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Meta and CEO Mark Zuckerberg are in a hurry to build their superintelligence tech. The company has been poaching AI researchers, while Zuckerberg announced on Monday that Meta is building a 5-gigawatt data center called Hyperion. The urgency is palpable. As SemiAnalysis reported last week and Business Insider noted, Meta is so eager to boost its computing power that it’s …

Bitcoin cooled off during U.S. trading hours Monday after nearly topping $123,000 earlier in the session, but market top calls are premature, analysts said. BTC slipped below $120,000 late in the U.S. day, shedding most of its overnight advance, but holding on to a modest 0.6% gain over the past 24 hours. Ethereum’s ether {{ETH}} slid back below $3,000, while …

Asian Shares Waver, Japanese Bond Yields Rise: Markets Wrap  Bloomberg China posts better-than-expected Q2 growth in face of Trump tariffs  CNN China’s Economy Grows Steadily Despite Trump’s Tariffs  The New York Times China GDP: Economic growth beats expectations as Trump tariffs loom  BBC China’s economy slows as consumers tighten belts, US tariff risks mount  Reuters Source link

Asian Shares Waver, Japanese Bond Yields Rise: Markets Wrap  Bloomberg China posts better-than-expected Q2 growth in face of Trump tariffs  CNN China’s Economy Grows Steadily Despite Trump’s Tariffs  The New York Times China GDP: Economic growth beats expectations as Trump tariffs loom  BBC China’s economy slows as consumers tighten belts, US tariff risks mount  Reuters Source link

Mark Zuckerberg is in full founder mode again. This time it’s the AI version. Meta fell behind in the generative AI race earlier this year when the company rolled out its Llama 4 model. The product was not up to scratch, compared to rival offerings from DeepSeek, OpenAI, Anthropic, and Google. Since then, Zuck has gone on a hiring bender, personally recruiting …

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 10, 2025. Jeenah Moon | Reuters U.S. stock futures were little changed Monday night following a winning session for the major averages, as investors await big bank earnings and a key inflation reading. Dow Jones Industrial Average futures lost 30 points, or …

Research firm LightShed partners says Apple should consider replacing Tim Cook as CEO, but the change is unlikely to occur any time soon. In a note to clients seen by Bloomberg, analysts Walter Piecyk and Joe Galone say that “Apple now needs a product-focused CEO, not one centered on logistics.” Bloomberg notes that Apple shares have “badly lagged” behind rivals …

Meta’s founder Mark Zuckerberg has said the social media giant will spend hundreds of billions of dollars on building huge AI data centres in the US. The first multi-gigawatt data centre, called Prometheus, is expected to come online in 2026, Zuckerberg said. He said one of the sites would cover an area nearly the size of Manhattan (59.1 sq km/22.8 …

China’s economy has beaten expectations even as US President Donald Trump’s tariffs and a prolonged crisis in the property market weigh on growth. Official figures show the world’s second largest economy grew by 5.2% in the three months to the end of June, compared to the same time last year. That’s better than the 5.1% forecast by many economists but …

Nvidia to resume sales of AI chip to China as CEO visits Beijing  Reuters Nvidia says it will resume H20 AI chip sales to China ‘soon,’ following U.S. government assurances  CNBC Nvidia to resume chips sales to China  Axios Nvidia’s Jensen Huang Is Right About the Real AI Race With China  Bloomberg Nvidia CEO to attend China supply chain expo, China’s CCTV says  Yahoo Finance …