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On January 28, 2025, the SoftBank logo will be displayed at directly managed stores in Tokyo. Kazunari Kato | ReutersSoftBank’s rise to become Japan’s most valuable company has put the conglomerate in the spotlight and raised questions about whether it is taking too much risk with its highly leveraged bets on artificial intelligence.Shares in the Japanese technology investment giant, led by founder Masayoshi Son, have soared about 70% this year on investor enthusiasm for AI, driven by the soaring valuation of chip design company Arm Holdings and hopes that OpenAI could make a major initial public offering this year. The…
Just when you thought the AI data center boom couldn’t get any crazier, Meta built a data center inside a tent. This strategy seems to borrow equal parts from Tesla and xAI. To cut construction time in half, Meta built six tents, or what the company calls “rapid deployment structures,” outside New Albany, Ohio, said Michael Thomas, founder of Cleanview, which tracks data center deployments. Thomas’ discovery is not entirely new. Meta CEO Mark Zuckerberg told the Information last year about plans to use weatherproof tents to house the company’s multi-gigawatt data centers. But Thomas’ images and review of local…
Global biopharmaceutical M&A is on the rise, with the sector on track for its strongest year since its pre-pandemic peak seven years ago.Driven by the looming patent cliff, a newly booming public market, and big pharma’s race to shore up its pipeline, deal value has reached $106 billion in 201 deals through 2026, according to PitchBook data.If the current pace of biopharmaceutical M&A continues for the rest of this year, industry deal value could be on track to exceed $250 billion, potentially making it the strongest year for biotech and pharma since their peak in 2019.Rajesh Kumar, head of life…
Supabase CEO and Co-Founder Paul Copplestone (left) and Chief Technology Officer and Co-Founder Ant Wilson.Provided by: Spa Base Co., Ltd.Vibe coding requires infrastructure. Supabase is trying to provide that. The startup, which develops backend tools for building artificial intelligence apps, announced Thursday that it has raised $500 million at a valuation of $10.5 billion. This is the latest sign that venture investors are pouring money into every corner of the growing AI market. Supabase’s valuation has nearly doubled since its last funding round in October, riding the wave of AI-assisted coding that allows developers and people with no technical skills…
Elon Musk introduced himself and Grimes’ baby boy XÆA-12 to the world on Twitter in May 2020. He later revised the spelling of the name to meet California’s legal guidelines, which allow only the English alphabet. Switching to Roman numerals, his parents agreed to spell his name X Æ A-Xii. “X, unknown variable,” Grimes explained on Twitter. “Æ, my elf spelling of Ai (love and/or artificial intelligence). A-12 = predecessor to the SR-17 (our favorite aircraft). No weapons, no defenses, just speed. Superior in combat, but non-violent.” “A=Archangel, my favorite song,” Grimes continued, adding a mouse and sword emoji. “Metal…
There were no handshakes or photos when Russia’s Mila Andreva defeated Ukraine’s Marta Kostyuk to reach the French Open tennis final.by Kevin Hand, News Agency and Associated PressPublished June 4, 2026June 4, 2026Russian teenager Mila Andreeva reached her first Grand Slam final, defeating Marta Kostyuk 6-1, 6-3 in a tense match at the French Open.Andreeva converted her first match point when serving time in Thursday’s tennis match.Recommended stories list of 4 itemsend of listBut there was no post-match handshake between the two sides, and Kostyuk quickly walked away, simply waving and blowing kisses to the crowd at Philippe Chatrier’s court,…
Universal Music Group NV offices are located in London, United Kingdom, Tuesday, April 7, 2026. Chris Ratcliffe | Bloomberg | Getty ImagesEuropean stocks closed higher on Thursday amid rising tensions between Washington and Tehran, despite a ceasefire agreed between Israel and Lebanon on Wednesday night.pan-european Stocks 600 Regional sectors were mixed as major exchanges in London, Paris, Frankfurt and Milan all closed in positive territory, reversing morning losses to close 0.4% higher.In corporate news, universal music group Shares closed 5.8% lower on the day after reports that Pershing Square was selling its stake in the group after two failed acquisition…
Martinez, California is located approximately in the San Francisco Bay Area from Silicon Valley. This small city on the northeastern edge of the bay is home to Hello Robot, a startup that is itself as far removed from the maximalist promises of its robotics rivals 45 miles to the south. Hello Robot released the fourth version of its home support robot “Stretch” last month. And it may be a stretch to call it a humanoid robot. Stretch boasts a vaguely human-like torso and a sensor-studded head, but his telescoping arms have a pair of pincers and he moves around on…
Jim Cramer’s CNBC Investment Club hosts a “Morning Meeting” livestream every weekday at 10:20 a.m. ET. A recap of Thursday’s key moments. 1. Stocks were mixed Thursday as investors moved away from AI hardware stocks and into healthcare, financials and other laggard sectors. Jim believes the recent weakness in tech stocks reflects broader rotation rather than deteriorating fundamentals. Health care stocks led the gains, with club holdings Eli Lilly and Johnson & Johnson up about 5.5% and 2%, respectively. While investors have profited from some of the market’s biggest AI winners, Jim expects this shift to be temporary and that…
summary A member of the board appointed by President Trump to approve the White House renovation plan attended the Russia Economic Forum in St. Petersburg. The Kremlin described Rodney Mims Cook Jr. as the leader of the first official U.S. delegation to the event in years, but Secretary of State Marco Rubio said he was unaware of the existence of such a delegation. Conservative podcaster Candace Owens and Hollywood actor Steven Seagal also attended the forum, which has seen a decline in Western participation since Russia’s invasion of Ukraine. AI-generated summaries were reviewed by CNN editors. moscow — The guest…