Author: Editor-In-Chief
From left, President Donald Trump, Oracle’s Larry Ellison, SoftBank’s Masayoshi Son, and OpenAI’s Sam Altman appear at the White House in Washington on January 21, 2025.Jim Watson | AFP | Getty ImagesThe Department of Defense announced the contract Thursday. oracle It’s worth about $7 billion over 10 years, a big win for the software maker, which has been punished by investors this year. Shares rose about 3% in extended trading.The deal includes the use of Oracle software in on-premises data centers for the military, U.S. intelligence agencies and the Coast Guard, according to a statement. The Central Intelligence Agency was…
Microsoft Xbox CEO Asha Sharma speaks at the Bloomberg Tech Conference in San Francisco on June 4, 2026.David Paul Morris | Getty ImagesAmazon and microsoft They have devised a new way to get people to play video games in the cloud. Microsoft’s Xbox division announced Thursday that it will test an ad-supported way to help people stream video games.AmazonMeanwhile, it announced plans to add Luna cloud gaming service to its Prime Video streaming platform. Amazon’s Prime subscription includes Prime Video and costs $14.99 per month. With Amazon’s adjustments, Luna will have more prominent promotions on its website. Previously, Luna could…
Social media influencers have been extradited after British authorities laid dozens of new sex crime charges.Published July 23, 2026July 23, 2026President Donald Trump has no intention of stopping Britain’s extradition of Andrew and Tristan Tate to face sex crimes charges, a White House spokesperson said.The online influencers, who have built their careers as self-proclaimed misogynists, were arrested in Miami on Saturday after British prosecutors announced dozens of new charges, including rape, sex trafficking and assault.Recommended stories list of 3 itemsend of listThe Tates are avid supporters of Trump and have reportedly tried to build a relationship with their sons. Their…
rome — The city of Rome has launched “The Big Chill” initiative, named after the 1983 blockbuster film, to offer free movies in air-conditioned movie theaters during unusually hot summer days. According to energy company Enel, less than half of Italians have air conditioning installed in their homes. In Rome, sweltering citizens are joining portable “fan clubs” to escape the sweltering heat. Rome Mayor Roberto Gualtieri announced the cool idea at a press conference and on social media Wednesday, saying it was designed to give people without air conditioning a chance to cool off and help fight isolation through socialization,…
Chipmaker AMD is taking aim at rival Nvidia with its latest hardware release of a rack-scale system designed to meet the computing needs of the world’s largest AI labs. At the company’s packed Advancing AI conference in San Francisco on Thursday, AMD Chairman and CEO Dr. Lisa Su touted its new AI rack system, known as Helios, and its growing list of customers, including Microsoft, as the company prepares to ship later this year. Hsu also touted the company’s latest chip, designed to feed the compute-hungry dragon that is the AI industry. Rack systems combine many processors into one high-power…
U.S. President Donald Trump speaks to reporters after landing on Air Force One at Joint Base Andrews, Maryland, July 19, 2026. Andrew Harnik | Getty ImagesThe Trump administration plans to impose new tariffs on dozens of countries starting just after midnight ET on Friday, citing suspected forced labor violations.The tariffs, set between 10% and 12.5%, would effectively replace President Donald Trump’s temporary 10% global tariff, which is set to expire at the same time the new tariffs go into effect.The Office of the U.S. Trade Representative announced in a fact sheet Thursday afternoon that the upcoming tariffs will apply to…
Important pointsCNBC’s Jim Cramer said the market appears too complacent given the escalating Middle East conflict, high oil prices, rising interest rates and rising AI spending. “We’re having a hard time finding reasons to buy, but there are certainly plenty of reasons to sell,” he said on “Squawk on the Street” on Thursday.CNBC’s Jim Cramer warned that Wall Street may be underestimating the growing risks facing the market, including higher oil prices and increased spending on artificial intelligence. “I’m having a hard time finding reasons to buy, but there are certainly plenty of reasons to sell,” he told “Squawk on…
A person enters the New York Times building on January 22, 2026 in New York City.Angela Weiss | AFP | Getty ImagesThe Justice Department has withdrawn subpoenas obtained for grand jury testimony and phone records of a New York Times reporter involved in a story about security issues surrounding President Donald Trump’s new Air Force One jet, prosecutors told a federal judge in New York on Thursday.The move was made during a hearing in U.S. District Court in Manhattan, where Judge Arun Subramanian warned prosecutor Sean Buckley that if the Justice Department did not withdraw the subpoena, he would destroy…
JPMorgan Asset Management says Wall Street relies heavily on exchange-traded funds that give investors exposure to artificial intelligence.According to the firm’s ETF Guide, published this month, ETFs are the top five themes by assets under management, despite volatility hitting the group in the second quarter.”A lot of (themes) are shifting towards AI and the ecosystem around it,” John Meyer, the firm’s chief ETF strategist, told CNBC’s “ETF Edge” this week.Meyer, who led the Insights team that published the report, also highlighted the overlapping relationship between AI-themed ETFs and infrastructure.“It all plays into the AI story: applications, energy (and) AI models,”…
Google is adding another name to its long list of products, which have more than 1 billion users. That list already includes Search, Gmail, Drive, Android, YouTube, and Chrome. The company said in its Q2 2026 conference call that its AI assistant Gemini now has more than 950 million monthly users. The company noted that Gemini users have tripled over last year. Prior to this, in February it was announced that the number of monthly active users of the Gemini app exceeded 750 million. This growth will put Google’s Assistant in closer competition with OpenAI’s ChatGPT, which reached 1 billion…