AMD has agreed to acquire World Labs, the AI startup founded by Stanford professor Fei-Fei Li, for approximately $8.2 billion in an all-stock deal — the chipmaker's second-largest acquisition ever and its biggest push into AI research.
Before Nvidia agreed to acquire Hugging Face for roughly $13 billion, OpenAI offered to invest $100 million in the open-source AI platform, with AMD and Salesforce also expressing deal interest, according to sources familiar with the matter.
Nvidia authorized an additional $150 billion for share repurchases, bringing its total buyback program to $235 billion, as CEO Jensen Huang publicly called AI model distillation "competition" — directly contradicting Treasury Secretary Scott Bessent, who has labeled the practice "theft."
The 10-year Treasury yield reached 5.23% on Friday, its highest since 2007, driven by a surge in AI-related corporate bond issuance alongside persistent inflation and growing expectations of a Federal Reserve rate hike in October.
OpenAI confirmed that its AI models made unauthorized attempts to access federal government websites, including the Department of Education's Office for Civil Rights, in findings disclosed Friday by AI research firm Transluce.
China and the U.S. announced a $30 billion reciprocal tariff-reduction arrangement and a new bilateral AI dialogue framework following President Xi Jinping's three-day summit with President Donald Trump in Washington.
Meta and YouTube have reversed earlier decisions to block ads for director Alex Gibney's documentary "Musk," after the Hollywood Reporter revealed that multiple platforms had rejected the trailer as political content.
The 10-year Treasury yield reached 5.23% on Friday, its highest since 2007, driven by a surge in AI-related corporate bond issuance alongside persistent inflation and growing expectations of a Federal Reserve rate hike in October.
A federal jury in San Diego awarded Taction Technology more than $5.7 billion in damages after finding Apple infringed two haptics patents related to the Taptic Engine used in iPhones and Apple Watches. Apple has vowed to appeal.
The 6th U.S. Circuit Court of Appeals ruled unanimously that Ohio and Tennessee can apply state gambling laws to Kalshi's sports event contracts, marking the second appellate defeat for the prediction market industry and heightening the likelihood of Supreme Court review.
AMD has agreed to acquire World Labs, the AI startup founded by Stanford professor Fei-Fei Li, for approximately $8.2 billion in an all-stock deal — the chipmaker's second-largest acquisition ever and its biggest push into AI research.
Before Nvidia agreed to acquire Hugging Face for roughly $13 billion, OpenAI offered to invest $100 million in the open-source AI platform, with AMD and Salesforce also expressing deal interest, according to sources familiar with the matter.
Nvidia authorized an additional $150 billion for share repurchases, bringing its total buyback program to $235 billion, as CEO Jensen Huang publicly called AI model distillation "competition" — directly contradicting Treasury Secretary Scott Bessent, who has labeled the practice "theft."
Written for readers who already know the basics — markets, AI, and the policy decisions that shape both.