The purchase from Australian Macquarie Asset Management is the first deal for the AI Infrastructure Partnership which also includes Abu Dhabi-based fund MGX and Elon Musk’s startup xAI.
Read More BlackRock, Nvidia-backed group strikes $40 billion AI data center deal
OpenAI is releasing an AI video-generating app called Sora that lets people create and share AI videos that can be spun from copyrighted content and shared to social media-like streams.
Read More OpenAI launches new AI video app spun from copyrighted content
BofA Global Research on Friday forecast the U.S. Federal Reserve to deliver two 25 basis point cuts, in September and December, after a soft jobs report.
Read More BofA expects Fed to deliver two cuts this year after soft jobs report
Robots competed in sports such as track and field, and table tennis, as well as tackled robot-specific challenges from sorting medicines and handling materials to cleaning services.
Read More Robots race, play football, crash and collapse at China’s ‘robot Olympics’
The S&P 500 and the Nasdaq opened at record highs, while the Dow was on the cusp of that as optimism from a U.S.-EU trade pact set the stage for a week packed with megacap earnings.
Read More S&P, Nasdaq at record highs as US-EU trade deal sparks optimism in pivotal week
Joby Aviation conducted the first test flight of its fully-electric air taxi, a major milestone in an effort to integrate airborne transport into existing mobility networks as early as next year.
Read More Dubai aims to beat the traffic with 2026 Joby air taxi liftoff