Author: Eldin Yovlz

Elon Musk says he is merging SpaceX and xAI in a deal valued at $1.25 trillion, arguing that artificial intelligence must expand into space to meet future computing demands, a claim that has drawn skepticism from analysts.

Stock Widget Nvidia NVDA +4.25% ▲ reported record sales and strong guidance Wednesday, helping soothe jitters about an artificial intelligence bubble that have reverberated in markets for the last week. Sales in the October quarter hit a record $57 billion as demand for the company’s advanced AI data center chips continued to surge, up 62% from the year-earlier quarter and exceeding consensus estimates from analysts polled by FactSet. The company increased its guidance for the current quarter, estimating that sales will reach $65 billion—analysts had predicted revenue of $62.1 billion for the quarter. Shares in the world’s most-valuable publicly listed…

Stock Widget Nvidia Corp. NVDA +5.50% ▲ etched its name deeper into history books Wednesday, becoming the first publicly traded company to eclipse a $5 trillion market capitalization—a staggering milestone that underscores the artificial intelligence revolution’s grip on global markets, even as whispers of an impending bubble grow louder. The Silicon Valley chipmaker’s shares surged as much as 5.5% during the session, closing at $207.04 with 24.3 billion shares outstanding, catapulting its valuation to $5.03 trillion. Just three months after breaching $4 trillion and a mere two years after cracking $1 trillion, Nvidia’s ascent—up 50% year-to-date and over 1,500% in…

Stock Widget Meta Platforms Inc. delivered a resounding third-quarter earnings beat on Wednesday, with adjusted earnings per share of $7.25 topping analyst expectations of $6.69 and revenue surging to $51.24 billion against forecasts of $49.41 billion, as polled by LSEG. The results underscored the social media giant’s robust advertising engine and user engagement amid a resurgent digital ad market, yet Meta META -1.20% ▼ shares tumbled 1.2% in after-hours trading to $582.34, capping a volatile session that saw the stock dip 0.3% during regular hours. Investors, spooked by Meta’s forecast of “significant acceleration” in AI-related infrastructure costs next year—potentially ballooning…

The Cyberspace Administration of China (CAC) and other regulatory bodies have held meetings with these firms and smaller tech companies in recent weeks, questioning the necessity of relying on U.S.-made chips when local options are available.

China’s aggressive push into open-source artificial intelligence (AI) is sending shockwaves through Washington and Silicon Valley, as free-to-use large language models (LLMs) from companies like DeepSeek, Alibaba, and others rapidly gain traction worldwide. These permissively licensed models, which allow developers and corporations to customize and deploy AI for commercial use without costly licensing fees, are reshaping the global AI landscape. This development has sparked alarm among U.S. policymakers and tech giants, who fear that Beijing’s strategy could set a new global standard for AI development, potentially eroding America’s technological dominance. The Rise of Chinese Open-Source AI China’s ascent in open-source…

OpenAI, the trailblazing artificial intelligence company behind ChatGPT, is facing significant turbulence with the recent rollout of its latest language model, GPT-5. Launched earlier this month to its 800 million ChatGPT users, the upgrade promised breakthroughs in coding, creativity, and conversational authenticity. However, a wave of user dissatisfaction, coupled with technical hiccups, has cast a shadow over the release, raising questions about OpenAI’s ability to maintain its dominance in the rapidly evolving AI market. CEO Sam Altman has acknowledged the “bumpy” launch, pledging to address user concerns, including improving the chatbot’s tone and restoring access to older models for paying…

Stock Widget AI startup Perplexity AI has made an unsolicited $34.5 billion bid for Google’s GOOGL -1.20% ▼ Chrome browser. That figure is higher than Perplexity’s current valuation, but the company said several investors have agreed to back the deal. In July, Perplexity was valued at $18 billion as part of an extension that valued the company at $14 billion months earlier. Google did not immediately respond to NYB’s request for comment. The Wall Street Journal was first to report the bid. Perplexity is best known for its AI-powered search engine that gives users simple answers to questions and links out to…

OpenAI on Thursday announced GPT-5, its latest and most advanced large-scale artificial intelligence model. The company is making GPT-5 available to everyone, including its free users. OpenAI said the model is smarter, faster and “a lot more useful,” particularly across domains like writing, coding and health care. “I tried going back to GPT-4, and it was quite miserable,” OpenAI CEO Sam Altman said in a briefing with reporters. Since launching its AI chatbot ChatGPT in 2022, OpenAI has rocketed into the mainstream. The company said it expects to hit 700 million weekly active users on ChatGPT this week, and it is in talks with investors…

Stock Widget The IPO of collaborative design software company Figma FIGMA +250.00% ▲ set Wall Street abuzz after the company’s stock skyrocketed 250% on its debut, briefly valuing the firm at a staggering $60 billion. But while critics claim the underpricing left billions on the table, a deeper look reveals the offering was less a botched move than a strategic play in a flawed, but still functional, system. The central point of contention revolves around the $33 IPO price compared to the stock’s $115.50 opening price. On paper, that discrepancy meant over $3 billion in potential value lost for early…