Nvidia Meta $3 billion is the headline figure in a deepened artificial intelligence partnership announced on Tuesday, October 27, as the chipmaker agreed to invest $3 billion in Meta’s equity offering while the two companies expand their work on the Muse AI assistant and related models. The deal, reported by Reuters and Dow Jones, ties … Read more
The Anthropic IPO filing landed on Monday morning and immediately sharpened Wall Street’s central debate: whether the artificial intelligence boom is still a sound investment, or whether the industry is spending faster than it can earn. Wall Street’s main indexes edged higher on Monday, led by technology shares, as investors assessed the filing at the … Read more
The American Express job cuts announced on Friday will eliminate about 3,500 positions, or roughly 5% of the company’s global workforce, even as the card giant reported sharply higher profits and raised its full-year earnings forecast. Chief Executive Stephen Squeri disclosed the plan on the company’s third-quarter earnings call, saying the restructuring is designed to … Read more