Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chip manufacturer, has fully exited its stake in chipmaker Arm Holdings, Reuters reports, citing a company statement. TSMC Partners, a subsidiary, sold 1.11 million Arm shares on April 28-29 at a price of $207.65 per share. In total, it generated approximately $231 million from the sale. As a result of the...

The European Commission announced that it has given approval for the establishment of a joint venture between Airbus and Air France, in line with EU regulations. The EC press release indicates that this is a joint venture between Airbus SAS, which is controlled by Airbus SE ("Airbus") based in the Netherlands, and Société Air France, which is controlled by Air France-KLM S.A. ("Air France") based...

Bloomberg reports that Microsoft has forfeited its exclusive right to market artificial intelligence (AI) models created by OpenAI. The firms revealed a renegotiation of their contract, allowing ChatGPT, the creator of OpenAI, to form partnerships with Microsoft's rivals such as Amazon. Microsoft continues to be OpenAI's main cloud collaborator, with OpenAI products mainly being provided on...

Nuclear energy company X-Energy raised $1.02 billion through a US initial public offering, according to Bloomberg, which is reporting the news based on a statement from the company. X-Energy has offered 44.3 million shares at a price of $23 per share.  The price is higher than the originally stated range of $16 to $19.  According to Bloomberg's calculations, X-Energy's market...

Shareholders of Warner Bros. Discovery (WBD) strongly approved the $110 billion sale, including debt, of Paramount to Skydance Corp., according to Bloomberg. Paramount and WBD reached an agreement on the deal's terms at the end of February. WBD's board of directors advised shareholders to give their approval. According to the agreement, Paramount will owe WBD a $7 billion fine if regulators...

Chinese technology giants Tencent Holdings Ltd. and Alibaba Group Holding Ltd. are negotiating to invest in the AI startup DeepSeek, according to The Information. Sources for the publication indicate that the terms being discussed imply a valuation of DeepSeek greater than $20 billion. They say this is the first instance the startup will seek external funding. DeepSeek is owned by the Chinese...

American pharmaceutical company Eli Lilly has finalized a deal to purchase biotech firm Kelonia Therapeutics, as stated in a joint press statement. Kelonia shareholders will obtain $3.25 billion right away and up to $3.75 billion depending on the attainment of specific milestones. The Wall Street Journal earlier covered the agreement, referencing knowledgeable sources. Kelonia is creating...

Tesla, the electric vehicle manufacturer founded by Elon Musk, currently the wealthiest individual globally with a net worth of $795.7 billion as of April 20, might have utilized international frameworks to lower U.S. taxes, resulting in savings of at least $400 million, as reported by Reuters after analyzing the company's and its subsidiaries' financial records. These financial reports show that...

The Financial Times reports that the American firm OpenAI has suspended its main AI infrastructure initiative in the UK, known as Stargate UK. The firm mentioned elevated energy expenses and regulatory ambiguity as reasons for the choice. The data center for this project, situated in northeast England, was initially set to start construction in the first quarter of 2026. Worries regarding the...