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OpenAI’s First Chip Beat Blackwell on…

OpenAI’s First Chip Beat Blackwell on…

OpenAI presented the first benchmarks for its custom inference chip, Jalapeño, on Tuesday, and the comparison it chose was Nvidia (NASDAQ: NVDA). On SemiAnalysis's public InferenceX benchmark, the chip, built in partnership with Broadcom (NASDAQ:

Business
Bessent’s Own Mentor Druckenmiller Just Told Him to…

Bessent’s Own Mentor Druckenmiller Just Told Him to…

The sharpest criticism of Treasury Secretary Scott Bessent's bond-buyback plan this week did not come from a partisan opponent or a rival on Wall Street. It came from Stanley Druckenmiller, the legendary macro investor who

Business
Apple (AAPL) Hands Over to a New CEO on September 1, and…

Apple (AAPL) Hands Over to a New CEO on September 1, and…

On September 1, John Ternus becomes chief executive of Apple (NASDAQ: AAPL), and Tim Cook steps into the role of executive chairman. The handover has been known since April, when Apple announced it and the

Business
Bitcoin Topped $77,000 and Booked Its Best Week Since March…

Bitcoin Topped $77,000 and Booked Its Best Week Since March…

The bitcoin price pushed past $75,000 this week and topped $77,000 on Friday, up about 20% over the five sessions. That would be its best week since March 2024, according to Bloomberg, which put the

Business
Marex Takes Nottingham Forest Shirt Deal as Betting Ban…

Marex Takes Nottingham Forest Shirt Deal as Betting Ban…

Marex has agreed a multi-year principal partnership with Nottingham Forest that puts the financial-services company's name on the club's men's and women's football shirts and its netball dresses. The agreement announced by Marex on 18

Business
Florida Man Pleads Not Guilty to $180,000 High-Yield…

Florida Man Pleads Not Guilty to $180,000 High-Yield…

A Florida man has pleaded not guilty to two federal wire-fraud charges alleging that he solicited money for nonexistent short-term investments, diverted the funds to personal expenses and gambling, and caused victims to lose at

Business
Stripe Buys AI Gateway OpenRouter for Over $7B, About 5×…

Stripe Buys AI Gateway OpenRouter for Over $7B, About 5×…

Stripe Inc. has finalized an agreement to acquire OpenRouter for more than $7 billion, Bloomberg reported on August 16, citing people familiar with the matter. OpenRouter is a startup that lets companies switch between artificial

Business
Trump’s World Liberty Wins Conditional Approval for…

Trump’s World Liberty Wins Conditional Approval for…

What Did The OCC Approve? World Liberty Financial moved closer to operating a federally chartered national trust bank after the Office of the Comptroller of the Currency granted conditional approval to World Liberty Trust Company,

Business
RedotPay’s US IPO Stalls Amid Regulatory Review and…

RedotPay’s US IPO Stalls Amid Regulatory Review and…

RedotPay has delayed plans for a US initial public offering (IPO) as the stablecoin payments company works through regulatory and legal issues, according to people familiar with the matter cited by Bloomberg. The delay puts

Business
Robinhood’s New Venture Fund RVII Opened Below Its…

Robinhood’s New Venture Fund RVII Opened Below Its…

Robinhood Ventures Fund II began trading on the New York Stock Exchange on August 13, and the first number that mattered was not the $200 million it raised or the 80 startups it holds. It