Business

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Oracle Invokes Force Majeure on 2.45GW Stargate Data Center
Business

Oracle Invokes Force Majeure on 2.45GW Stargate Data Center

Oracle sent a force majeure notice over Project Jupiter, the 2.45GW New Mexico AI site in the $165bn Stargate programme, after a 17-mile gas pipeline slipped to February 2027.

#Oracle#Stargate#OpenAI#data center
via NewUJ Editorial
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US-China Trade Truce Extended to Jan. 10 as Xi Visits
Business

US-China Trade Truce Extended to Jan. 10 as Xi Visits

Treasury Secretary Scott Bessent said on September 23 that the US-China trade truce set to expire November 10 will run to January 10, announced as Xi Jinping landed in Washington for a state visit.

#US-China trade#Scott Bessent#Xi Jinping#tariffs
via NewUJ Editorial
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Diller Drops $18B MGM Bid; Stock Falls 9.5% to February Levels
Business

Diller Drops $18B MGM Bid; Stock Falls 9.5% to February Levels

Barry Diller's People Inc. withdrew its roughly $18 billion proposal to take MGM Resorts private on September 23. MGM shares fell 9.48% the next morning to $34.26, the lowest level since February.

#Barry Diller#MGM Resorts#People Inc#mergers and acquisitions
via NewUJ Editorial
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4 Subscribers Sue Anthropic, OpenAI, Google Over AI Slowdown
Business

4 Subscribers Sue Anthropic, OpenAI, Google Over AI Slowdown

Four paying AI subscribers filed an antitrust class action on Sept. 18 in California, alleging Anthropic, OpenAI, Google and SpaceXAI illegally agreed to slow AI development after Dario Amodei's Sept. 12 essay.

#artificial intelligence#antitrust#lawsuit#Anthropic
via NewUJ Editorial
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$100M of TikTok's Privacy Deal in Doubt as Judge Keeps 2019 Order
Business

$100M of TikTok's Privacy Deal in Doubt as Judge Keeps 2019 Order

Judge George H. Wu tentatively refused on September 18 to terminate the 2019 FTC consent decree covering TikTok's handling of under-13 data, putting $100 million of the $400 million settlement in doubt ahead of a Monday hearing.

#TikTok#ByteDance#privacy#FTC
via NewUJ Editorial
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OpenAI Sees $278B Cash Burn, $856B Compute Bill by 2030
Business

OpenAI Sees $278B Cash Burn, $856B Compute Bill by 2030

A July internal presentation reported by the Financial Times projects $278 billion of negative free cash flow through 2030 and about $856 billion of spending on computing power and infrastructure.

#openai#chatgpt#artificial-intelligence#finance
via NewUJ Editorial
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Anthropic Targets November IPO at About $2 Trillion Value
Business

Anthropic Targets November IPO at About $2 Trillion Value

Reporting published Sept. 18 puts Anthropic's listing in November at a valuation near $2 trillion, raising up to $100 billion. Reuters says its annualized revenue topped $65 billion by end of July. Anthropic has confirmed nothing.

#Anthropic#IPO#Claude#AI industry
via NewUJ Editorial
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Disney Names Character.AI CEO Anand as Its First-Ever CTO
Business

Disney Names Character.AI CEO Anand as Its First-Ever CTO

Disney said on September 18, 2026 that Character.AI chief executive Karandeep Anand will become its first chief technology officer on October 2, reporting to CEO Josh D'Amaro — a year after Disney accused his company of infringing its copyrights.

#Disney#Character.AI#artificial intelligence#Karandeep Anand
via NewUJ Editorial
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FCC Clears Gulf Funds for Nearly 50% of Paramount Equity
Business

FCC Clears Gulf Funds for Nearly 50% of Paramount Equity

The FCC Media Bureau's declaratory ruling of 17 September lets Saudi, Qatari and Emirati funds hold non-voting equity in Paramount Skydance above the 25% legal ceiling — about 49.5% once the Warner Bros. Discovery deal closes, with clearance up to 100%.

#Paramount#Warner Bros. Discovery#FCC#media
via NewUJ Editorial
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Buffett, 96, Steps Down as Berkshire Chair; Son Howard Elected
Business

Buffett, 96, Steps Down as Berkshire Chair; Son Howard Elected

Berkshire Hathaway named Warren Buffett chairman emeritus on September 18, 2026 and elected his son Howard as chairman. Greg Abel stays CEO, and the shares barely moved.

#Warren Buffett#Berkshire Hathaway#Howard Buffett#Greg Abel
via NewUJ Editorial
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Amazon Gets Warrant for 1.69M Generac Shares in $8B Deal
Business

Amazon Gets Warrant for 1.69M Generac Shares in $8B Deal

Generac's 16 September SEC filing shows Amazon received a warrant for up to 1,693,745 shares at $200.9266, vesting as Amazon's generator payments climb toward $8 billion.

