Elon Musk’s artificial intelligence company xAI is scaling up its ambitions with a massive $20 billion funding round, backed by Nvidia, Apollo Global Management, and Valor Capital, Bloomberg reported. The financing marks one of the largest in the AI industry this year, combining equity and debt to accelerate xAI’s Colossus 2 data centre project in

SoftBank Group said on Monday it would acquire the robotics division of Swiss engineering firm ABB for $5.4 billion, marking one of its most ambitious bets yet on the convergence of artificial intelligence and robotics. The deal, which remains subject to regulatory clearance in multiple jurisdictions, will see ABB abandon earlier plans to spin off

European shares opened mostly higher on Wednesday, led by gains in banks and energy stocks, though advances were tempered by declines in automobile and technology shares. The pan-European STOXX 600 rose 0.2% to 570.4 points, while local bourses were mixed, with Italy’s benchmark outperforming with a 0.5% gain. The DAX climbed 0.11% at the open,

The European Union’s decision to slash duty-free steel quotas and double tariffs on excess imports to 50% has triggered alarm among British steelmakers and European manufacturers alike. The move, designed to shield the EU’s domestic steel sector from global oversupply, could reshape Europe’s industrial trade links and expose the UK to one of its toughest

Tata Motors stock continues its downward streak, dropping for the fourth straight session to ₹688.9 on the NSE, a fall of nearly 7% in under a week amid mounting investor concerns. This slide follows rising investor anxiety about Tata Motors’ upcoming demerger and JLR’s weak quarterly performance. To make matters worse, technical charts indicate that

Platinum has witnessed a significant surge, climbing over $200 since mid-September to just over $1,600 per troy ounce.  This remarkable 80% price increase makes it the sharpest riser not only among precious metals but across the entire commodities sector, potentially surpassing its 2009 record of a 56% annual increase. Source: Commerzbank Research Historical valuation and

UK Prime Minister Keir Starmer kicked off a two-day visit to India on Wednesday, bringing along a huge delegation of over 100 business, academic, and cultural leaders. The timing couldn’t be more significant, coming on the heels of the UK-India Comprehensive Economic and Trade Agreement (CETA), which was finalized in July after three long years

Meta and Apple are close to settling two high-profile antitrust cases with the European Commission, marking a potential de-escalation in the ongoing tension between US Big Tech companies and European regulators, reported Financial Times. According to officials cited in the report, who have been briefed on the discussions, both companies are in the final stages

Britain’s FTSE 100 index surged to a new intraday record on Wednesday, lifted by strong performances across heavyweight banking and mining stocks. The blue-chip index climbed 0.689% to a fresh high of 9,568.89, surpassing its previous record close of 9,491.25 set last Friday. The rally was led by financial stocks, with the banks index rising

Shares of American software firm Confluent soared in premarket trading on Wednesday after reports that the company is exploring a potential sale following acquisition interest from private equity and technology firms. The stock rose 18%, its sharpest single-day jump in months, following a Reuters report that cited sources who said Confluent has hired an investment