concerns that Russia could launch an attack against a NATO member, arguing that Moscow would have little reason to challenge the worlds most powerful military alliance....

Nepal Declines Foreign Rescue Aid After Deadly Flash Flood

Nepal has said it does not currently require foreign search-and-rescue assistance following a devastating flash flood that killed nearly 500 people and left hundreds of foreign nationals missing. The disaster struck...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Pinterest Stock Falls as CFO Julia Brau Donnelly Resigns

Pinterest Inc. (NYSE: PINS) shares fell sharply in after-hours trading on Friday after the social media company announced the resignation of Chief Financial Officer Julia Brau Donnelly, prompting investor attention on the...

PayPal Shares Sink as $50 Billion Takeover Bid Collapses

PayPal Holdings (NASDAQ: PYPL) shares plunged in extended trading after a consortium led by private equity firm Advent International and payments giant Stripe reportedly ended its pursuit of the digital payments company....

Nvidia Pauses AI Cloud Financing Deals Amid Antitrust Concerns

Nvidia has temporarily halted some deals tied to a recently introduced financing program for artificial intelligence cloud companies, amid internal concerns that the arrangement could attract greater antitrust scrutiny,...

Google Changes EU Spam Policy Amid Antitrust Scrutiny

Google has revised its spam policy in Europe after concerns from European Union regulators raised the possibility of a significant antitrust fine for Alphabet, the search giants parent company. The company said Friday that...

U.S. Probes Apex Logistics Over Nvidia AI Chip Shipments to China

The U.S. government is investigating Singapore-based Apex Logistics over allegations that the freight company helped transport Nvidia AI chips and computer systems to China despite U.S. export restrictions, Bloomberg...