JPMorgan Chase on Monday said it is launching a decade-long plan to help finance and take direct stakes in companies it considers crucial to U.S. interests. The bank said in a statement it would invest up to $10 billion into companies in four areas: defense and aerospace, “frontier” technologies including AI and quantum computing, energy…
Two HSBC bank logos are displayed on an office building in Mexico City, Mexico, July 25, 2025. Henry Romero | Reuters Hang Seng Bank shares jumped 29.5% Thursday after parent HSBC announced plans to take it private, valuing the lender at more than 290 billion Hong Kong dollars (over $37 billion). HSBC, Europe’s largest lender,…
Starlink, the satellite internet division of SpaceX, has affirmed its commitment to launching in South Africa, announcing plans to spend R2.5 billion on local infrastructure and pledging compliance with Black Economic Empowerment (BEE) legislation. Read: Sony ULT Field 5 Review: ULTimately Based Ryan Goodnight, Senior Director of Market Access at SpaceX, delivered the update at…
Africa’s fastest-growing but least-served online markets are set to gain more affordable, reliable, and higher-speed internet access through a partnership between Raxio Group, the continent’s most expansive data centre operator, and Laser Light Africa, the regional unit of the U.S.-based operator of one of the world’s most advanced integrated digital networks. The landmark agreement pairs…
Amazon will pay $2.5 billion to settle Federal Trade Commission allegations that the company duped users into paying for Prime memberships, the regulatory agency announced Thursday. The surprise settlement comes as Amazon and the FTC were just three days into the trial in a Seattle federal court. Opening arguments in the case occurred Tuesday, but…
Nvidia has announced plans to invest up to $100 billion in OpenAI, a move that signifies a major partnership between two of the most influential companies in the global artificial intelligence race. The investment will focus on deploying Nvidia’s chips for OpenAI’s advanced AI infrastructure. Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday: Packaging from…
OpenAI president Greg Brockman, Nvidia founder and CEO Jensen Huang, and OpenAI CEO Sam Altman. Nvidia is set to invest $100 billion (about R1.85 trillion) in OpenAI, as part of a strategic partnership to build one of the largest artificial intelligence (AI) infrastructure deployments in history. “This is the biggest AI infrastructure project in history….
Tremaine Edmunds #49 of the Chicago Bears celebrates with teammates after making an interception during the second half against the Dallas Cowboys on September 21, 2025 at Soldier Field in Chicago, Illinois. Melissa Tamez | Icon Sportswire | Getty Images The National Football League’s finance committee approved the sale of 2.35% of the Chicago Bears…
Nvidia will invest up to $100 billion in OpenAI as the artificial intelligence lab sets out to build hundreds of billions of dollars in data centers based around the chipmaker’s AI processors, the companies said on Monday. OpenAI plans to build and deploy Nvidia systems that require 10 gigawatts of power, the companies said on…
ChapGPT parent OpenAI is set to receive up to $100 billion in investments from chip giant Nvidia, helping cement the two firms as leaders in the race to build artificial intelligence systems that could transform the economy and society. The companies said the move will enable OpenAI to expand the fleet of data centers it…
