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Taiwan indicts nine over alleged illegal export of AI servers to China
Reuters33d agoneutral
Taiwan indicts nine over alleged illegal export of AI servers to China

Taiwan prosecutors said on Monday they indicted nine people, including employees ‌of Nvidia and Super Micro, accused of ‌illegal export of artificial intelligence servers to China. Semiconductor powerhouse Taiwan is ​the world's largest producer of advanced chips used in AI applications. Prosecutors this year investigated the suspected illegal export of servers equipped with Nvidia chips subject ‌to U.S. export ⁠controls.

How Farmers & Merchants Bancorp’s Dividend Hike Shapes FMCB’s Capital Return Strategy for Investors
Simply Wall St.33d agoneutral
How Farmers & Merchants Bancorp’s Dividend Hike Shapes FMCB’s Capital Return Strategy for Investors

Farmers & Merchants Bancorp, parent of Farmers & Merchants Bank of Central California, previously raised its quarterly cash dividend to US$5.60 per share, a 4.7% increase from the prior US$5.35, payable on October 1, 2026 to shareholders of record on September 11, 2026. This dividend increase highlights the board’s willingness to return more cash to shareholders, which often reflects confidence in the bank’s underlying earnings power. We will now examine how this higher quarterly dividend...

Nvidia Is Coming for OpenAI and DeepSeek With $6 Billion Poolside Deal to Build a Powerful Open-Weight AI Model: Report
Benzinga33d agoneutral
Nvidia Is Coming for OpenAI and DeepSeek With $6 Billion Poolside Deal to Build a Powerful Open-Weight AI Model: Report

Nvidia Corp (NASDAQ:NVDA) is making an aggressive push into AI models, striking a multibillion-dollar deal with Poolside to develop a powerful open-weight system aimed at rivals including OpenAI, Anthropic, DeepSeek and Kimi. Nvidia Bets $6 Billion on Poolside AI Technology Nvidia will pay $6 billion to license Poolside’s AI technology and invest another $1 billion in the startup at a $12 billion pre-money valuation, according to The Wall Street Journal. More than 100 Poolside employees, includi

Nvidia discusses Perplexity investment at $30 billion-plus valuation, The Information reports
Reuters33d agoneutral
Nvidia discusses Perplexity investment at $30 billion-plus valuation, The Information reports

Nvidia is in talks to invest in Perplexity as part of an equity ‌funding round that would value the AI startup ‌at more than $30 billion, The Information reported on Sunday, citing people ​with knowledge of the discussion. The funding round would increase Perplexity's valuation by more than 50% from its previous financing a year ago, according to the report. Perplexity's annualized revenue has ‌risen to more ⁠than $750 million from less than $250 million at the start of the year, the report said.

Oil falls as Trump pledges economic war on Iran
AFP33d agobearish
Oil falls as Trump pledges economic war on Iran

Oil prices fell on Monday as investors braced for details of a US plan to isolate the Iranian economy that President Donald Trump billed as the "most crushing" financial operation ever against Tehran.Vice President JD Vance admitted the plan was a "delicate dance" because Iran will "try to apply economic pressure to us".

Wall Street Is Counting on Nvidia to Keep the AI Party Going
The Wall Street Journal33d agoneutral
Wall Street Is Counting on Nvidia to Keep the AI Party Going

Chip makers are fighting to assure investors that the artificial-intelligence boom is racing forward. Wall Street might not believe it until Nvidia’s   Jensen Huang says so. When Huang steps up to the mic for his company’s earnings call Wednesday, he will have the world’s attention.