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U.S. foreign tax bill sends jitters across Wall Street
While U.S. President Donald Trump’s tariffs play out in U.S. courts, another one of his laws could weaponize the American tax system. Investment banks and law firms warn this step could prove to be as significant as the impact of duties on investors. The “One Big Beautiful Bill Act,” which passed through the U.S. House […]
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Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. Brendan Mcdermid | Reuters Amazon‘s devices unit has a new team tasked with inventing “breakthrough” consumer products that’s being led by a former Microsoft executive who helped create the Xbox. The ZeroOne team is spread across […]
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Amazon AI deal with New York Times brings the paper’s content to Alexa
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. Brendan Mcdermid | Reuters The New York Times on Thursday struck a deal with Amazon allowing it to use the storied news organization’s content across its artificial intelligence platforms. The multi-year deal “will bring Times editorial […]
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3 key takeaways from Nvidia’s earnings: China blow, cloud strength and AI future
Nvidia reported strong fiscal first-quarter earnings on Wednesday. Wall Street was pleased with Nvidia’s continued sales growth, which hit 69% during the quarter. The company’s data center division continues to surge as companies, countries, and cloud providers snap up Nvidia graphics processors, or GPUs, for artificial intelligence software. “The team continues to maintain a 1- […]
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Getty Images spending millions to battle a ‘world of rhetoric’ in AI suit, CEO says
Getty Images’ logo seen displayed on a smartphone with an AI chip and symbol in the background. Budrul Chukrut | Sopa Images | Lightrocket via Getty Images LONDON — Getty Images is spending millions of dollars to take on a “world of rhetoric” through its Stability AI suit, the photo licensing company’s boss Craig Peters […]
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Tech conferences are ramping up security to quell employee protests as political tensions rise
Security officers block entrance doors after pro-Palestinian protesters attempted to enter the Microsoft Build conference at the Seattle Convention Center Arch building in Seattle, Washington on May 19, 2025. Jason Redmond | Afp | Getty Images At Microsoft’s annual Build conference on Tuesday, Executive Vice President Jay Parikh’s keynote was interrupted by an employee protesting […]
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Amazon’s Zoox robotaxi unit issues second software recall in a month after San Francisco crash
A Zoox autonomous robotaxi in San Francisco, California, US, on Wednesday, Dec. 4, 2024. David Paul Morris | Bloomberg | Getty Images Amazon‘s Zoox robotaxi unit issued a voluntary recall of its software for the second time in a month following a recent crash in San Francisco. On May 8, an unoccupied Zoox robotaxi was […]
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Anthropic adds Claude 4 security measures to limit risk of users developing weapons
Omar Marques | Lightrocket | Getty Images Anthropic on Thursday said it activated a tighter artificial intelligence control for Claude Opus 4, its latest AI model. The new AI Safety Level 3 (ASL-3) controls are to “limit the risk of Claude being misused specifically for the development or acquisition of chemical, biological, radiological, and nuclear […]
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How Nashville transformed from Music City into a booming business hub
Nashville, Tennessee, has transformed from its reputation as “Music City” into a major U.S. metro thanks to rapid population growth, job opportunities in key industries like healthcare and tech and a good quality of life. It’s now become one of the fastest-growing U.S. cities, boasting a diverse community and a competitive economy. “It’s not […]
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CNBC Daily Open: Trump’s ‘big, beautiful’ tax bill might only be a short-term boost to the U.S. economy
Rep. Robert Scott (D-VA) (R) speaks during a mark up meeting with the House Budget Committee on Capitol Hill on May 16, 2025 in Washington, DC, U.S.. Anna Moneymaker | Getty Images News | Getty Images U.S President Donald Trump’s “big, beautiful” tax bill was passed by the House of Representatives Thursday and is headed to […]
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