Topic: wall street journal
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OpenAI and Oracle Seal Historic Cloud Partnership
Oracle's stock surged after announcing multi-billion-dollar cloud deals, including a historic $300 billion agreement with OpenAI set to begin in 2027. OpenAI is diversifying its cloud infrastructure beyond Microsoft Azure, partnering with Oracle and Google to meet its massive computational demand...
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AI Expert Andrew Tulloch Joins Meta from Thinking Machines Lab
Meta has hired Andrew Tulloch, a prominent AI researcher and co-founder of Thinking Machines Lab, as part of its aggressive strategy to lead in artificial intelligence. The recruitment follows Meta CEO Mark Zuckerberg's efforts to acquire the startup and reportedly offering Tulloch a compensation...
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Trump: US to Receive 'Tremendous Fee' for TikTok's China Exit
The Trump administration is negotiating a deal for TikTok's US operations to be sold to American investors, with a substantial fee paid to the government to address national security concerns. US-based entities like Silver Lake and Oracle would acquire a majority stake, while ByteDance retains a ...
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Accountant Wins Big Betting Against Dogecoin on Kalshi
An international tax accountant profited by betting against a popular prediction market contract that the new Department of Government Efficiency would reduce federal spending within a year, based on his expertise in government budget inertia. He risked his entire life savings of over $342,000, a...
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US Approves Google's $32 Billion Wiz Acquisition
Google's $32 billion acquisition of Wiz has passed its U.S. antitrust review, a major step toward finalizing one of the largest tech deals, though the process is not yet complete. Wiz initially rejected a $23 billion offer in 2024, believing in its potential for greater independent growth, but ac...
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Why Porsche Puts the Ignition on the Left Side
The left-side ignition in Porsche 356 models originated from post-war material frugality to shorten wiring, not from racing strategy as commonly believed. The dangerous "Le Mans start" was abandoned after race incidents and a protest by Jacky Ickx, who won by prioritizing safety over a hurried st...
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Trump, ByteDance Claim TikTok Deal Approved-Official Details Still Pending
President Trump announced that a proposed deal for TikTok, approved by Chinese President Xi Jinping, would place the app under a U.S.-led investor group, with ByteDance committing to keep it operational for American users. The agreement follows months of negotiations over national security concer...
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Chase to Take Over Apple Card Operations
JPMorgan Chase will replace Goldman Sachs as the issuer of the Apple Card, reflecting Goldman's exit from consumer lending and Apple's services expansion. Apple assures existing cardholders the core experience, including Daily Cash rewards and Mastercard network, will remain unchanged for now, wi...
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xAI CFO Exits Elon Musk's AI Firm in Latest Executive Departure
xAI's CFO Mike Liberatore departed after a brief tenure, continuing a pattern of high-level executive turnover at Elon Musk's AI company. During his time, Liberatore secured $5 billion in debt financing and managed infrastructure growth, with nearly half of the equity funding coming from SpaceX. ...
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