Topic: executive statements
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OpenAI and Nvidia's $100B AI Plan Needs Power of 10 Nuclear Reactors
OpenAI and Nvidia have formed a partnership to deploy 10 gigawatts of Nvidia systems, backed by up to $100 billion, to power OpenAI's future AI development, with the first phase operational in late 2026. The 10 gigawatts of compute power, equivalent to the output of 10 nuclear plants, will serve ...
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Volvo's Major Expansion Plans for South Carolina Factory
Volvo is expanding its South Carolina factory as part of its strategy to transition to a fully electric lineup by 2040, reinforcing its commitment to the U.S. market. The plant, which now produces the all-electric EX90 SUV and Polestar 3 after ending S60 sedan production, is operating below its 1...
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GM Slows EV Production Ahead of Tax Credit Expiration
General Motors is reducing production of key electric vehicle models due to an anticipated drop in consumer demand, particularly as the federal tax credit for EVs is set to expire. Production adjustments include temporary pauses and slowdowns at facilities in Tennessee and Kansas, leading to layo...
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Hyundai Slashes Ioniq 5 Price for 2026 Model
Hyundai has significantly reduced prices for its 2026 Ioniq 5 lineup, making the electric crossover more competitive and accessible, with the base model dropping to $35,000 and higher trims seeing discounts of up to $9,800. The price cuts apply universally to all qualified buyers for U.S.-manufac...
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Is the Web Thriving or Dying? Google's Uncertain Stance
Google presents conflicting views on the health of the open web, with executives publicly claiming it is thriving while legal filings argue it is in rapid decline. The company's legal stance appears aimed at opposing regulatory actions, such as divesting parts of its advertising business, raising...
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Microsoft Denies Rumor of Xbox Next-Gen Hardware Cancellation
Microsoft has denied rumors of canceling next-generation Xbox hardware, confirming ongoing investment in first-party consoles and devices, including a partnership with AMD for custom silicon. Recent Xbox business changes include price increases for Xbox Game Pass Ultimate and consoles, as well as...
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AMD to power OpenAI with $10B+ chip deal for 6GW compute
AMD has entered a multi-year agreement to supply OpenAI with six gigawatts of compute capacity using its Instinct GPU accelerators, starting with the MI450 series in late 2026. As part of the deal, OpenAI received an option to purchase up to 160 million AMD shares, vesting with compute delivery a...
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