TheBuzz24

Alibaba Cloud has led a 2 billion yuan investment into ShengShu, the startup behind the AI video generation tool Vidu. The fundraiser aims to move beyond text-based AI toward real-world simulation tech. That’s a different kind of AI than what underpins chatbots, and one required to advance robotics. BEIJING — Alibaba Cloud is investing in […]

A Senate hearing for Federal Reserve chair nominee Kevin Warsh won’t be held next week as planned. The committee set to hear Warsh’s nomination hasn’t received the paperwork that it needs with enough time to schedule the hearing, the public familiar with the matter told CNBC. The Trump administration is hoping to get Warsh to […]

China’s factory-gate prices rose for the first time in more than three years, climbing 0.5%. Consumer prices rose 1% in March from a year earlier, missing economists’ forecast. Gasoline prices jumped 11.1% from the prior month, even as Beijing sought to cap the fuel price hikes. Economists warned that input-cost shock could spark “bad inflation” […]

Artificial intelligence lab Anthropic is exploring the possibility of designing its own chips, three sources said, as the enterprise and its rivals respond to a shortage of AI chips needed to power and develop more advanced AI systems. The plans are in early stages and the firm may still decide to only buy AI chips and not design any, according to two individuals with knowledge of the matter and one person briefed on Anthropic’s plans. The […]

The European Commission has issued more than $7 billion in fines to U.S. Substantial Tech companies over the past two years. Trump officials are increasingly clashing with the EU over fines and investigations of American tech companies. “All companies doing business in the EU are accountable to the European individuals and should respect the rules […]

Dated Brent is considered the real-world price tag of crude oil. The spot price of this benchmark rebounded on Thursday, as oil traders closely monitor a fragile ceasefire between the U.S. and Iran. Energy analysts warn the temporary truce is not likely to alleviate acute signs of stress in the physical oil economy. The fluctuating […]

Eli Lilly’s sector share in India’s weight‑loss drug marketplace fell to 56% in March from 61% in February. Indian generic drugmakers have launched 26 brands of semaglutide that directly compete with Novo Nordisk’s Ozempic and Wegovy. The economy share of India’s most popular weight‑loss drugmaker, Eli Lilly, slipped in March, while rival Novo Nordisk held […]

Oil prices traded higher as tanker traffic through the Strait of Hormuz remains at a near standstill. Supply disruptions in Saudi Arabia have also raised production concerns. Saudi Arabia’s key pipeline to the Red Sea was struck in an attack blamed on Iran. Oil prices traded higher on Friday amid persistent tensions around the Strait […]

Stock futures were little changed early Friday as traders kept an eye on the fragile two-week ceasefire between the U.S. and Iran. S&P 500 futures were little changed, while Nasdaq 100 futures traded about 0.15% higher. Futures tied to the Dow Jones Industrial Average were trading flat. Stocks advanced on Thursday, extending their gains this […]

Taiwan Semiconductor Manufacturing Co. (TSMC) reported first-quarter revenue of 1.13 trillion updated Taiwan dollars ($35.6 billion), a 35% year-on-year rise. The chip giant is benefiting from sustained demand for advanced semiconductors from its key customers like Apple and Nvidia. Investors will also be eying earnings from ASML next week, a firm seen as a bellwether […]