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Trump announces billions in investments to make Pennsylvania an AI hub

theverge.com Jay Peters 2025-07-25 20:46:41

is a news editor covering technology, gaming, and more. He joined The Verge in 2019 after nearly two years at Techmeme. President Donald Trump helped announce more than $90 billion in investments in AI and energy at an event in Pennsylvania on Tuesday. Among those investments include some multi-billion dollar commitments from Google. The company is planning to invest $25 billion to build data centers and AI infrastructure for the electric grid in the PJM region, according to remarks from presi

Topics: billion energy gas invest pennsylvania

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US probes imports on drones and a raw material used in chips and solar panels

engadget.com Unknown 2025-07-27 00:15:46

The Department of Commerce has opened national security investigations into imports of drones and polysilicon , a raw material used in chips and solar panels. Among other things, officials are looking into "predatory trade practices" and the capacity of other countries to "weaponize their control over supplies" of drones, drone parts and polysilicon, as well as derivatives of each. The DoC commenced the investigations on July 1, but has only just disclosed them publicly. The probes could lead t

Topics: drones imports investigations percent polysilicon

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I invested $50 in Bitcoin in 2022 - here's what it's worth now after an eye-popping rally

zdnet.com David Gewirtz 2025-07-29 00:54:00

ZDNET Welcome to Hot Bitcoin Summer, 2025 Edition. It's July 14, and the cryptocurrency is on fire. Turns out that when the President of the United States is bullish on a fake currency, it takes off. Then, when the US Congress declares "crypto week," cybercurrency speculators get that warm, squishy feeling that makes them think good things are about to happen in their imaginary world of bits as bucks. Also: How AI can help you manage your finances (and what to watch out for) In honor of all

Topics: bitcoin david investment value zdnet

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I invested $50 in Bitcoin in 2022 - here's what it's worth now after a record rally

zdnet.com David Gewirtz 2025-07-29 04:55:00

ZDNET Welcome to Hot Bitcoin Summer, 2025 Edition. It's July 14, and Bitcoin is on fire. Turns out that when the President of the United States is bullish on a fake currency, it takes off. Then, when the US Congress declares "crypto week," cybercurrency speculators get that warm, squishy feeling that makes them think good things are about to happen in their imaginary world of bits as bucks. In honor of all of this and because my eyes popped when I checked my own investments this morning, I'm

Topics: bitcoin david investment value zdnet

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Hypercapitalism and the AI talent wars

news.ycombinator.com John Luttig 2025-07-29 11:09:34

Meta’s multi-hundred million dollar comp offers and Google’s multi-billion dollar Character AI and Windsurf deals signal that we are in a crazy AI talent bubble. The talent mania could fizzle out as the winners and losers of the AI war emerge, but it represents a new normal for the foreseeable future. If the top 1% of companies drive the majority of VC returns, why shouldn’t the same apply to talent? Our natural egalitarian bias makes this unpalatable to accept, but the 10x engineer meme doesn’

Topics: ai companies company investors talent

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Elon Musk’s SpaceX might invest $2 billion in Musk’s xAI

techcrunch.com Anthony Ha 2025-07-29 16:12:17

In Brief One Elon Musk business might be making a big investment in another. According to a Wall Street Journal report that cites investors close to SpaceX, the company has agreed to invest $2 billion in Musk’s AI startup xAI. The investment would reportedly be part of the $5 billion equity raise (along with another $5 billion in debt) that Morgan Stanley announced at the end of June. This would be SpaceX’s first investment in xAI, and one of its biggest investments in another company. The WS

Topics: billion grok investment spacex xai

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Medium’s CEO explains what it took to stop losing $2.6M monthly

techcrunch.com Sarah Perez 2025-07-30 16:32:53

Medium CEO Tony Stubblebine announced on Friday that the publishing platform has remained profitable since August of last year, when it first achieved this milestone. In a post, Stubblebine detailed what it took to achieve this goal, which involved a combination of product changes, an investor restructuring, renegotiated loans, unloading office space, layoffs, and other difficult cost-cutting measures. His post offers a deep dive into what it takes for a startup to achieve a turnaround and the

