OpenAI has a new $500 billion project called Stargate. Consider it an extraordinary attempt by the ChatGPT maker to build itself a whole new moat in the face of growing competition from rivals at ...

Asian shares are mostly higher in muted trading after the U.S. Federal Reserve opted not to cut interest rates for the first time since it began trying to help the economy through lower rates in Septe

Retailer Costco Wholesale will increase pay for most of its hourly U.S. store workers to more than $30, according to a memo sent to employees this week.

Asia Market Update: Nasdaq FUTs supported by SoftBank/OpenAI news; Large-cap tech earnings also in focus; Yen firms ahead of Himino, Fed decision was earlier; Tokyo CPI due on Fri. - SoftBank Group: Said to be in talks to invest up to $25.0B into OpenAI; the investment plan is said to be 'on top of' the Stargate commitment - FT.

The economic hardware/software debate about China just got more complicated. Before DeepSeek flipped the script on the artificial intelligence game, many economists worried China had way too much of the former and not enough of the latter.

Stocks are ticking higher on Wall Street following a rush of profit reports from some of the country’s most influential companies. The S&P 500 rose 0.3% in early Thursday trading.

Tesla jumped 3.2% after CEO Elon Musk told analysts on a conference call that the company was on track to offer unsupervised “full self-driving” technology to its customers as a paid service starting in Austin in June. The electric car maker's fourth-quarter sales and profit fell short of Wall Street projections.

The Dow Jones Industrial Average slipped 14 points, and the Nasdaq composite gained 0.3%. Meta Platforms climbed after delivering a better profit report than expected and said it will continue to invest in AI efforts.

SoftBank is in talks to invest up to $25 billion into ChatGPT owner OpenAI and become the AI firm’s largest financial backer, the Financial Times reported on Wednesday, as the Japanese conglomerate continues to expand into the sector.

Nissan Motor Co. announces job cuts in the U.S., reducing workforce by 2,000 jobs and production at plants in Tennessee and Mississippi by 25%.

Renault executives travelled to Japan this week to meet counterparts at Nissan in an effort to maximise the value of the French automaker's stake in the Japanese firm ahead of its merger with Honda, a source close to the matter told Reuters.