Tesla investors have overwhelmingly approved a compensation package that could make Elon Musk the world’s first trillionaire. The deal requires Tesla to achieve nearly impossible growth targets in vehicle production, robotaxis, and humanoid robots. Shareholders see it as essential to keeping Musk fo
US tech stocks are heading for their worst week since April after an AI-driven sell-off wiped nearly $900 billion from major companies. Nvidia alone lost over $430 billion in market capitalization amid growing concerns about China’s AI advances and OpenAI’s financial stability.
Saudi Arabia’s AI venture Humain is partnering with data center developer DataVolt to build a massive data center pipeline. The collaboration aims to support the kingdom’s ambitions to become a major player in AI infrastructure. Humain plans to deliver 6.4GW of data center capacity over the next dec
The BRICS consortium is developing gold settlement architecture as protection against global financial instability. They’re looking at implementing gold checking accounts that would function like regular bank accounts but be denominated in grams of gold. This would enable gold-denominated payments b
The Army is pouring nearly $100 million into Next Generation Command and Control prototypes, led by Anduril with Palantir and Microsoft. After decades of failed attempts at battlefield connectivity, they’re betting commercial tech and space networks can finally deliver. But the track record isn’t pr
Stockholm-based Legora just raised $150 million at a $1.8 billion valuation to challenge Harvey in the legal AI race. Their Portal product promises law firms new revenue streams, but enterprise legal teams have serious conflict concerns.
The AI boom is creating an unprecedented energy crisis that renewable sources can’t solve. A Purdue professor says we need the equivalent of 77 new nuclear reactors annually by 2028. The solution lies in small modular reactors co-located with data centers.
The ongoing government shutdown means no official jobs report for the second straight month. Private data from ADP, Indeed, and others shows announced job cuts skyrocketing while hiring cools. Economists are piecing together a concerning picture of the labor market.
Grand Theft Auto VI faces another major delay, now scheduled for November 19, 2026. Take-Two’s CEO insists the extra development time will help exceed fan expectations. The announcement came alongside mixed results for other recent releases.
British broadcaster ITV confirmed talks with Comcast’s Sky over selling its media and entertainment unit for £1.6 billion. The division includes ITV’s free-to-air channels and ITVX streaming platform. ITV’s advertising revenue is expected to drop 9% in the final quarter of 2023.
