OpenAI Shuts Down Sora Video Model Amid Soaring AI Costs
OpenAI is shutting down its Sora video generation model, citing undisclosed reasons. Reports suggest the product may have been costing up to $15 million per day...
News - Page 26
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Latest News
SpaceX Prepares IPO Filing That Could Value Company Above $1.5 Trillion
SpaceX is preparing to file for an initial public offering as soon as this week, with reports suggesting a potential raise of over $75 billion. The...
Meta Targets $9 Trillion Valuation With New Executive Incentive Plan
Meta has introduced a new executive incentive program tied to a $9 trillion valuation target. The move underscores its aggressive push to lead the artificial intelligence...
Oil Prices Drop After Trump Delays Potential Strikes on Iran Energy Sites
Oil prices fell sharply after President Donald Trump postponed potential U.S. strikes on Iran’s energy infrastructure. The delay eased fears of immediate supply disruptions in the...
Gold Suffers Worst Weekly Drop in Over 40 Years as War and Rates Hit Demand
Gold recorded its steepest weekly decline in more than four decades, falling 11% to $4,488 per ounce. Rising oil prices and expectations of prolonged high interest...
Kalshi Raises $1 Billion at $22 Billion Valuation in Major Funding Round
Kalshi has raised more than $1 billion in a new funding round, valuing the prediction market platform at $22 billion. The deal highlights growing investor interest...
S&P 500 Licensed for Crypto Perpetual Contracts in Hyperliquid Deal
S&P Dow Jones Indices has licensed the S&P 500 for use in perpetual futures contracts on Hyperliquid. The move brings a major equity benchmark into the...
Nissan to Export U.S. – Built Vehicles to Japan in Strategic Shift
Nissan plans to export U.S.-built vehicles to Japan, joining Toyota and Honda in reversing traditional trade flows. The move reflects shifting global production strategies in the...
EU Unveils ‘EU Inc’ Plan to Simplify Cross-Border Business Formation
The European Union is set to introduce a new “EU Inc” company structure aimed at simplifying cross-border business operations. The initiative seeks to reduce regulatory friction...
Nvidia and Uber Plan Robotaxi Rollout Across 28 Cities by 2028
Nvidia and Uber announced plans to launch Level 4 autonomous robotaxis in 28 cities by 2028. The partnership aims to scale AI-powered self-driving fleets across major...
Nvidia Targets $1 Trillion in AI Chip Revenue by 2027
Nvidia expects cumulative revenue from AI chips to reach $1 trillion by the end of 2027, according to CEO Jensen Huang. The forecast doubles the company’s...
Meta Invests $27B in Nebius as AI Infrastructure Race Intensifies
Meta has invested $27 billion in AI cloud company Nebius as it races to secure computing power for artificial intelligence development. The deal highlights growing demand...