AI chip maker SambaNova raises $1B at $11B valuation, 5 months after last mega round

AI chip company SambaNova Systems has raised $1 billion at an $11 billion valuation led by General Atlantic, in a first close of its Series F round, with more investors expected to join...

Why have half a million Russians gone bankrupt amid Ukraine war? | Russia-Ukraine war News

Half a million Russians declared bankruptcy last year as the country’s banking institutions bear the brunt of the cost of the war in...

Zelensky presses Nato for air defence systems after intense Russian strikes

The campaign targets have been high profile.An oil terminal in St Petersburg was hit with drones ahead of Putin's showpiece economic forum in...

How conflict minerals fuel war in eastern DR Congo amid US sanctions | News

Bukavu, Democratic Republic of the Congo – The United States has imposed sanctions on Rwandan businessmen and companies it says are helping finance...

Ukraine hits major oil terminal in Russia’s St Petersburg

Zelensky said on Saturday morning that the targets hit in St Petersburg and the surrounding region were about 850km (528 miles) from Ukraine's...
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AI’s productivity gains are years away, but failing to deliver could make debt levels even worse

Economists are waiting for data to indicate AI has delivered on its promises of productivity gains, but that moment is likely years away,...

OPEC+ to pump more oil as market fears shift from shortage to glut 

OPEC+ has agreed to raise oil production by a further 188,000 barrels per day from August, marking the fifth consecutive monthly increase in output...

Trump rings opening bell for Trump Accounts as Treasury commits $1.4 billion in seed money

Monday marked a historic day at the White House for two reasons: it was the first time a sitting president rang the opening...

SK Hynix stock’s US listing could signal whether the market can still boom—or is headed for a bust

South Korean chipmaker SK Hynix isn’t one of the Magnificent 7 stocks but is in a class of its own after pulling off...

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