Author: GT

NEW YORK (AP) — Intel has posted a profit in its first quarterly report since the U.S. government became a major shareholder in the struggling chipmaker. The one-time American tech icon reported a net income of $4.1 billion, or 90 cents per share, in the three months ending in September, up from a loss of $17 billion, or $3.88 per share, a year earlier. Revenue climbed 3% from last year to $13.7 billion.Stock in the company rose nearly 8% in after-hours trading to $41.10, adding to strong gains since the United States invested in the summer.Recently installed CEO Lip-Bu Tan…

U.S. President Donald Trump speaks holding a photos of the new ballroom during a meeting with NATO Secretary General Mark Rutte in the Oval Office of the White House in Washington, DC on October 22, 2025. Salwan Georges | The Washington Post | Getty ImagesBig Tech and other publicly traded companies are helping to finance the $300 million White House ballroom planned by President Donald Trump.The White House East Wing has been demolished to make room for the 90,000 square foot ballroom, sparking public anger after Trump promised in July that the building would not be impacted.Trump has said the…

Anthropic and Google officially announced their cloud partnership Thursday, a deal that gives the artificial intelligence company access to up to one million of Google’s custom-designed Tensor Processing Units, or TPUs.The deal, which is worth tens of billions of dollars, is the company’s largest TPU commitment yet and is expected to bring well over a gigawatt of AI compute capacity online in 2026.Industry estimates peg the cost of a 1-gigawatt data center at around $50 billion, with roughly $35 billion of that typically allocated to chips. While competitors tout even loftier projections — OpenAI’s 33-gigawatt “Stargate” chief among them —…

General Motors said it plans to launch an automated driving system in 2028 that will allow drivers to keep their eyes off the road and hands off the wheel, starting with the Cadillac Escalade IQ. The announcement, made Wednesday at its GM Forward event in New York City, comes a year after TechCrunch first reported that the automaker was working on the system. GM said its hands-off advanced driver assistance system, known as Super Cruise, is the foundation of this future, more capable product. Super Cruise, which launched in 2017 and is now available in 23 vehicle models, can be…

NEW YORK (AP) — Some politicians carry threats to their livelihood in the palms of their hands.News stories in recent weeks about offensive or ill-advised text messages have blown up the careers of several young Republicans in a chat group, led a nominee for a White House job to drop out, threatened the campaign of a Democrat running for Virginia attorney general and embarrassed a federal prosecutor.Memories are still fresh of this spring’s inadvertent inclusion of a journalist on a Signal chain where Defense Secretary Pete Hegseth and other leaders discussed military strikes, possibly the second Trump administration’s most embarrassing…

Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty ImagesOpenAI on Thursday announced it has acquired Software Applications Incorporated, a small company that built an artificial intelligence interface for Apple computers.All 12 members of the Software Applications team will join OpenAI, according to a spokesperson. Terms of the deal weren’t disclosed.The startup’s product called Sky allows users of Mac computers to prompt it with natural language to get help with writing, coding, planning and managing their…

General Motors is overhauling the electrical and computational guts of its future vehicles in a bid to deliver faster software, more capable automated driving features, and a custom, conversational AI assistant. The result of this overhaul will debut in 2027 in the Cadillac Escalade IQ. The U.S. automaker, which unveiled its plans at an event Wednesday in New York City, said a new electric architecture and centralized computing platform will be the foundation for all of its future gas-powered and electric vehicles, starting in 2028. The next-generation supercomputer, Nvidia Drive AGX Thor, will power the compute unit — the result…

President Donald Trump could further rachet up sanctions against Russia’s oil sector, with an expected global surplus of crude next year leaving the U.S. room to escalate while insulating American drivers from a price shock.The Treasury Department on Wednesday announced sanctions against Rosneft and Lukoil, Russia’s two largest oil exporters, citing Moscow’s “lack of serious commitment to a peace process to end the war in Ukraine.”The sanctions mark the “most material move to date by the United States to shutter the Russian war ATM,” Helima Croft, head of global commodity strategy at RBC Capital markets, told clients.The sanctions took the…

The U.K.’s Competition and Markets Authority (CMA) said on Wednesday that it’s designating Apple and Google with strategic market status in their respective mobile platforms. The decision, which affects the companies’ operating systems, app stores, browsers, and browser engines, will enable the regulator to take targeted actions to enhance competition in the space. The CMA had launched investigations into Apple and Google in January, and had proposed interventions in July that indicated the tech giants could be designated with strategic market status (SMS). To reach its conclusions, the CMA consulted over 150 stakeholders and had discussions with both Apple and…

WASHINGTON (AP) — President Donald Trump has pardoned Binance founder Changpeng Zhao, who created the world’s largest cryptocurrency exchange and served prison time for failing to stop criminals from using the platform to move money connected to child sex abuse, drug trafficking and terrorism.The pardon caps a monthslong effort by Zhao, a billionaire commonly known as CZ in the crypto world and one of the biggest names in the industry. He and Binance have been key supporters of some of the Trump family’s crypto enterprises. White House press secretary Karoline Leavitt claimed in a statement Thursday that Democratic President Joe…