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Nvidiaforecast quarterly revenue above estimates on Wednesday and announced a stock split, lifting its shares to record-high territory and impressing investors who have tripled the chipmaker’s market value in the past year on AI optimism. Nvidia shares jumped 5.9% to $1,005 in extended trade, peaking above the psychologically important $1,000 mark and adding about $140 billion
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The Posts owner News Corp agreed to a landmark content licensing deal with artificial intelligence giant OpenAI, the firms announced Wednesday. The agreement allows the ChatGPT creator to use current and archived content produced by News Corp-owned publications — which also include the Wall Street Journal, Barrons, The Sun and The Times of London —
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UK regulators fined Citigroup 61.6 million pounds ($78.5 million) for controls failings in its trading operations, one of the biggest sanctions for systems breaches, which in one case saw the Wall Street firm cause a sudden fall in European stocks. The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA), the markets watchdog, both probed and fined Citigroup over
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