Economist David McWilliams believes the AI investment frenzy is built on what he calls ‘digital lettuce’ – rapidly outdated GPU technology that’s bound to wilt. He arrived in the U.S. just 24 hours before his Fortune interview and immediately sensed the ‘boominess’ of American financial culture. Des
Apple’s Friday Night Baseball will continue unchanged through the 2028 season despite MLB’s new streaming partnerships. The tech giant maintains its exclusive Friday doubleheaders while competitors grab other MLB content. This confirms Apple’s commitment to sports streaming despite the crowded field
Gloo’s Nasdaq debut marks a rare religious sector IPO, valuing the company at nearly $586 million. The Christian tech platform provides AI tools to over 140,000 faith leaders and raised $72.8 million despite pricing below its initial range.
Walmart is in talks to acquire Israeli-founded startup R&A Data, which helps detect scams and counterfeits on online marketplaces. The move comes as Walmart’s third-party marketplace becomes crucial to its growth strategy, with U.S. e-commerce surging 25% last quarter. This acquisition follows CNBC’
Airbus is shifting unfinished A350s to multiple separate stations to complete cabin installation, aiming for 12 aircraft per month by 2028. The company continues facing supply chain bottlenecks including seats and lavatories, while engine shortages plague narrowbody production.
Nvidia reports earnings amid unprecedented AI infrastructure spending. The chipmaker faces questions about sustaining growth as cloud providers commit billions to AI capacity. Even older generation chips remain in high demand.
Walmart and Target both announced CEO transitions, but the market reactions couldn’t be more different. While Walmart’s planned succession from Doug McMillon to John Furner has investors confident, Target’s move to Michael Fiddelke with former CEO Brian Cornell staying as executive chairman has rais
Anthropic plans to spend $30 billion on Nvidia-powered compute through Microsoft Azure. In return, Nvidia will invest up to $10 billion in Anthropic, with Microsoft adding another $5 billion. The circular deal highlights growing concerns about an AI bubble.
Amazon’s AWS and Microsoft’s Azure face European Union scrutiny over potential anticompetitive practices in the cloud sector. The investigation launched Tuesday will assess whether the dominant platforms act as gateways that limit market competitiveness.
The gaming industry is undergoing a fundamental shift toward PC platforms and open ecosystems according to Take-Two’s CEO. While consoles aren’t disappearing, the market dynamics are changing as PC gaming continues to grow and even Microsoft rethinks its approach to hardware.
