Spacex begins equipment installation in texas chip facility, targets year-end production

SpaceX has begun installing equipment at its advanced semiconductor packaging facility in Texas, marking a key step toward bringing part of its chip production process in-house, according to sources familiar with the project. The facility, located in Bastrop, is expected to focus on packaging radio frequency (RF) chips used in systems linked......

US offers loans of 30 million SPR barrels amid Hormuz blockade

The Trump administration announced Thursday a solicitation for loans of up to 30 million barrels of light crude from the Strategic Petroleum Reserve. This marks the third such exchange since the US tapped emergency stocks last month to counter supply disruptions from Iran's Strait of Hormuz blockade. Bids for crude from the West Hackberry......

MIT engineers silent artificial muscle fibers for robots

Researchers at MIT Media Lab and Italy's Politecnico di Bari developed a new class of artificial muscle fibers that operate silently without motors, external pumps or bulky hydraulic gear. The advance could reshape robot movement and portable assistive device design. The technology, called electrofluidic fiber muscles, appeared in a Science......

Hyundai recalls over 294,000 vehicles in the United States over seat belt defect

South Korean automaker Hyundai Motor Company has announced a large-scale recall affecting more than 294,000 vehicles in the United States due to a potential safety defect involving seat belt anchors. According to the National Highway Traffic Safety Administration (NHTSA), the issue may cause the seat belt anchor to detach during use. This......

Asian markets waver as Israeli strikes test US-Iran ceasefire before Islamabad talks

Global markets posted broad gains Friday as investors showed cautious optimism ahead of high-stakes US-Iran peace talks set to begin Saturday in Islamabad, Pakistan. The rebound remains fragile. Israeli strikes in Lebanon threaten to shatter the two-week truce, and the Strait of Hormuz stays largely closed to maritime trade. The ceasefire......

Google rolls out AI-powered Finance platform to over 100 countries

Google has expanded its redesigned Finance platform to more than 100 countries, marking the largest global rollout of the product since its relaunch last year and signaling a broader push to integrate artificial intelligence into consumer financial tools. The update brings full local language support to key markets including Australia, Brazil,......

Corporate climate targets surge 40 percent as SBTi surpasses 10,000 companies

The Science Based Targets initiative reported a 40 percent increase in the number of companies with validated climate targets in 2025, countering claims that corporate climate ambition is weakening. According to newly released data, more than 2,800 companies received validation during the year, bringing the total to over 10,000 firms with......

Intel and Google expand multi-year partnership on AI infrastructure

Intel and Google have announced a multi-year collaboration to advance artificial intelligence and cloud infrastructure, strengthening a long-standing relationship as demand for high-performance computing continues to grow. Under the agreement, Intel’s Xeon processors will remain a core component of Google Cloud infrastructure. These......

Big Tech workforce stalls despite over 100,000 layoffs since 2022

Employment growth across major US technology companies has slowed sharply since the end of the pandemic hiring surge, even as layoffs continue and investment in artificial intelligence accelerates. An analysis by Business Insider shows that Amazon, Microsoft, Meta, Alphabet, and Apple collectively added nearly one million net employees between......

CoreWeave expands Meta AI cloud deal to $21 billion through 2032

CoreWeave and Meta have expanded their artificial intelligence cloud partnership to an estimated $21 billion, extending their agreement through December 2032 and reinforcing one of the largest infrastructure deals in the AI sector. The announcement, disclosed in a regulatory filing and company statement, confirms that CoreWeave will deliver......

Amazon reports $15 billion AI revenue and eyes chip sales expansion

Amazon disclosed for the first time that its artificial intelligence business has reached an annualized revenue of more than $15 billion within its cloud division, marking a key milestone in the company’s effort to monetize its heavy investments in AI infrastructure. The figure was revealed in the annual letter to shareholders from......

Pentagon shake-up boosts opportunities for smaller AI companies

Small U.S. defense-focused artificial intelligence startups are seeing a surge of attention from military officials and investors following the Pentagon’s split with Anthropic. The move has highlighted the need for the Department of Defense to diversify its AI suppliers and reduce reliance on a single provider. Emerging companies such......

Middle East war splits energy markets into winners and losers

A six-week conflict involving the United States, Israel, and Iran has triggered Asia's worst energy crisis in decades, with surging fuel prices, severe LPG shortages, and widespread economic fallout. A fragile two-week ceasefire announced April 7 offers only tentative relief. Wood Mackenzie's April 6 analysis shows Asia's spot......

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