Supreme Court Rejects Laura Loomer’s Lawsuit Against Social Media Giants
The Supreme Court on Monday declined to consider an appeal filed by Laura Loomer, a prominent far-right influencer and ally of President Donald Trump, who had sued social media companies…
AMD Strikes Multi-Billion Dollar Deal to Power OpenAI With 6GW of Compute
AMD has formalized a multi-year chip supply agreement with OpenAI that has the potential to generate tens of billions of dollars in revenue for the chipmaker, significantly accelerating its standing…
Asian Fast-Fashion Giant Shein Makes Retail Debut in France
Asian fast-fashion giant Shein has chosen France as the location to open its first permanent physical outlets. The company, which has primarily operated online, will occupy “shop-in-shop” concessions first in…
OpenAI Employees Cash Out $6.6 Billion, Pushing Valuation to $500B
OpenAI has finalized a secondary share sale totaling $6.6 billion, a transaction that allows current and former employees to sell stock at a record $500 billion valuation. This latest valuation…
Taiwan Resists U.S. Pressure to Relocate Half of Its Chip Production
Taiwan will not accept a proposal from Washington to locally manufacture half the chips it currently supplies to the U.S., the island’s top trade negotiator said. Speaking to reporters on…
OpenAI’s Big Week Reshapes AI Race, Investors Say It’s Not “Crazy”
OpenAI has redefined what momentum and risk look like in the artificial intelligence arms race. In a rapid-fire series of announcements, the company unveiled partnerships involving staggering sums of money…
Disney Sent Cease and Desist Letter to Character.AI over Use of Copyrighted Characters
The Walt Disney Company has sent a cease and desist letter to Character.AI, warning the artificial intelligence startup to stop using copyrighted characters without authorization. A Disney spokesperson confirmed the…
Toyota Adds Another $1.5 Billion to its Bet on Startups at Every Stage
Toyota is pledging $1.5 billion in new capital, demonstrating a growing interest in the startup ecosystem. The money will be used to invest in the full life cycle of a…
Trump Previews $500 Million Deal with Harvard on Trade Schools
President Donald Trump on Tuesday previewed a $500 million deal with Harvard University, following months of talks about a potential settlement. The proposed deal, which would restore federal funding to…
Spirit Airlines on Track for a $475 Million Bankruptcy Lifeline
Spirit Airlines is making “massive progress” in its effort to revitalize the airline, according to its restructuring lawyer, Marshall Huebner. The struggling budget carrier has reached an agreement with some…
YouTube Agrees to Pay Trump $24.5 Million to Settle Lawsuit over Suspended Account
YouTube has agreed to pay $24.5 million to settle a lawsuit involving the suspension of President Donald Trump’s account following the U.S. Capitol riots on January 6, 2021. According to…
DJI Loses Lawsuit over Classification as Chinese Military Company
A federal judge has rejected drone maker DJI’s efforts to get off a Department of Defense (DoD) list of Chinese military companies. On Friday, U.S. District Judge Paul Friedman ruled…