Taiwan’s defense minister said Tuesday that existing U.S. arms sales to Taiwan remain unchanged, and that Taipei remains in talks with the U.S. over individual deals. A record $14 billion arms package to the island, however, remains stalled. The minister’s remarks come as concerns mount that President Donald Trump could halt arms sales to Taiwan.
EliseAI, the artificial intelligence company that automates back-office work for landlords and health systems, has raised $350 million at a $4 billion valuation, the company told Fortune, nearly doubling its valuation from just over a year ago. The funding round was co-led by existing investors Andreessen Horowitz (a16z) and Bessemer Venture Partners, as well as
Chipmaker AMD is acquiring World Labs, a two-year-old startup focused on physical AI that was cofounded by industry pioneer Fei-Fei Li. The $8.2 billion, all-stock deal will give AMD important technology in an emerging branch of AI that could power a new generation of autonomous machines such as robots and self-driving cars. The acquisition will
WASHINGTON — U.S.-Canada relations, already tense, are likely to deteriorate further after the United States went ahead early Tuesday with a decision to ban nearly $1 billion worth of Canadian imports, including alcoholic beverages, dairy products and motorcycles. The ban amounts to barely a ripple in $880 billion worth of a two-way annual trade between
Nvidia, the dominant supplier of AI-computing infrastructure, authorized a record $150 billion stock buyback on Monday, bringing its total repurchase capacity to $235 billion through fiscal year 2028, the largest in corporate history. The move comes as the AI boom faces a harsh reality: Nvidia, the giant that designs the high-performance chips, GPUs, servers and
AMD announced today that it’s acquiring World Labs, an AI research lab co-founded by the prominent researcher Dr. Fei-Fei Li, in an all-stock deal worth approximately $8.2 billion. World Labs launched in 2024 and was valued at $1 billion in a matter of months. The startup launched its first commercial product, a world generation model
