A HDR evening shot taken at sunset of the Tokyo skyline.Fgm | E+ | Getty ImagesAsia-Pacific markets rose Friday, after the White House said that U.S. President Donald Trump and China’s President Xi Jinping were set to hold talks next week.U.S. Press Secretary Karoline Leavitt said Trump will leave for Malaysia late Friday and then travel to Japan and South Korea, meeting Xi next Thursday after speaking at the Asia-Pacific Economic Cooperation CEO Summit, Reuters reported.Japan’s benchmark Nikkei 225 index climbed 0.78%, while the Topix added 0.39%. Japan’s core inflation rate accelerated to 2.9% in September, the first increase since…
Author: usaeverydaylife
Anthropic and Google officially announced their cloud partnership Thursday, a deal that gives the artificial intelligence company access to up to one million of Google’s custom-designed Tensor Processing Units, or TPUs.The deal, which is worth tens of billions of dollars, is the company’s largest TPU commitment yet and is expected to bring well over a gigawatt of AI compute capacity online in 2026.Industry estimates peg the cost of a 1-gigawatt data center at around $50 billion, with roughly $35 billion of that typically allocated to chips. While competitors tout even loftier projections — OpenAI’s 33-gigawatt “Stargate” chief among them —…
Government stockpiled rice, which was transported by bullet train, or the “shinkansen”, into the capital is handed over to those who pre-ordered bags, at Tokyo Station on June 10, 2025.Str | Afp | Getty ImagesJapan’s core inflation rate accelerated to 2.9% in September, the first increase since May and in line with expectations from economists polled by Reuters.This was higher than the 2.7% seen in August. The core inflation metric in Japan strips out the prices of fresh food but includes energy costs.Headline inflation in Japan also climbed to 2.9% from 2.7% the previous month.In contrast, the so-called “core-core” inflation…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s “Fast Money” team discusses the economic and strategic reasons the U.S. government would invest in quantum firms with Phil Luck, director of the economics program at the Center for Strategic and International Studies and former deputy chief economist at the U.S. State Department during the Biden administration. Source link
Mustafa Suleyman CEO and co-founder of Inflection AI speaks during the Axios BFD event in New York City, U.S., October 12, 2023. Brendan Mcdermid | ReutersMicrosoft AI CEO Mustafa Suleyman said the software giant won’t build artificial intelligence services that provide “simulated erotica,” distancing itself from longtime partner OpenAI.”That’s just not a service we’re going to provide,” Suleyman said on Thursday at the Paley International Council Summit in Menlo Park, California. “Other companies will build that.”Suleyman’s comments come a week after OpenAI CEO Sam Altman said his company plans to allow verified adults to use ChatGPT for erotica. Altman said that…
Signage outside Applied Materials headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty ImagesChip equipment manufacturer Applied Materials is laying off 4% of its workforce.The company on Thursday began notifying impacted employees around the world “across all levels and groups,” it said in a filing. Applied Materials provides equipment, services and software to industries, including the semiconductor industry.Applied Materials had approximately 36,100 full-time employees, according to an August 2025 filing. A layoff of 4% would represent about 1,444 employees.”Automation, digitalization and geographic shifts are redefining our workforce needs and skill requirements,”…
CNBC’s “Fast Money” team share their final trades of the day. Source link
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Oct. 22, 2025. Brendan McDermid | ReutersStock futures are little changed Thursday night ahead of a key inflation print.Futures tied to the Dow Jones Industrial Average fell 13 points, or 0.03%. S&P futures ticked up 0.06%, while Nasdaq 100 futures added 0.1%.In after-hours trading, Intel shares popped nearly 7% after the chipmaker reported third-quarter sales that exceeded analysts’ estimates. Target shares rose marginally after the retailer announced it would slash its corporate workforce by 8%, marking its first major layoff in a decade. Applied Materials…
U.S. President Donald Trump speaks holding a photos of the new ballroom during a meeting with NATO Secretary General Mark Rutte in the Oval Office of the White House in Washington, DC on October 22, 2025. Salwan Georges | The Washington Post | Getty ImagesBig Tech and other publicly traded companies are helping to finance the $300 million White House ballroom planned by President Donald Trump.The White House East Wing has been demolished to make room for the 90,000 square foot ballroom, sparking public anger after Trump promised in July that the building would not be impacted.Trump has said the…
Priscilla Chan, left, Meta CEO Mark Zuckerberg, and Lauren Sanchez are among guests attending Donald Trump’s inauguration as the 47th U.S. president in the Capitol Rotunda in Washington, D.C., Jan. 20, 2025.Saul Loeb | Afp | Getty ImagesMeta said Thursday that it’s laying off an undisclosed number of employees in its risk organization as the company shifts to use artificial intelligence to automate its compliance review process.Michel Protti, Meta’s chief privacy and compliance officer for product, disclosed the layoffs on Wednesday to members of the company’s risk organization, according to a report by Business Insider. CNBC confirmed the contents of…
