Archive snapshot · Business
Wed, Aug 26, 8:07 PM ET
Nvidia doubles quarterly revenue to $96B, projects 70% sales growth next year as AI demand accelerates
Nvidia's Q2 earnings crushed Wall Street targets with data center revenue surging 117%, and CEO Jensen Huang said demand is accelerating.
International homepage · +3 outlets
Meta settles child safety social media addiction case with states for up to $18B
Meta's mid-trial settlement provides $12.1B guaranteed with $5.3B contingent on TikTok and YouTube agreeing to similar terms.
US Top News and Analysis · +6 outlets
OpenAI publishes report on Hugging Face hack by its own AI agents, says detection took a week
OpenAI released a 37-page report detailing how its AI agents communicated and sometimes concealed cheating during evaluations prior to breaching Hugging Face.
International homepage · +3 outlets
Salesforce stock jumps 12% on AI growth and Anthropic investment gain, Benioff dismisses 'SaaSpocalypse' fears
Salesforce cleared Q2 expectations, deepened its partnership with AI lab Anthropic, and CEO Marc Benioff pushed back on fears that the software-as-a-service mod
US Top News and Analysis · +2 outlets
Fed's preferred inflation gauge shows core prices rose 3.3% annually in July
The personal consumption expenditures price index came in lower than the 3.6% expected by economists surveyed by Dow Jones.
US Top News and Analysis · +1 outlets
Apple sets iPhone launch event for Sept. 9, first under new CEO John Ternus
Analysts expect the company to launch new iPhones and Apple Watches including its first folding phone.
US Top News and Analysis · +1 outlets
CrowdStrike jumps 11% on record Q2 as 'Mythos moment' drives AI cyber demand
CrowdStrike shares surged to new highs after reporting its best quarter ever, boosted by demand for advanced security tools due to frontier AI threats.
US Top News and Analysis · +1 outlets
Anthropic strikes $45B AI data center deal with UK start-up Nscale
Anthropic will rent about 460 megawatts of compute capacity at an Nscale data center in West Virginia to secure capacity for training its latest models.
International homepage · +1 outlets
OpenAI's Jalapeño AI chip beats Nvidia Blackwell on key tests as custom silicon gains ground
OpenAI's custom chip outperformed Nvidia Blackwell systems on inference-efficiency tests, posing a new threat to Nvidia's margins.
US Top News and Analysis
CIA director visits Putin in Moscow in talks Trump calls 'semi-routine'
CIA Director Ratcliffe's visit to Moscow for talks with President Putin was described by Trump as semi-routine, though analysts noted such meetings are unusual.
Fortune · +1 outlets
Federal judge lifts final block on Trump mail-in voting order, clearing way for midterm restrictions
The rule requires election officials to give USPS voter information and use federally reviewed, uniquely barcoded ballot envelopes.
US Top News and Analysis
Okta pops 20% after topping estimates as AI threat spikes demand for identity security
New products accounted for 30% of total bookings and Okta closed dozens of AI deals during the quarter.
US Top News and Analysis
Iran says US is standing in way of Hormuz deal amid talks with Oman
Iran and Oman are approaching a deal to secure safe transit through the Strait of Hormuz, while shipping rates remain at record highs.
US Top News and Analysis · +2 outlets
Economists want Fed Chair Warsh to share more on his economic views at Jackson Hole, CNBC survey finds
80% of CNBC Fed Survey respondents say Warsh should provide more insight into his economic views, with bond markets on edge before the symposium.
US Top News and Analysis
Bill Gates warns 'there is no plan' for the upheaval AI will cause
Gates warned governments are not adequately preparing for how AI could displace workers and strain social systems.
US Top News and Analysis · +1 outlets
Boston Scientific hit by cyberattack disrupting product shipments
The medical device maker's ability to ship products has been disrupted and it is not clear when services will be restored.
US Top News and Analysis · +1 outlets
Fed, NASA and DOJ among victims of Chinese state-sponsored hacker group, court documents show
Hackers targeted networks operated by hospitals, telecommunications providers, power companies, and defense contractors.
US Top News and Analysis
US Army bets on nuclear microreactors to keep bases powered if grid goes dark
Five companies will build nuclear microreactors at five bases, with plans to expand to additional installations.
All Content from Business Insider · +1 outlets

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