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News
DeepSeek's New AI Model Spooked Samsung and SK Hynix Investors
9+ hour, 37+ min ago (330+ words) DeepSeek's new V4.1 Flash model claims a fourfold cut in KV cache memory use, and Korean investors reacted fast: Samsung fell 3.5% and SK Hynix 2.2% in Seoul on September 11 while Micron and SanDisk held steady in the US. The drop came just…...
Saudi Arabia's PIF Weighs Combining EA With Its Savvy Gaming Empire
2+ day, 20+ hour ago (283+ words) Bloomberg reports Saudi Arabia's PIF is weighing whether to merge Electronic Arts with Savvy Games Group after closing its $55 billion EA buyout in August. The move, which follows Savvy CEO Brian Ward's abrupt departure, would combine EA's blockbuster franchises with…...
Germany Moves to End Its Tax-Free Bitcoin Rule Starting in 2028
3+ day, 6+ hour ago (233+ words) Germany's Finance Ministry has drafted a bill ending the country's one-year tax-free holding rule for crypto, moving gains to a flat 25% tax starting in 2028. The change applies to crypto bought after January 1, 2027, while grandfathering older holdings under the current exemption....
Wall Street Now Sees Coin-Flip Odds the Fed Hikes Rates Next Week
3+ day, 13+ hour ago (569+ words) Futures traders have flipped from pricing rate cuts to giving a September Fed rate hike roughly a coin-flip chance, after Fed Chair Kevin Warsh's hawkish Jackson Hole speech and a blowout August jobs report. A US-Iran oil shock pushing Brent…...
Saudi's Humain Preps IPO and 2.5 Billion Dollar Fund to Build AI Data Centers
4+ day, 25+ min ago (183+ words) Humain, the Saudi PIF-owned AI company, is raising an initial $2.5 billion fund through BSF Capital to finance gigawatt-scale data centers and has begun recruiting a team to prepare for a dual IPO in Saudi Arabia and New York. The move…...
Amazon and Alphabet's AI Bond Binge Is Repricing Debt Markets Worldwide
4+ day, 7+ hour ago (193+ words) Hyperscalers issued roughly $220 billion in bonds in 2026 alone, already topping all of 2025, and their expansion into Swiss franc, Canadian dollar and sterling debt markets is pushing up borrowing costs for every other issuer competing for the same capital. SoftBank's looming…...
Kioxia CEO Rules Out an SK Hynix Merger While Vowing to Tame Chip Prices
4+ day, 10+ hour ago (383+ words) Kioxia CEO Hiroo Ota shot down speculation of a formal tie-up with SK Hynix, citing antitrust hurdles and Kioxia's joint manufacturing with Sandisk. He also pledged to keep AI-driven memory prices from spiraling, even as Kioxia's own profit jumped 48-fold…...
Qualcomm Strikes AI Chip Deal With Amazon and Hands Over a $4 Billion Stake
4+ day, 22+ hour ago (307+ words) Qualcomm and Amazon Web Services announced a multi-generation deal to co-develop custom AI inference chips and 1.6 Tbps optical interconnects for AWS data centers. Qualcomm issued Amazon a warrant worth roughly $4 billion in stock, and shares jumped nearly 10 percent on the…...
Sequoia's Konstantine Buhler Bets AI Will Claim 99.9% of Human Thinking
5+ day, 6+ hour ago (457+ words) Janet Harrison has over 16 years experience in the financial services industry giving her a vast understanding of how news affects the financial markets, and an early adopter of blockchain technology and digital currencies. Janet is an active holder and trader…...
Firmus Kicks Off Roadshow for a Landmark Nvidia-Backed Australian AI IPO
5+ day, 7+ hour ago (397+ words) Firmus Technologies, the Nvidia-backed Australian AI data-center builder behind Project Southgate, began investor roadshow meetings in Sydney and Melbourne this week ahead of a planned ASX listing. Bankers are targeting an October float that could value the company at up…...