What Is The $450 Million PFAS Settlement Against Chemours
The Delaware-based company will pay a $22.5 million civil penalty and invest $90 million over 15 years to reduce PFAS discharges in New Jersey, North Carolina and West Virginia
Business
Why Are Tech Stocks Rebounding After The AI Sell-Off
Shares of memory manufacturers Micron and Sandisk moved higher after suffering double-digit declines on Tuesday, while the Roundhill Memory ETF also posted gains.
OpenAI Launches Custom Chip With Broadcom To Reduce Nvidia Dependence
The chip will be manufactured by Broadcom and used primarily for AI inference, the computing process that powers responses in ChatGPT and other applications. OpenAI President Greg Brockman sai
Meta Bets On Affordable AI Wearables With New Smart Glasses
The new Meta Glasses start at $299, undercutting the company's Ray-Ban-branded models, which begin at $379
Oracle Shrinks Workforce As Tech Giants Double Down On AI
The adoption of AI technologies across its operations has contributed to workforce reductions and could lead to further cuts
Tech Stocks Tumble Worldwide, Dragging Markets Lower
Nasdaq 100 futures fell 2.7% ahead of trading, while semiconductor stocks such as Intel, Micron, AMD and Nvidia posted notable pre-market losses.
What Is Driving Investor Concern Around Alphabet’s AI Strategy
The departures raised fresh questions about Google’s ability to retain top AI researchers despite significant investments in the sector
Canada’s Inflation Rate Climbs to 29-Month High In May
According to data released by Statistics Canada, consumer prices rose faster than economists had anticipated, marking the first time inflation has exceeded three per cent since 2023.
EV Maker Lucid Announces 1,500 Job Cuts
The restructuring includes the elimination of the chief operating officer position and operational changes at Lucid's manufacturing facility in Casa Grande, Arizona.
China Imposes New Export Controls On U.S. Companies
Chinese officials said the actions were necessary to protect national security and respond to recent U.S. policies affecting Chinese technology and defense-linked enterprises.
What Is SpaceX’s $6.3 Billion Computing Deal With Reflection AI
Under the agreement, Reflection AI will gain access to high-performance Nvidia GB300 graphics processing units beginning July 1, 2026.
WhatsApp Gets New CEO As Meta Backs India's Cred With Fresh Funding
As part of the transition, Meta will invest approximately $900 million in Cred at a reported valuation of $4.5 billion.
Elon Musk’s SpaceX Launches Bond Sale After Record-Breaking IPO
The fundraising effort follows SpaceX’s blockbuster IPO, which raised nearly $86 billion and significantly boosted its market valuation.
How Chevron Will Supply Energy To Microsoft’s Texas Data Center
The facility is expected to consume nearly 2.7 gigawatts of electricity, an amount comparable to the power needs of roughly 2 million homes.
The Musk Trillionaire Panic Is A Distraction
Musk already had the highest net worth in the world before SpaceX went public.
Indian Telecom Giant Jio Moves Ahead With IPO
Speaking at Reliance Industries’ annual shareholder meeting, Mukesh Ambani said the listing would showcase India’s ability to build technology companies with global scale and influence.