#Amazon#Generac#AI data centers#backup power
via NewUJ Editorial
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US Diesel Sets Record $6.23 a Gallon, AAA Figures Show
Business

US Diesel Sets Record $6.23 a Gallon, AAA Figures Show

AAA's national average for diesel hit $6.2301 a gallon on September 14, 2026, its highest reading ever and above gasoline's all-time peak. Damaged refineries, the Strait of Hormuz blockade and Russia's export ban are behind the squeeze.

#diesel#fuel prices#AAA#US economy
via NewUJ Editorial
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Amazon Cuts Ties With 21 Air After Miami Crash That Killed 5
Business

Amazon Cuts Ties With 21 Air After Miami Crash That Killed 5

Amazon suspended its partnership with cargo carrier 21 Air on Sept. 13, a week after the operator's Boeing 767 overran a Miami runway and killed five people on the ground. Here is what NTSB investigators have released so far.

#Amazon#aviation safety#NTSB#Miami
via NewUJ Editorial
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Dell Posts Record Quarter, Raises Outlook on AI Server Boom
Business

Dell Posts Record Quarter, Raises Outlook on AI Server Boom

Dell Technologies beat earnings estimates by a wide margin and raised full-year guidance after booking a record $95 billion AI server backlog. This is not investment advice.

#Dell#earnings#AI servers#markets
via NewUJ Editorial
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SLB bets $4.1 billion on cooling AI data centres
Business

SLB bets $4.1 billion on cooling AI data centres

SLB, the world’s largest oilfield services company, has agreed to buy thermal management firm Kelvion for $4.1 billion, expanding into data centre cooling as AI workloads drive power densities higher.

#SLB#Kelvion#data center cooling#AI infrastructure
via NewUJ Editorial
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GoPro to merge with Starman Optical in $285m AI pivot
Business

GoPro to merge with Starman Optical in $285m AI pivot

GoPro has agreed to merge with optical-photonics firm Starman Optical. Shareholders receive $285 million in cash, about $1.14 a share, and keep roughly 10% of the combined company, which will target AI data centres and defence.

#GoPro#Starman Optical#merger#AI data centers
via NewUJ Editorial
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Nvidia to Invest $3.5B in MediaTek to Expand AI Chips
Business

Nvidia to Invest $3.5B in MediaTek to Expand AI Chips

Nvidia is investing $3.5 billion in MediaTek through convertible bonds, taking about 90% of a $3.9 billion offering. It is Nvidia’s largest direct investment outside the United States, and MediaTek will adopt its NVLink Fusion interconnect.

#Nvidia#MediaTek#AI chips#NVLink Fusion
via NewUJ Editorial
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Tim Cook Hands Apple CEO Role to John Ternus
Business

Tim Cook Hands Apple CEO Role to John Ternus

Tim Cook's 15-year tenure as Apple CEO ended Monday. John Ternus, the company's hardware engineering chief, takes over as CEO on September 1, 2026, while Cook becomes executive chairman.

#Apple#Tim Cook#John Ternus#CEO transition
via NewUJ Editorial
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Eli Lilly to Buy Merida Biosciences for $2.88B
Business

Eli Lilly to Buy Merida Biosciences for $2.88B

Eli Lilly will acquire private biotech Merida Biosciences for up to $2.88 billion in cash, adding an autoimmune antibody-degrading drug platform to its pipeline.

#Eli Lilly#Merida Biosciences#pharma M&A#autoimmune disease
via NewUJ Editorial
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Nvidia has agreed to buy Hugging Face for $12.9B, report says
Business

Nvidia has agreed to buy Hugging Face for $12.9B, report says

The Information reports Nvidia agreed to acquire Hugging Face for $12.9 billion. No agreement is signed, both companies decline comment, and the deal could still fall apart.

#nvidia#hugging face#acquisition#open source ai
via NewUJ Editorial
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New US chip tariffs could hit laptops, consoles and servers
Business

New US chip tariffs could hit laptops, consoles and servers

Politico reports the Trump administration is weighing broader semiconductor tariffs that would also cover laptops, gaming consoles and data center servers.

#tariffs#semiconductors#trade policy#laptops
via NewUJ Editorial
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Anthropic pitches IPO investors on a $30 trillion market opportunity
Business

Anthropic pitches IPO investors on a $30 trillion market opportunity

Anthropic is telling IPO investors its addressable market tops $30 trillion, while its valuation rests on a projected $190-200 billion of revenue in 2028, Reuters reports.

#anthropic#ipo#artificial intelligence#claude
via NewUJ Editorial
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PayPal sale talks with Stripe, Advent at $53B valuation
Business

PayPal sale talks with Stripe, Advent at $53B valuation

PayPal is in talks with Stripe and Advent International over a possible sale. No deal is final, but a July offer valued PayPal at roughly $53 billion.

#PayPal#Stripe#Advent#acquisition
via NewUJ Editorial
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