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Fri, Dec 05, 2025 08:26 AM All times are UTC

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OpenAI Seeks Dismissal of xAI Lawsuit in Escalating AI Talent War

Oct 03, 2025 00:10 am UTC| Technology Business Law

OpenAI has urged a federal judge to dismiss a lawsuit filed by Elon Musks artificial intelligence startup, xAI, which accuses OpenAI of luring away employees to steal trade secrets. In its filing on Thursday, OpenAI...

Alphabet Plans Verily Spinoff as Google Prepares Separation from Life Sciences Unit

Oct 03, 2025 00:02 am UTC| Business Technology

Alphabet Inc. is preparing to separate its life sciences subsidiary, Verily, in what could lead to a full sale or spinoff, according to recent testimony in a federal antitrust trial against Google. The move, revealed in...

Moody’s Upgrades Roblox Outlook to Positive on Strong Growth and Liquidity

Oct 03, 2025 00:02 am UTC| Business Technology

Moodys Ratings has revised Roblox Corporations outlook to positive from stable, while affirming its Ba1 corporate family rating, citing the companys improving credit profile and expectations of sustained growth over the...

Applied Materials Sees $600 Million Revenue Hit from Expanded U.S. Export Curbs

Oct 03, 2025 00:01 am UTC| Business Technology

Applied Materials, one of the worlds leading semiconductor equipment makers, warned that expanded U.S. export restrictions will cut fiscal 2026 revenue by about $600 million, adding pressure to an already strained chip...

Google Warns of Ransomware-Linked Extortion Emails Targeting Executives

Oct 02, 2025 04:36 am UTC| Business Technology

Alphabets Google has issued a warning after detecting a wave of extortion emails sent to company executives across multiple organizations. The emails, allegedly from a group claiming ties to the ransomware gang Cl0p, state...

Samsung and SK Hynix Surge on OpenAI Data Centre Deal Amid U.S. Stargate Project

Oct 02, 2025 02:26 am UTC| Technology Business

Shares of South Koreas top chipmakers, Samsung Electronics and SK Hynix, soared on Thursday after securing a major partnership with OpenAI to supply advanced memory chips for its next-generation data centres. The...

Daniel Ek to Step Down as Spotify CEO, Shifts Focus to European Tech “Moonshots”

Oct 02, 2025 01:33 am UTC| Technology Business

Spotify co-founder Daniel Ek, who transformed the music industry with the launch of the streaming giant in 2006, has announced he will step down as CEO next year. At just 23, Ek disrupted an industry plagued by piracy and...

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Economy

Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth

Germanys economic outlook remains cautious, with a new forecast from the German Economic Institute (IW) indicating only modest improvement in 2025 as global trade falters and domestic financial pressures intensify....

Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data

Japans Nikkei 225 slid on Friday, erasing its gains for the week and diverging from mostly positive Asian markets as investors turned cautious ahead of a crucial U.S. inflation reading that could influence the Federal...

Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth

Europe is facing growing competitive pressure from China as Beijing intensifies its export-driven growth strategy, a shift Goldman Sachs says is reshaping the outlook for several major European industries. The bank...

Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook

Citigroup has raised its outlook for European equities, setting a 2026 year-end target of 640 for the STOXX 600 index. The forecast suggests a potential 10.5% upside from Thursdays close, reflecting growing confidence in...

Dollar Weakens Ahead of Expected Federal Reserve Rate Cut

The U.S. dollar hovered near a five-week low on Friday as global investors positioned themselves for a widely anticipated Federal Reserve rate cut next week. The greenback remained under pressure across major currencies,...

Politics

Hong Kong Faces Low Turnout in “Patriots-Only” Election Amid Public Grief After Deadly Fire

Hong Kong is bracing for a significantly low voter turnout in Sundays patriots-only Legislative Council election, as the city continues to mourn the deadliest fire it has seen in decades. The blaze, which erupted in a...

Cuba Reaffirms Anti-Drug Cooperation as Tensions Rise in the Caribbean

Cuban authorities announced that the island is intensifying its fight against narcotics trafficking in the Caribbean, emphasizing ongoing cooperation with the U.S. Coast Guard despite heightened political tensions and an...

Drones Spotted Near Zelenskiy’s Flight Path in Ireland Trigger Security Alert

An Irish naval vessel detected as many as five drones operating close to the flight path of Ukrainian President Volodymyr Zelenskiys aircraft as he arrived in Ireland for a state visit, according to local media reports on...

Australia Progresses AUKUS Review as U.S. Affirms Strong Support

Australia is moving forward with the newly received United States review of the AUKUS nuclear-powered submarine partnership, signalling renewed confidence in the trilateral defence pact with the U.S. and the United...

Trump Administration Tightens H-1B Visa Vetting With New Focus on Free Speech and Censorship

The Trump administration has introduced stricter vetting measures for H-1B visa applicants, targeting professionals in highly skilled fields often recruited by major U.S. tech companies. According to an internal State...

Science

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp

The European Commission is reportedly preparing to launch a new antitrust investigation into Meta Platforms Inc. (NASDAQ: META) over the companys recent rollout of artificial intelligence features within WhatsApp....

Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX

OpenAI CEO Sam Altman reportedly explored raising significant capital to acquire or partner with a rocket company, a move that could have created direct competition with Elon Musks SpaceX. According to a report from the...

Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation

Wikipedia is seeking additional licensing deals with major technology companies to address the growing financial burden caused by artificial intelligence firms heavily scraping its platform, according to co-founder Jimmy...

Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature

Firelight reaches 25M XRP deposit cap within hours of launch; ushers in a new era for decentralized XRP staking. A new XRP staking platform, Firelight, has officially launched on the Flare blockchain, marking the first...

OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities

OpenAI has confirmed plans to acquire Neptune, a startup known for its advanced tools that help companies track, monitor, and optimize AI model training workflows. Although the company did not release the financial details...