Report: Google ditches its objection to defense work, pitches Gemini to Pentagon
In 2018, employees protested against the company’s tech being used for the US military’s Project Maven — a drone targeting program — reminding the company of its “don’t be evil” motto. After the cont...
Stanford AI report: Model capability accelerating, China has closed the gap with the US
China has closed the gap with the US in the global competition for AI model superiority, and any talk of an AI performance plateau is just flat-out wrong. Those are two big takeaways from this year’s ...
Futures surge, oil tumbles after President Trump agrees to two-week ceasefire
US equity futures spiked and oil futures tanked after US President Trump said he agreed to a two-week ceasefire with Iran as the two sides work to find a lasting end to the conflict. S&P 500 futures r...
Stocks sink and oil spikes as traders price in enduring, worsening Mideast war
US stocks are sinking while oil futures spike as traders price in a worsening of the Mideast war that they had hoped would end imminently. Front-month West Texas Intermediate futures are trading at $1...
US stock futures slump, oil jumps after Iranian media reports explosions on Kharg Island
Stocks returned to negative territory in premarket trading and oil futures jumped after Iranian state-sponsored media said that explosions were heard on Kharg Island. The Mehr News Agency, which repor...
Iran war winners Dow, LyondellBasell downgraded by Bank of America
and — two petrochemicals stocks that surged as markets priced in shortages due to the closure of the Strait of Hormuz — should decline as investors focus on the long-term outlook for normalized petro...
Oil spikes, equity futures retreat as President Trump commits to hitting Iran “extremely hard” over the next two to three weeks
West Texas Intermediate oil futures jumped more than 6% and US equity futures slid after President Donald Trump said the US military operations against Iran would continue over the next two to three w...
Trump reportedly willing to end Iran war without reopening the Strait of Hormuz
President Trump told aides he’s willing to pull out of the war in Iran even if the Strait of Hormuz — through which roughly a fifth of global oil supply previously flowed — remains closed, The Wall St...
Trump’s Hormuz deadline delay fails to soothe markets amid signs of US and Iranian escalation
There’s little sign of relief in the markets from President Trump’s announcement yesterday of a 10-day delay of the deadline he imposed on Iran to reopen the Strait of Hormuz. Crude oil prices are cli...
Bitcoin falls below $66,000 as Trump’s Iran extension fails to boost market sentiment
Bitcoin has held up relatively well compared to other risk assets since the start of the Middle East conflict, but it’s suffering today alongside the broader market as pessimism grows that a resolutio...
Judge blocks Pentagon’s move to blacklist Anthropic
A federal judge in Northern California has granted a preliminary injunction blocking the Pentagon from labeling Anthropic as a national security supply chain risk. The ruling temporarily prevents the ...
President Trump extends Strait of Hormuz opening deadline to April 6
President Trump said that he will give Iran another 10 days to fully reopen the Strait of Hormuz, postponing the strikes on Iranian energy infrastructure that he had threatened last weekend . Markets ...
$14 billion of bitcoin options expire tomorrow, but geopolitical tensions remain key driver of volatility
Bitcoin is down 3.5% over the past 24 hours, trading at the $69,000 level as increased uncertainty about the direction of the conflict in the Middle East, underscored by President Trump’s post warning...
Super Micro drops on shareholder lawsuit alleging securities fraud around China chip smuggling
fell more than 4.5% at one point in premarket trading Thursday on news that shareholders are suing the company, alleging securities fraud after its cofounder and two others were charged with illegally...
FCC bans foreign-made routers over national security concerns
One of the most boring and ubiquitous pieces of modern consumer technology is suddenly in the crosshairs of the Trump administration as an urgent national security threat: that dusty internet router o...
Bitcoin jumps following Trump saying he will postpone strikes on Iran
jumped 3.7% on Monday morning following President Trump’s comments about delaying strikes on Iran’s power plants and energy infrastructure, citing “constructive conversations.” Iran denied the talks, ...
Chip-smuggling charges against Super Micro cofounder boost rival server maker Dell
is up in early Friday trading after rival plunged on news that one of its cofounders had been charged by US prosecutors with allegedly illegally smuggling AI chips to China .
Super Micro dives after cofounder charged with allegedly smuggling AI chips to China
plunged over 25% in premarket trading on Friday after cofounder Yih-Shyan “Wally” Liaw, another worker, and a company contractor were charged by US prosecutors with allegedly conspiring to sell $2.5 b...
Nvidia’s Jensen Huang says the chip designer is getting closer to selling AI chips to China
H200 sales to China are back 𝚘̶𝚗̶ 𝚘̶𝚏̶𝚏̶ 𝚘̶𝚗̶ 𝚘̶𝚏̶𝚏̶ 𝚘̶𝚗̶ 𝚘̶𝚏̶𝚏̶ 𝚘̶𝚗̶ 𝚘̶𝚏̶𝚏̶ 𝚘̶𝚗̶ 𝚘̶𝚏̶𝚏̶ on the menu. Bloomberg headlines from conference in San Jose on Tuesday indicate that CEO Jensen Huang said th...
Trump urges allies to help reopen Strait of Hormuz as tanker traffic nearly vanishes
The world’s busiest oil choke point has nearly gone silent as the US-Iran conflict enters its third week, and President Trump is now calling on allies to help reopen the Strait of Hormuz. On Sunday ev...