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REUTERS 2026-05-13T06:44:27.707000+00:00

SoftBank profit more than triples to $12 billion on OpenAI stake gains

Technology investor SoftBank ​Group reported on Wednesday that its net profit more than tripled to 1.83 trillion yen ($11.60 billion) in the January-March quarter, ‌as it booked gains on the value of its investment in ChatGPT-maker OpenAI.

REUTERS 2023-03-11T21:32:11+00:00

Circle assures market after stablecoin USDC breaks dollar peg

Stablecoin USD Coin (USDC) lost its dollar peg and slumped to an all-time low on Saturday before recovering most of its losses after Circle, the firm behind it, assured investors it would honor the peg despite exposure to failed Silicon Valley Bank.

REUTERS 2024-05-14T22:34:17+00:00

Nasdaq hits record close after Powell reassures investors, CPI in focus

The Nasdaq scored a record closing high on Tuesday and the S&P 500 and the Dow also advanced as Federal Reserve Chair Jerome Powell reassured investors while they digested Tuesday's data and waited for Wednesday's crucial consumer inflation report.

REUTERS 2021-05-20T16:02:10.770000+00:00

NFT enthusiasts hold firm despite crypto price plunge

This week's cryptocurrency price plunge eroded the dollar-based value of NFTs and raised the cost of buying and selling them, in what could be a setback for the burgeoning digital asset market. But NFT collectors are not bailing out.

REUTERS 2025-04-22T20:12:43+00:00

OpenAI would buy Google's Chrome, exec testifies at trial

OpenAI would be interested in buying Google's Chrome if antitrust enforcers are successful in forcing the Alphabet unit to sell the popular web browser as part of a bid to restore competition in search, an OpenAI executive testified on Tuesday at Google's antitrust trial in Washington.

REUTERS 2024-05-20T13:47:51+00:00

PREVIEW Wall Street bets on stellar quarterly results from Nvidia

Wall Street is betting on a blowout quarterly report from Nvidia on Wednesday, with its stock near record highs as investors look for evidence that the AI chipmaker can maintain its explosive growth and stay ahead of rivals.

REUTERS 2026-04-01T19:00:00+00:00

Artificial Intelligencer: OpenAI’s $852 billion problem: finding focus

OpenAI has just raised $122 billion in what is likely the largest-ever fundraising round in Silicon Valley history. That kind of cash should show you that the richest, most sophisticated investors in the world have ample faith in the ChatGPT maker, now worth $852 billion.

REUTERS 2024-11-14T20:38:07+00:00

Crypto industry pushes for policy sea change after Trump victory

The crypto industry is pushing for an ambitious raft of policies that would promote the widespread adoption of digital assets and considering who best to promote them, as they anticipate a cryptocurrency-friendly regime under President-elect Donald Trump.

REUTERS 2024-04-18T19:48:47+00:00

Meta releases early versions of its Llama 3 AI model

Meta Platforms on Thursday released early versions of its latest large language model, Llama 3, and an image generator that updates pictures in real time while users type prompts, as it races to catch up to generative AI market leader OpenAI.