United Auto Workers (UAW) members strike at a General Motors assembly plant that builds the U.S. automaker’s full-size sport utility vehicles, in another expansion of the strike in Arlington, Texas, October 24, 2023. James Breeden | Reuters DETROIT – General Motors plans to invest roughly $13 billion in U.S. facilities by April 2028, the United … Read more
Bletchley Park was a codebreaking facility during World War II. Getty The U.K. government said Wednesday that it will invest £225 million ($273 million) into an artificial intelligence supercomputer, highlighting the country’s ambition to lead in the technology as it races to catch up to the U.S. and China. The University of Bristol will build … Read more
Toyota said Tuesday it will invest another $8 billion into its first EV battery factory in North America, as the Japanese automaker tries to ramp up its electrification program and introduce 30 battery electric models globally by the end of the decade. The North Carolina-based factory, which is slated to go into production in 2025, … Read more
Travis Kelce and Patrick Mahomes are teaming up on a new venture. Otro Capital announced the 34-year-old and 28-year-old Kansas City Chiefs stars are lead investors in an ownership group that secured a $218 million investment into a Formula 1 team, Alpine Racing, via People. The two are joining four-time golf champion Rory McIlroy and … Read more
Mercury Fund, an early-stage venture firm, closed on $160 million in capital commitments for its fifth fund, also its largest. In general, it’s been a busy month for venture capital firms announcing new capital commitments. Mercury Fund joins firms, including Mythos Ventures, Connect Ventures, Fuse and Unconventional Ventures, in announcing new funds this month. Blair … Read more
The regulator was concerned with Amazon’s dual role as both a marketplace and a competitor to merchants selling on its platform. Nathan Stirk | Getty Images E-commerce giant Amazon on Monday said it will invest up to $4 billion in artificial intelligence firm Anthropic and take a minority ownership position in the company. The move … Read more
Amazon has agreed to invest up to $4 billion in the AI startup Anthropic, the two firms said, as the e-commerce group steps up its rivalry against Microsoft, Meta, Google and Nvidia in the fast-growing sector that many technologists believe could be the next great frontier. The e-commerce group said it will initially invest $1.25 … Read more
When United Handyman Affiliation founder Flash Shelton discovered squatters in his mom’s house, the one manner he might do away with her undesirable company — after native police stated they couldn’t assist — was to out-squat the squatters. “I known as native legislation enforcement and as quickly as they noticed there was furnishings in the … Read more
TSMC is the highest producer of the world’s most superior processors, together with the chips discovered within the newest iPhones, iPads and Macs. Jakub Porzycki | Nurphoto | Getty Photographs Taiwan Semiconductor Manufacturing Firm plans to take a position practically $90 billion New Taiwan {dollars} (about $2.87 billion) in a sophisticated chip packaging plant in … Read more
Rohit Sipahimalani, chief funding officer of Temasek Holdings Pte, speaks throughout a information convention in Singapore, on Tuesday, July 11, 2023. Ore Huiying | Bloomberg | Getty Pictures Singapore’s sovereign wealth fund Temasek will not be presently seeking to spend money on crypto corporations amid regulatory uncertainty within the sector, its chief funding officer Rohit Sipahimalani … Read more