Topics: company investor investors medium stubblebine

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Bitcoin sets another record above $113,000 as investors jump into risk assets, liquidate shorts

cnbc.com Tanaya Macheel 2025-08-01 20:32:05

Bitcoin climbed to new all-time high on Thursday, building on its previous record reached just a day earlier, as investors jumped into risk assets and liquidated short positions. The price of the flagship cryptocurrency was last higher by more than 2% at $113,766.74. Earlier, it rose as high as $113,863.18. Over the past 24 hours, $318 million in short liquidations across centralized exchanges, according to CoinGlass. When traders use leverage to short bitcoin and the cryptocurrency's price ri

Topics: bitcoin investors positions price short

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EU regulators are once again investigating TikTok over data transfers to China

engadget.com Unknown 2025-08-02 20:46:58

TikTok is in more regulatory hot water. Only a couple of months after it slapped TikTok with a hefty fine over data transfers to China, Ireland’s Data Protection Commission (DPC) is opening a fresh investigation into the platform. During the previous probe, TikTok claimed that European Economic Area (EEA) user data was stored on servers outside China. It said that TikTok staff in China accessed such data remotely. The DPC concluded the investigation on April 30 and fined TikTok 530 million euro

Topics: china data dpc investigation tiktok

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Bitcoin Depot breach exposes data of nearly 27,000 crypto users

bleepingcomputer.com Unknown 2025-08-04 08:33:46

Bitcoin Depot, an operator of Bitcoin ATMs, is notifying customers of a data breach incident that has exposed their sensitive information. In the letter sent to affected individuals, the company informs that it first detected suspicious activity on its network last year on June 23. Although the internal investigation was completed on July 18, 2024, a parallel investigation by federal agencies dictated that public disclosure of the incident should be withheld until it was completed. “On July 1

Topics: bitcoin data depot incident investigation

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Tesla loses $68 billion in value after Elon Musk says he is launching a political party

cnbc.com Arjun Kharpal 2025-08-08 12:05:31

Now the tech billionaire's reinvolvement in the political arena is making investors nervous. The billionaire's involvement in politics has been a point of contention for investors. Musk earlier this year was instrumental in the so-called Department of Government Efficiency and worked closely with President Donald Trump — a move seen as potentially hurting Tesla's brand . Musk said Saturday that the party would be called the "America Party" and could focus "on just 2 or 3 Senate seats and 8 to

Topics: investors musk political tesla trump

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The Chinese EV Carmaker That Is Quietly Crushing Tesla

gizmodo.com Luc Olinga 2025-08-08 18:45:47

While Tesla’s struggles dominate the headlines, a quieter but more significant story is unfolding: Chinese electric vehicle makers are on a tear. For the second consecutive quarter, Elon Musk’s Tesla has seen its sales decline, a stark contrast to the booming growth reported by rivals like BYD and NIO Inc, who are steadily gaining market share and widening their lead. The second-quarter sales numbers paint a bleak picture for the American EV pioneer. Tesla delivered 384,122 vehicles worldwide,

Topics: byd investors market musk tesla

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Tesla Is Losing the EV War to Chinese Carmakers

gizmodo.com Luc Olinga 2025-08-09 04:45:47

While Tesla’s struggles dominate the headlines, a quieter but more significant story is unfolding: Chinese electric vehicle makers are on a tear. For the second consecutive quarter, Elon Musk’s Tesla has seen its sales decline, a stark contrast to the booming growth reported by rivals like BYD and NIO Inc, who are steadily gaining market share and widening their lead. The second-quarter sales numbers paint a bleak picture for the American EV pioneer. Tesla delivered 384,122 vehicles worldwide,

