By Jaspreet Singh and Aditya Soni (Reuters) -Mark Zuckerberg said on Monday that Meta Platforms would spend hundreds of billions of dollars to build several massive AI data centers for superintelligence, intensifying his pursuit of a technology he has chased with a talent war for top engineers. The social media giant is among the large…
By Patturaja Murugaboopathy (Reuters) -As bitcoin hit a record high on Monday, evidence from institutional flows and derivatives suggested its rally might be more stable and lasting than previous speculative runs. Bitcoin crossed $120,000 for the first time on optimism over upcoming U.S. House discussions on digital asset regulation, extending its gains this year to…
By Nate Raymond and Daniel Wiessner (Reuters) -A coalition of mostly Democratic-led states filed a lawsuit on Monday challenging a move by U.S. President Donald Trump’s administration to withhold about $6.8 billion in congressionally approved federal funding for K-12 schools. Attorneys general or governors from 24 states and the District of Columbia sued in federal…
(Reuters) -The Trump administration’s tariffs are likely to boost U.S. manufacturing jobs and real income in a majority of states, but lower employment and income adjusted for inflation in the country as a whole, new research from the San Francisco Federal Reserve showed on Monday. Assuming a 25% increase in U.S. tariffs on imports from…
By Mike Stone WASHINGTON (Reuters) -The Senate Armed Services Committee has approved $500 million in security assistance for Ukraine as part of its draft language for its Fiscal Year 2026 National Defense Authorization Act, which also restricts A-10 aircraft retirements. The National Defense Authorization Act (NDAA) is an annual policy bill that authorizes funding levels…
BEIJING (Reuters) -Chinese artificial intelligence startup Moonshot AI released a new open-source AI model on Friday, joining a wave of similar releases from local rivals, as it seeks to reclaim its position in the competitive domestic market. The model, called Kimi K2, features enhanced coding capabilities and excels at general agent tasks and tool integration,…
By Tom Wilson, Lawrence Delevingne and David Gauthier-Villars (Reuters) -Of all the riddles wrapped in the digital wallets sending funds to President Donald Trump’s World Liberty Financial crypto business, a little-known entity last month became the biggest. A venture calling itself Aqua 1 Foundation and saying it is based in the United Arab Emirates announced…
By Nick Carey and Nora Eckert LONDON/DETROIT (Reuters) -U.S. President Donald Trump’s threat of a 50% tariff on copper imports is raising alarm in the U.S. auto sector, as it could make it even harder for carmakers and suppliers to absorb border taxes and rising costs, executives and industry experts say. The duties on their…
KYIV (Reuters) -Russia targeted Ukraine with a record 728 drones early on Wednesday, hours after U.S. President Donald Trump pledged to send more defensive weapons to Kyiv and aimed unusually sharp criticism at Russian President Vladimir Putin. The attack was the latest in a series of escalating air assaults in recent weeks that have involved…
By Foo Yun Chee BRUSSELS (Reuters) -Alphabet’s Google said it failed this week to resolve disagreements with hotels, airlines and specialised search services such as Skyscanner over how it presents search results, putting it at risk of a hefty European Union antitrust fine. At a July 7-8 workshop organised by the European Commission, the U.S….
