Finance
According to CNBC, Amazon is developing AI-powered humanoid robots for package delivery as part of a broader automation strategy. Morgan Stanley analysts estimate the e-commerce giant is investing to automate roughly $200 billion in logistics costs, equivalent to 35% of its online retail revenue. The company is reportedly testing these
Finance
Elon Musk's Starlink received anticipated state approval from India's Department of Telecommunications on Wednesday, TechCrunch confirmed with a senior official. The approval opens access to the world's second-biggest internet market after China, ending a three-year regulatory journey that began with SpaceX's failed
Finance
CNN reports that the U.S. Senate has advanced the GENIUS Act through a major procedural hurdle, positioning stablecoins for mainstream adoption. The Guiding and Establishing National Innovation for U.S. Stablecoins Act would establish the first comprehensive federal regulatory framework for stablecoin issuers in the United States. The legislation
Finance
Reuters reports that Brookfield Asset Management announced plans to invest up to 95 billion Swedish crowns ($9.9 billion) in developing artificial intelligence infrastructure in Sweden. The Canadian company will construct a 750-megawatt data center in Strängnäs, located 55 miles west of Stockholm, over the next 10 to 15 years.
News
Cointelegraph reports that ConSensys has acquired crypto wallet infrastructure provider Web3Auth on June 2, 2025. The acquisition aims to improve MetaMask user experience by addressing seed phrase management challenges. ConSensys stated the deal will help reduce one of the biggest risks in self-custody today. Financial terms of the acquisition were
Finance
The United Kingdom economy grew by 0.1% in the fourth quarter of 2024, exceeding economist expectations and providing relief for Finance Minister Rachel Reeves, according to Reuters. The growth came after zero expansion in the third quarter and was driven by stronger-than-expected performance in December, when monthly GDP increased
Finance
Reuters reports the International Monetary Fund slashed its 2025 growth forecast for the United States by 0.9 percentage points to 1.8%. The downgrade came after President Donald Trump announced universal tariffs on nearly all trading partners in April. The IMF cited policy uncertainty and trade tensions as primary
Finance
Anthropic achieved $3 billion in annualized revenue by May 2025, according to CNBC. The San Francisco AI company generated this figure from current sales projected over a year. Revenue grew from nearly $1 billion in December 2024 to $2 billion by March 2025, then reached $3 billion at month'
Finance
China signed a convention on Friday establishing the International Organization for Mediation in Hong Kong, with representatives from more than 30 countries joining as founding members. Reuters reported that Chinese Foreign Minister Wang Yi presided over the ceremony at the Grand Hyatt hotel in Wan Chai. The new body aims
Finance
China's export restrictions on rare earth minerals could paralyze European manufacturing facilities within days. The European Union Chamber of Commerce in China warned that the restrictions imposed by Beijing on rare earth exports may lead to production shutdowns at European manufacturers in the coming days. China imposed restrictions
Finance
BTC Peers reports that GameStop Corp purchased 4,710 Bitcoin on May 28, 2025. The US video game and consumer electronics retailer confirmed its first Bitcoin investment through a statement posted on the company's X account. The purchase represents approximately $513 million at current Bitcoin prices. GameStop did
Finance
Elon Musk's brain-computer interface company Neuralink raised $600 million in a funding round that values the company at $9 billion pre-money, according to Semafor. The brain-mapping startup completed the fundraise on Tuesday, with anonymous sources confirming the investment details. Neuralink did not respond to requests for comment regarding