Topics: byd investors market musk tesla

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Tesla shares drop 7% in premarket trading after Elon Musk says he is launching a political party

cnbc.com Arjun Kharpal 2025-08-10 02:58:01

White House Senior Advisor Elon Musk walks to the White House after landing in Marine One on the South Lawn with U.S. President Donald Trump (not pictured) on March 9, 2025 in Washington, DC. Tesla shares fell in premarket trade on Monday after CEO Elon Musk announced plans to form a new political party. The stock was down 7.13% by 4:27 a.m. E.T. Musk said over the weekend that the party would be called the "America Party" and could focus "on just 2 or 3 Senate seats and 8 to 10 House distric

Topics: investors musk political tesla trump

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At least 36 new tech unicorns were minted in 2025 so far

techcrunch.com Dominic-Madori Davis 2025-08-09 21:47:34

With AI igniting an investor frenzy, every month, more startups obtain unicorn status. Using data from Crunchbase and PitchBook, TechCrunch tracked down the VC-backed startups that became unicorns so far this year. While most are AI-related, a surprising number are focused in other industries like satellite space companies like Loft Orbital and blockchain-based trading site Kalshi. This list will be updated throughout the year, so check back and see the latest powerhouse startups who are now w

Topics: billion company investors million raised

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Police dismantles investment fraud ring stealing €10 million

bleepingcomputer.com Unknown 2025-08-13 08:53:21

The Spanish police have dismantled a large-scale investment fraud operation that caused cumulative damages exceeding $11.8 million (€10 million). During simultaneous raids in Barcelona, Madrid, Mallorca, and Alicante, coordinated by the Mossos d’Esquadra, Civil Guard, and the National Police, 21 individuals were arrested. Along with the arrests, the police agents also confiscated seven luxury vehicles and more than $1.5 million €1.3 million in cash and cryptocurrency. The fraudsters appear to

Topics: fake investment million police victims

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OpenAI disavows online broker Robinhood's sale of 'OpenAI tokens'

engadget.com Unknown 2025-08-14 04:00:33

'We did not partner with Robinhood, were not involved in this and do not endorse it.' OpenAI has condemned online brokerage firm Robinhood's sale of "OpenAI tokens," saying they will not give consumers stock in the company. "We did not partner with Robinhood, were not involved in this, and do not endorse it," the company said in a post on X, adding that the tokens are not equity and that it did not give approval for any transfer. The statement addresses a recent move by Robinhood to provide Eu

Topics: investors openai private robinhood tokens

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DOJ investigates ex-ransomware negotiator over extortion kickbacks

bleepingcomputer.com Unknown 2025-08-15 03:14:41

An ex-ransomware negotiator is under criminal investigation by the Department of Justice for allegedly working with ransomware gangs to profit from extortion payment deals. The suspect is a former employee of DigitalMint, a Chicago-based incident response and digital asset services company that specializes in ransomware negotiation and facilitating cryptocurrency payments to receive a decryptor or prevent stolen data from being publicly released. The company claims to have conducted over 2,000

Topics: bleepingcomputer company digitalmint investigation ransomware

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Double Is Winding Down

news.ycombinator.com Unknown 2025-08-15 19:33:09

Double is a registered investment adviser with the US Securities and Exchange Commission (SEC). While such registration does not imply a certain level of skill, it does require us to follow federal regulations that protect you, the investor. By law, we must provide investment advice that is in the best interest of our client. Please refer to Double'sfor important additional information.The publicly available portions of the Platform (i.e., the sections of the Platform that are available to indiv

Topics: does double investment results tax

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Trump’s prospective TikTok buyer reportedly includes Oracle, Blackstone, a16z

techcrunch.com Amanda Silberling 2025-08-18 08:50:02

In Brief After pushing the TikTok sale date back yet again, President Donald Trump said in an interview on Sunday that he had found a potential buyer for the ByteDance-owned platform. Though the president said he will not reveal the identities of the buyers for another couple of weeks, Bloomberg is reporting that the buyer is a group of investors from Oracle, Blackstone, and VC firm Andreessen Horowitz (a16z). According to the report, these investors had made a bid, but it lost momentum amid t

