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07Jan

Barclays buys stake in U.S. stablecoin firm Ubyx, eyes new digital money

Barclays has bought a stake in U.S. stablecoin-settlement company Ubyx, its first such investment and part of its plans to explore "new forms of digital money", the British bank said…

07Jan

xAI Raises $20B in Oversubscribed Series E to Scale AI Models and Compute

Elon Musk's artificial intelligence startup xAI announced Tuesday it raised $20 billion in an upsized Series E funding round, exceeding its $15 billion target as it ramps up development of…

07Jan

Huawei spin-off xFusion taps Citic for IPO as AI investor frenzy builds

Shanghai: China's leading AI server provider xFusion has hired Citic Securities in preparation for an initial public offering, regulatory disclosure showed, adding the Huawei spin-off to a list of tech…

07Jan

BlueScope Investors Push for Higher Buyout Offer to Back A$13.2bn Deal

Sydney: BlueScope Steel investors said they are hoping a A$13.2 billion ($8.92 billion) buyout bid for the company from SGH and U.S.-based Steel Dynamics will be raised to win their…

07Jan

Lenovo Teams Up With Nvidia to Fast-Track AI Data Centres

China's Lenovo, the world's largest personal computer maker, on Tuesday said it has teamed up with U.S. AI chip leader Nvidia to help AI cloud providers quickly put data centres…

07Jan

Hyundai Motor shares jump nearly 15% to record high on Nvidia tie-up buzz

Seoul: Shares of Hyundai Motor rallied on Wednesday by as much as 14.9% to hit a record high in morning trade, outperforming the benchmark KOSPI's 1.2% gain amid market speculation…

07Jan

Venezuela agrees to export up to $2 billion in crude to the US, Trump says

Houston/Washington: Caracas and Washington have reached a deal to export up to $2 billion worth of Venezuelan crude to the United States, U.S. President Donald Trump said on Tuesday, a…

07Jan

Berkshire Hathaway Raises New CEO Greg Abel’s Pay to $25 Million

Berkshire Hathaway said on Tuesday it raised the salary of new Chief Executive Greg Abel to $25 million, far exceeding the $100,000 annual salary that his predecessor Warren Buffett accepted…

07Jan

Mobileye to buy humanoid robotics startup Mentee Robotics for $900M

Las Vegas: Mobileye Global on Tuesday said it would acquire humanoid robotics startup Mentee Robotics for about $900 million, as the Israeli self-driving technology firm bets on what it sees…

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