News

Alibaba leads $290 million investment for building a new kind of AI model as LLM limits emerge

Startup Shengshu plans to use the money for a "general world model," paving the way for more practical robot applications.

Fed officials still foresee rate cut this year, despite war impacts, minutes show

Policymakers said they would need to remain "nimble" as they weighed the impact the war had on inflation.

Ray Dalio: Trump-Xi meeting to focus on trade, capital flows

Bridgewater founder Ray Dalio told CNBC he is optimistic about the outcome of a meeting between the U.S. and Chinese presidents next month.

Upstart Wall Street research firm says it sent an analyst to Strait of Hormuz. Here’s what they learned

Citrini Research said it dispatched an analyst to Oman's Musandam Peninsula, where he traveled by boat to observe shipping activity firsthand.

JPMorgan CEO Jamie Dimon in annual letter cites risks in geopolitics, AI and private markets

JPMorgan CEO Jamie Dimon in his annual letter to shareholders noted the country's 250th anniversary and called for a broad recommitment to American ideals.

Blue Owl caps private credit funds redemptions at 5% after steep request levels

Blue Owl attributed the higher-than-usual requests to "heightened market concerns around AI-related disruption to software companies."

Visa launches new AI tools to manage the charge dispute process

Visa's new tools are part of a larger push by major banks and financial institutions to incorporate AI into their businesses.

Warren Buffett says Iran bomb would make nuclear disaster harder to avoid

The Berkshire Hathaway chairman said the growing number of nuclear-armed states has fundamentally altered the global risk landscape.

Warren Buffett says he sold Apple too soon and would buy more of it, though not in this market

Apple remains Berkshire Hathaway's largest holding even after the conglomerate trimmed its stake at the end of last year.

Warren Buffett teams up with NBA superstar Stephen Curry for charity lunch, reviving iconic auction

The winning bidder — along with up to seven guests — will join Buffett and the Currys for an exclusive lunch in Omaha, Nebraska.

Warren Buffett says he’s still making calls on investments at Berkshire, flags ‘tiny’ new buy

The 95-year-old investor said he still comes into the office daily and stays engaged with markets.

Huawei's cloud computing revenue dropped in 2025 as Chinese AI lagged U.S. rivals

When including internal customers, the telecommunications giant said cloud computing revenue grew from a year ago.
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