Topics: buyer investors oracle president tiktok

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Europol helps disrupt $540 million crypto investment fraud ring

bleepingcomputer.com Unknown 2025-08-21 00:20:58

Spanish authorities have arrested five individuals in Madrid and the Canary Islands, suspected of laundering $540 million (€460 million) from illegal cryptocurrency investment schemes and defrauding more than 5,000 victims. The law enforcement operation was supported and coordinated by Europol and investigators from Estonia, France, and the U.S. (Homeland Security Investigations – HSI). The investigation into the fraud ring started in 2023 On the day of the arrests a cryptocurrency expert was

Topics: ai cryptocurrency europol fraud investment

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Group of investors represented by YouTuber Perifractic buys Commodore

news.ycombinator.com Unknown 2025-08-21 00:52:24

28.Jun.2025 (ANF) Group of investors represented by Youtuber Perifractic buys Commodore Three weeks ago, Youtuber Christian 'Perifractic' Simpson announced in a video that he had received an offer to take over Commodore B.V., the owner of the remaining Commodore trademark rights. In a second video published today he now announces the completed takeover: A group of unnamed angel investors has acquired the company for a low seven-figure sum. He himself is now the acting CEO, but the purch

Topics: commodore company investors simpson video

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5 apps I recommend to every savvy investor

androidauthority.com Unknown 2025-08-23 00:00:35

Rita El Khoury / Android Authority I’m really into finance and have been investing for a long time. From stocks and crypto to swing trading and holding, I’ve done it all. Over the years, I’ve also tried out all sorts of investment apps in hopes of getting the proper data and setting up a system that works for me. Some were good, others not so much. In this post, I’ll highlight the good ones and talk about why you should consider using them. Before we dive into the list, I want to clarify that

Topics: data finance investment koyfin news

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Goodwill shopper discovers $30 PC hiding an RTX 3080 Ti and Ryzen 7

techspot.com Rob Thubron 2025-08-23 13:15:00

WTF?! Everyone loves a bargain, especially when it involves spending $30 on a PC that has over $1,500 worth of hardware packed inside. That's what happened to one Goodwill shopper who stumbled upon the RTX 3080 Ti/Ryzen 7-powered computer in a South Carolina store. No-Investment9793 posted on Reddit that his dad is a regular customer at the local Goodwill, where he knows everyone. According to the post, someone at the store pointed out the PC, which had been donated by a mother after cleaning o

Topics: 30 3080 investment9793 pc ryzen

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The Business of Betting on Catastrophe

news.ycombinator.com The Mit Press Reader 2025-08-21 22:04:26

The Business of Betting on Catastrophe World Bank pandemic bonds paid out only after death tolls passed a threshold. They’re part of a booming market where investors turn calamity into capital. Adobe Stock/MITP Reader By: Susan Erikson A↑ A↓ Off Bright Dark Blues Gray BeeLine Reader uses subtle color gradients to help you read more efficiently. The pandemic bonds — a financial device made up by one of the world’s most powerful institutions, the World Bank — can seem like a great idea f

Topics: ils insurance investors pandemic risk

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Blockchain-driven platform to mimic stock trading, allowing users to buy shares of SpaceX, other hot private companies

cnbc.com Tanaya Macheel 2025-08-27 12:33:26

Republic, a New York-based investment startup, is offering users exposure to SpaceX by issuing a "tokenized" representation of its shares. The company will begin selling the digital tokens this week and eventually plans to expand the offering to other private companies like artificial intelligence darlings OpenAI and Anthropic, as well as Stripe, X, Waymo, Epic Games and more. The Wall Street Journal first reported the story Wednesday. "We're talking about delivering products to retail investo

Topics: crypto investors private republic retail

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Feds question Ford in hands-free driving investigation

techcrunch.com Sean O'Kane 2025-08-29 12:32:37

The top federal vehicle safety regulator has sent Ford an exhaustive list of questions about its hands-free driver-assistance system known as BlueCruise. It’s the latest development in an investigation that started more than one year ago following two fatal crashes involving the software. The National Highway Traffic Safety Administration’s (NHTSA) Office of Defects Investigation (ODI) sent a letter to Ford on June 18 that contains 25 questions. Many of them are basic, such as asking Ford for a

