CFIUS grants Nippon Steel’s request to refile bid for U.S. Steel, source says

A tugboat pushes a barge near the United States Steel Corp. Clairton Coke Works facility in Clairton, Pennsylvania, US, on Monday, Sept. 9, 2024.

Justin Merriman | Bloomberg | Getty Images

CFIUS, the Committee on Foreign Investment in the United States, that is reviewing a bid by Japan’s Nippon Steel to buy U.S. Steel has granted a request from the Japanese company to refile its takeover application, a person familiar with the matter said on Tuesday.

CFIUS needs more time to understand the impact of national security and engage with the parties, the person added.

Source

Chaos, confusion and 0 billion dreams: What I saw at India’s AI summit

World

Chaos, confusion and $200 billion dreams: What I saw at India’s AI summit

February 21, 2026

CNBC’s Arjun Kharpal sits down with OpenAI CEO Sam Altman at the AI Impact Summit. Photo: Yolande Chee Yolande Chee India hosted one of the world’s biggest AI events this week, but it was marred by chaos and confusion, apparently not the message it’s trying to send as it strives to become a leading artificial […]

World

Tech giants commit billions to Indian AI as New Delhi pushes for superpower status

February 21, 2026

Tech giants have committed to funneling hundreds of billions of dollars into Indian AI efforts, against the backdrop of a major summit in the country that’s brought together world leaders and AI execs. Record sums are being ploughed into AI as governments and companies across the globe race to roll out the technology. Hyperscalers — […]

OpenAI resets spending expectations, tells investors compute target is around 0 billion by 2030

World

OpenAI resets spending expectations, tells investors compute target is around $600 billion by 2030

February 20, 2026

Sam Altman, CEO of OpenAI, is pictured on Sept. 25, 2025, in Berlin. Florian Gaertner | Photothek | Getty Images OpenAI is telling investors that it’s now targeting roughly $600 billion in total compute spend by 2030, months after CEO Sam Altman touted $1.4 trillion in infrastructure commitments. The artificial intelligence company is providing a […]