Nvidia Corp., the American chip manufacturer, has finalized a deal to purchase the AI startup Hugging Face for $12.93 billion, as stated in a joint press release. This is among the biggest agreements in Nvidia's history, the most valuable company globally. The details previously mentioned regarding...

Amazon.com Inc. has secured long-term power purchase agreements (PPAs) from four wind farms in Sweden to supply energy for its data centers in the region. These agreements will contribute almost 200 MW of power, and when all wind farms are functioning, Amazon will possess nearly 1 GW of electricity...

Nvidia's latest outlook offers one of the clearest indications yet that the artificial intelligence infrastructure boom has not reached its spending peak. The chipmaker expects revenue to grow by about 70% in its fiscal year ending January 2028, a projection far above the roughly 44% growth...

Meta Platforms has come to a settlement regarding a class action lawsuit filed by 48 states alleging the company's wrongdoing towards underage users. According to court documents cited by Bloomberg, the company will pay around $16.7 billion to victims but does not confess to any wrongdoing as part...

Unilever is making one of the biggest strategic changes in its modern history by reducing its exposure to food and concentrating more heavily on beauty, personal care and home care. The move is based on a straightforward investment argument: a company built around fewer, faster-growing categories...

Union representatives caution that the intended restructuring at Volkswagen Group (VW) might impact as many as 140,000 jobs, according to Bloomberg. VW CEO Oliver Blume and Volkswagen brand leader Thomas Schäfer are set to unveil a cost-reduction strategy to staff at the company's primary facility...

French TotalEnergies is still transporting oil via tankers through the Strait of Hormuz, CEO Patrick Pouyanné stated at an energy conference in Norway, as reported by Reuters. "We're likely the biggest trader of oil from Iraq and Qatar at the moment," he stated. "I can state that oil is presently...

Amazon.com Inc. aims to greatly enhance its drone delivery service by year’s end, making it available in almost 500 areas throughout the United States. According to The Wall Street Journal, Prime Air, which provides package delivery in about 30 minutes, is currently active in 11 metropolitan...

Saudi Aramco, the state oil company of Saudi Arabia, and Maaden (the Saudi Arabian Mining Co.), have reached an agreement to create a joint venture focused on metals exploration and production in the country. As stated in a collaborative press announcement, Maaden will possess 51% of the new...