Topics: bluecruise crashes ford investigation nhtsa

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Amazon to invest $233M to enhance its India infrastructure

techcrunch.com Ram Iyer 2025-09-05 12:34:55

In Brief Amazon said on Thursday that it would invest about $233 million in its India business to further build out its operations infrastructure, develop new tools for its delivery network, and work on employee safety and well-being programs. The company said the investment helps it double down on its efforts to deliver to all pin-codes in the country. “This investment will enhance processing capacity, improve fulfilment speed, and increase efficiency across the company’s operations network,

Topics: amazon company delivery investment said

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Texas Instruments pledges 'historic' $60bn US chip investment

feeds.bbci.co.uk Unknown 2025-09-06 01:19:57

Texas Instruments pledges 'historic' $60bn US chip investment Texas Instruments operates 15 sites around the world, including facilities in the US and Asia Computer chip giant Texas Instruments (TI) will invest more than $60bn (£44.74bn) in the US, as President Donald Trump pressures big technology firms to increase manufacturing in the country. The company said it plans to build or expand seven chip-making facilities at three sites in Texas and Utah, and create 60,000 jobs. TI did not give a

Topics: chip instruments investment manufacturing texas

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Texas Instruments to make 'historic' $60bn US chip investment

feeds.bbci.co.uk Unknown 2025-09-06 06:19:57

Texas Instruments to make 'historic' $60bn US chip investment Texas Instruments operates 15 sites around the world, including facilities in the US and Asia Computer chip giant Texas Instruments (TI) will invest more than $60bn (£44.74bn) in the US, as President Donald Trump pressures big technology firms to increase manufacturing in the country. The company said it plans to build or expand seven chip-making facilities at three sites in Texas and Utah, and create 60,000 jobs. TI did not give a

Topics: chip instruments investment manufacturing texas

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Latest Tech News

Trump announces billions in investments to make Pennsylvania an AI hub

US probes imports on drones and a raw material used in chips and solar panels

I invested $50 in Bitcoin in 2022 - here's what it's worth now after an eye-popping rally

I invested $50 in Bitcoin in 2022 - here's what it's worth now after a record rally

Hypercapitalism and the AI talent wars

Elon Musk’s SpaceX might invest $2 billion in Musk’s xAI

Medium’s CEO explains what it took to stop losing $2.6M monthly

Bitcoin sets another record above $113,000 as investors jump into risk assets, liquidate shorts

EU regulators are once again investigating TikTok over data transfers to China

Bitcoin Depot breach exposes data of nearly 27,000 crypto users

Tesla loses $68 billion in value after Elon Musk says he is launching a political party

The Chinese EV Carmaker That Is Quietly Crushing Tesla

Tesla Is Losing the EV War to Chinese Carmakers

Tesla shares drop 7% in premarket trading after Elon Musk says he is launching a political party

At least 36 new tech unicorns were minted in 2025 so far

Police dismantles investment fraud ring stealing €10 million

OpenAI disavows online broker Robinhood's sale of 'OpenAI tokens'

DOJ investigates ex-ransomware negotiator over extortion kickbacks

Double Is Winding Down

Trump’s prospective TikTok buyer reportedly includes Oracle, Blackstone, a16z

Europol helps disrupt $540 million crypto investment fraud ring

Group of investors represented by YouTuber Perifractic buys Commodore

5 apps I recommend to every savvy investor

Goodwill shopper discovers $30 PC hiding an RTX 3080 Ti and Ryzen 7

The Business of Betting on Catastrophe

Blockchain-driven platform to mimic stock trading, allowing users to buy shares of SpaceX, other hot private companies

Feds question Ford in hands-free driving investigation

Amazon to invest $233M to enhance its India infrastructure

Texas Instruments pledges 'historic' $60bn US chip investment

Texas Instruments to make 'historic' $60bn US chip investment

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