FINANCE
ThinkPad-maker Lenovo looking to AI PCs for future growth
Lenovo, the largest producer of computers by volume, snapped a five-quarter-long losing streak on Thursday. The company reported $15.7 billion...
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What exactly does Nvidia do, and why are its AI chips so valuable?
Chip designer Nvidia has emerged as the clear winner in not just the early stages of the AI boom but,...
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China hedge funds flail in ‘quant quake’ as Beijing promises new rules
China’s quantitative hedge funds are admitting to unprecedented failures by their stock-trading models during one of the wildest two-week stretches...
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Bill Ackman’s closed-end investment fund was at the mercy of fellow activist investor Paul Singer
Elliott Investment Management targeted Pershing Square Holdings in 2017, when Paul Singer’s firm privately tried to force fellow activist Bill...
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Elon Musk warns Tesla rival Rivian will die on current trajectory
Elon Musk is not surprised by the bad news hitting Tesla rival Rivian. He’s been warning about it for some...
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Kraken moves to dismiss SEC lawsuit, which the crypto firm says is retaliation from ‘a politically compromised agency’
On Thursday, the crypto exchange Kraken filed a motion to dismiss a November lawsuit from the Securities and Exchange Commission...
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Yale brings back SAT, ACT as admissions requirements
Yale University is bringing back the SAT and ACT as requirements for undergraduate admission after years of not asking students...
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The two biggest AI companies in the world are taking vastly different approaches—and they’re both wildly successful
The flashy artificial intelligence startup OpenAI and the semiconductor giant Nvidia are two of the most talked about companies in...
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Reddit’s ‘unusual’ move to reward loyal users in its IPO could prove lucrative for Redditors
Reddit, which officially filed to go public on Thursday, is taking a nontraditional approach with its IPO, analysts say, by...
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Wendy Williams gets same diagnosis as Bruce Willis: frontotemporal dementia and primary progressive aphasia
Media personality Wendy Williams, 59, was diagnosed with frontotemporal dementia (FTD) and primary progressive aphasia (PPA) last year, her team...
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