News
Volts to Intelligence - Meta to Build First Data Center in Canada, Expanding Global Fleet
Meta Platforms Inc. will invest around $10 billion to build its first data center in Canada as the company expands its infrastructure to support its artificial intelligence ambitions.
Silicon Bakery - Apple Expands Broadcom Partnership with $30 Billion U.S. Supply Chain Commitment
Apple announced it will expand its partnership with Broadcom through a more than US$30 billion commitment focused on strengthening its U.S. supply chain. As part of the initiative, Apple will also invest US$1.5 billion in Broadcom's manufacturing facility in Fort Collins, Colorado.
Jon Erwin Isn’t Hiding from AI: The‘Young Washington’Director on How AI Can Save Jobs and Bolster Collaboration
A controversy was brewing around“Young Washington.”Twitter users were sharing screenshots of the credits, which confirmed that the Jon Erwin-directed film included visual effects that utilized artificial intelligence. Others offered up freeze frames of shots they suspected were artificially generated. Then came the exclusive report in Variety:“Young
Arbitrage Traders Face Tougher Challenge With SK Hynix Than TSMC
Arbitrage desks looking to trade SK Hynix Inc.’s new American depository receipts are dusting off playbooks from Taiwan Semiconductor Manufacturing Co. But many say the comparison only goes so far.
Macro & Micro Compass - Japan’s borrowing costs soar to 30-year high on debt fears
Japan’s borrowing costs have climbed to their highest in 30 years as investors grow increasingly concerned about the country’s heavy debt burden, weakening yen and a $2.3 trillion long-term spending plan proposed by Prime Minister Sanae Takaichi.
Macro & Micro Compass - Federal Reserve Fed officials were split on direction of interest rates at last meeting, minutes show
Fed policymakers were split on the future of interest rates at their June meeting, with officials offering competing cases for hikes or cuts, according to minutes released Wednesday.
With Confessions II, Madonna dances in the middle of the road
“The dancefloor is not just a place,” Madonna intones in a breathy voiceover near the start of One Step Away, a new track that strongly recalls her 2000s electronic heyday. “It’s a threshold. / A ritualistic space where movement replaces language.” Good for the Soul doubles down on the message,
7-Eleven sues Nike over Air Max with Slurpee maker's colors
WASHINGTON, July 2 - 7-Eleven has sued Nike in federal court in Texas, accusing the sportswear giant of copying the convenience store chain's signature orange, green and red stripe design on a sneaker that Nike plans to release on July 11, known as "7-Eleven Day."
Nike Bonus Payouts to Fall Short of Target on Lackluster Results
Nike Inc. employees were told they would receive less than their target bonus amounts following a year of challenges that has eroded company performance, according to Bloomberg's report.
Volts to Intelligence - Meta’s AI Cloud Pivot: Monetization Strategy or Overbuild Signal?
Bloomberg (July 1) - Meta is reportedly developing a cloud infrastructure business that would sell access to AI computing power and models to outside customers. The plan could put Meta into a new competitive lane against cloud leaders such as Amazon Web Services, Microsoft Azure, and Google Cloud. The business would
Market Rumor - OpenAI proposes handing Trump administration 5% stake
According to FT, Sam Altman’s start-up in early talks for a public ownership deal as political pressure rises.
Breaking News - Micron Announces $250 Million Investment in Trump Accounts Reaching 1 Million Children, Families and the Future Workforce
Company launches employee matching and community seed funding, reinforcing Micron’s broader U.S. investment and workforce development strategy
