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Chip selloff erases over $1 trillion in stock market value Source link
But in its final decision, the S&P Dow Jones Indices stated that “no changes will be made to the eligibility criteria including financial viability screens, seasoning period, or minimum IWF.” Even after the standard yearlong wait, SpaceX, Anthropic, and OpenAI may struggle to deliver the consistent profitability necessary to qualify for the S&P 500. Money rules and exceptions Swift entry into the S&P 500 would have triggered $14 billion of passive fund buying for SpaceX, according to Bloomberg Intelligence. The investment research arm of Bloomberg also estimated that OpenAI could have gained more than $8 billion, and Anthropic could have…
The US vice president wrote the “only response is righteous anger” when referring to Henry Nowak’s death on X. Source link
(L-R) Google CEO Sundar Pichai speaks with Tesla and SpaceX CEO Elon Musk as they arrive for the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on January 20, 2025. Saul Loeb | Afp | Getty ImagesDays before a planned IPO that’s expected to bring in record sums of cash, SpaceX has inked a deal with Google that will bring in $920 million a month by providing AI compute capacity to the search giant.According to a filing on Friday, Google will use about 110,000 Nvidia graphics processing units,…
New York passes bill banning prices based on personal data Source link
Mark Zuckerberg, CEO of Meta, is seen in the U.S. Capitol after a meeting in the office of Senate Majority Leader John Thune, R-S.D., on Thursday, March 26, 2026.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesMeta shares dropped more than 5% on Friday after the Financial Times reported that the company could potentially raise tens of billions of dollars in a stock offering to fund its artificial intelligence investments.The social media company is pondering the potential stock sale, the FT reported, after rival Alphabet said this week that it plans to raise $85 billion from selling equity, increasing that…
Actors have had their voices cloned by an AI fueled disinformation campaign that’s targeting Armenia. Source link
Options traders are storming into bets against crypto’s most vocal evangelist Michael Saylor. Call it mutiny on Strategy.Flows around Saylor’s Strategy (MSTR) and the company’s variable-rate preferred stock STRC are turning bearish this week after traders had been more balanced in the preceding month despite a steady decline in bitcoin that began in mid-May.More than twice as many puts traded versus calls in Strategy Friday and more than three times as many puts were bought than calls, on almost three times the daily average volume the past month. Of the $335 million in premium traded as of writing, $250 was…
OpenAI CEO Sam Altman and the White House are in ongoing talks about a possible government stake in the artificial intelligence company, CNBC confirmed on Friday.The discussions have been in progress for more than a year, as Altman first shared the idea with the Trump administration in 2025, according to a source familiar with the matter who asked not to be named because the details are confidential. The talks continued this week as Altman met with a range of lawmakers and officials in Washington, D.C., about regulation and the latest developments in AI.As part of the potential agreement, OpenAI could…
Arm, Marvell among market cap stock movers on Friday Source link
