Tag: Business
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US judge approves Elon Musk settlement with SEC despite misgivings, ‘red flags’
July 8 : A federal judge on Wednesday approved the U.S. Securities and Exchange Commission’s settlement with Elon Musk over his purchase of Twitter shares, despite expressing “significant misgivings” about the accord and the “red flags” it raised.U.S. District Judge Sparkle Sooknanan in Washington, D.C., said
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SpaceXAI launches Grok 4.5 model for coding, agentic tasks
July 8 : SpaceXAI on Wednesday launched the Grok 4.5 AI model, calling it the company’s most intelligent offering to date designed for coding and agentic tasks. Here are some details:• SpaceXAI said Grok 4.5 was trained across tens of thousands of Nvidia GB300 graphics processing units, with a focus
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Oil hits multi-week high, Wall Street slips as Iran tensions reignite
WASHINGTON, July 8 : Stocks were mostly lower and oil prices rose on Wednesday after U.S. President Donald Trump said the interim peace deal with Iran was “over” and the U.S. announced fresh military strikes.Oil prices settled nearly 5 per cent higher as tensions reignited in the Middle East and worries mount
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Honeywell Technologies raises profit guidance after one-for-two reverse stock split
July 8 : Automation firm Honeywell Technologies on Wednesday raised its second-half and full-year profit targets for 2026 after completing a one-for-two reverse stock split.The company, formerly Honeywell, proceeded with the split after spinning off and listing its aerospace arm, Honeywell Aerospace, late las
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Levi Strauss beats quarterly expectations, raises guidance and dividend
Levi Strauss beat quarterly expectations on the top and bottom lines during its fiscal 2026 second quarter.
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Meta to build C$13 billion Alberta data center, its first in Canada
CALGARY, July 8 : Tech giant Meta announced Wednesday it will build a massive data center in central Alberta, the company’s first in Canada, as it rapidly builds out computing capacity to support the global AI boom.The 1-gigawatt data center will be located in Sturgeon County and represents a total investment
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BofA extends first $520 million loan to OpenAI ahead of IPO, source says
July 8 : Bank of America has extended a $520 million credit line to OpenAI, its first loan to the AI company that is preparing for an initial public offering, a person familiar with the matter told Reuters on Wednesday.The loan makes BofA one of OpenAI’s largest lenders and bolsters its credentials as a marke
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OpenAI launches GPT-Live voice models that listen and speak simultaneously
July 8 : OpenAI on Wednesday launched GPT-Live, a new family of voice models capable of listening and speaking simultaneously in real time.The IPO-bound AI startup said it will roll out two versions of GPT-Live – GPT-Live-1 and GPT-Live-1 mini – to users globally on Wednesday.In May, OpenAI introdu
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Mistral launches first robotics model in physical AI push
July 8 : Paris-based Mistral AI on Wednesday unveiled its first robotics model as Europe’s leading AI company pushes into factories, warehouses and industrial automation.The launch follows Mistral’s acquisition of Austria’s Emmi AI in May and comes months after Paris-based startup Genesis AI unveiled a broad
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WTO panel largely rejects Indonesia’s challenge to EU duties in fatty acid imports dispute
July 8 : A World Trade Organization panel on Wednesday largely rejected Indonesia’s challenge to European Union anti-dumping duties on fatty acid imports from the Southeast Asian country, while finding a limited breach related to the European Commission’s calculation of dumping margins.The panel upheld one In
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