Nvidia shares fell 4.6% on Friday, closing at $217.55 after touching $229.26 intraday, as Federal Reserve Chairman Kevin Warsh's hawkish Jackson Hole remarks raised the odds of a September rate hike and rattled data center financing outlooks.
Treasury Secretary Scott Bessent told the Associated Press that the Trump administration will sanction another bank this week as part of an intensifying economic campaign against Iran, even as U.S. forces conducted fresh military strikes in the Strait of Hormuz.
Autonomous trucking startup Gatik has raised $200 million in its largest funding round to date, led by Qatar Investment Authority and Koch Disruptive Technologies, as it works to scale driverless box-truck deliveries for customers including Walmart and PepsiCo.
Caterpillar will spend $100 million over five years training its 118,000-person workforce in AI, autonomy, and robotics, as the industrial giant applies its mining automation experience to broader AI deployment — even as record quarterly revenue of $20.5 billion reflects surging data center demand.
OpenAI announced it will end model access for Cursor by Nov. 12, 2026, citing concerns that new owner SpaceX will not comply with its terms of service — the latest flashpoint in the long-running conflict between Elon Musk and OpenAI's leadership.
Salesforce reported $11.35 billion in quarterly revenue and 104 trillion customer records ingested as AI agent adoption accelerated, with CEO Marc Benioff declaring fears of a "SaaSpocalypse" unfounded.
Meta has agreed to an $18 billion settlement with a coalition of U.S. states over claims its platforms harmed younger users, with $5.3 billion of that sum contingent on TikTok and YouTube adopting similar teen-safety measures.
Nvidia shares fell 4.6% on Friday, closing at $217.55 after touching $229.26 intraday, as Federal Reserve Chairman Kevin Warsh's hawkish Jackson Hole remarks raised the odds of a September rate hike and rattled data center financing outlooks.
Nvidia and Salesforce surged 8% and 22%, respectively, after Wednesday earnings reports dismantled persistent Wall Street bear cases, while CrowdStrike jumped 20.5% on its own strong results and broader tech indexes climbed to multi-week highs.
Nvidia's CFO guided for 70% revenue growth in fiscal 2028 — well above the 44% Wall Street consensus — which would put projected sales at roughly $673 billion and place the chipmaker ahead of Apple and Alphabet among U.S. tech companies by revenue.
Autonomous trucking startup Gatik has raised $200 million in its largest funding round to date, led by Qatar Investment Authority and Koch Disruptive Technologies, as it works to scale driverless box-truck deliveries for customers including Walmart and PepsiCo.
Caterpillar will spend $100 million over five years training its 118,000-person workforce in AI, autonomy, and robotics, as the industrial giant applies its mining automation experience to broader AI deployment — even as record quarterly revenue of $20.5 billion reflects surging data center demand.
OpenAI announced it will end model access for Cursor by Nov. 12, 2026, citing concerns that new owner SpaceX will not comply with its terms of service — the latest flashpoint in the long-running conflict between Elon Musk and OpenAI's leadership.
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