By Shankar Ramakrishnan (Reuters) -Banks led by Morgan Stanley have sold to investors another chunky portion of loans that formed the $13 billion debt supporting Elon Musk’s $44 billion acquisition of Twitter, now X, in 2022, a source with knowledge of the deal said. On Thursday, they completed the secondary sale of $4.74 billion of […]
By Carolina Mandl NEW YORK (Reuters) – Hedge fund giant Bridgewater Associates added shares of Tesla to its portfolio in the fourth quarter, while it trimmed exposure to the rest of the “Magnificent Seven” group of U.S. tech and growth stocks, a regulatory filing showed. The firm founded by investor Ray Dalio ended December with […]
(Reuters) -Elon Musk’s xAI is discussing to raise $10 billion that could value the artificial intelligence startup at about $75 billion, Bloomberg News reported on Friday, citing a person familiar with the matter. Existing investors, including Sequoia Capital, Andreessen Horowitz and Valor Equity Partners are in talks to participate in the transaction, the report said. […]
(Reuters) -Dell Technologies is nearing a deal worth more than $5 billion to provide Elon Musk’s xAI with servers optimized for artificial intelligence work, Bloomberg News reported on Friday, citing people familiar with the matter. Shares of the company gained 4% after the report, which said Dell would sell servers containing Nvidia’s GB200 semiconductors to […]
By Rich McKay (Reuters) – At least 24 cases of measles have been reported in an outbreak in Gaines County, Texas, state officials said, warning that more cases of the highly contagious disease were likely to surface. None of the infected people in the community, about 90 miles southwest of Lubbock, Texas, and near the […]
By Nathan Layne (Reuters) -Gavin Kliger, one of the top staffers working with Elon Musk in his efforts to overhaul the federal government, arrived at the Internal Revenue Service on Thursday to examine the agency’s operations, according to two people familiar with the matter. Kliger was meeting with senior executives at the tax-collecting agency, marking […]
(Reuters) -Arm Holdings plans to launch its own chip this year after securing Meta Platforms as one of its first customers, in a major shift to the chip tech provider’s model of licensing its blueprints to other companies, the Financial Times reported on Thursday, sending its U.S.-listed shares up about 5%. This move would put […]
By Mike Stone, Fanny Potkin and Wen-Yee Lee WASHINGTON/SINGAPORE/TAIPEI (Reuters) -The White House is seeking to renegotiate U.S. CHIPS and Science Act awards and has signaled delays to some upcoming semiconductor disbursements, two sources familiar with the matter told Reuters. The people, along with a third source, said the new administration is reviewing the projects […]
(Reuters) – The U.S. Department of Education said on Wednesday it rescinded guidance issued by the administration of President Joe Biden that payments to college athletes through name, image and likeness deals should be shared equally between male and female competitors. According to the department’s Office for Civil Rights, the NIL guidance announced last month […]
BRASILIA (Reuters) – Brazilian planemaker Embraer plans to invest 20 billion reais ($3.47 billion) in the country by 2030, Chief Executive Francisco Gomes Neto said on Wednesday. “This amount will be used toward an increase in aircraft production and the development of new products,” he said at an event in capital Brasilia alongside Brazilian President […]
