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Harvard Has a Massive Stake in SpaceX
The Wall Street Journal40d agoneutral
Harvard Has a Massive Stake in SpaceX

$2.2 billion That’s the stake that Harvard University’s endowment fund holds in SpaceX, according to a Friday securities filing. It amounts to roughly 12.9 million shares. That’s a much bigger investment than in other major tech companies, the document showed: By comparison, Harvard Management has a roughly $350 million stake in Taiwan Semiconductor Manufacturing and $234 million worth of Amazon shares.

Nvidia just took a very serious step on SpaceX stock
TheStreet40d agoneutral
Nvidia just took a very serious step on SpaceX stock

There is a version of the AI trade that everyone can see. Nvidia sells chips. Hyperscalers buy chips. The money flows one direction. It's a clean story. The SEC filing Nvidia dropped on August 14 tells a different version of that story, one where the chip supplier is also one of the largest ...

Finfluencers Build Trust With Relatability, Rage Bait and GRWM Routines
The Wall Street Journal40d agoneutral
Finfluencers Build Trust With Relatability, Rage Bait and GRWM Routines

Financial influencers are reshaping how consumers manage their money—and how brands win their trust, Elyse Goncalves reports for The Wall Street Journal. Less regulated and more widely accessible than the traditional financial services industry, these “finfluencers” use battle-tested growth tactics to capture attention. Stock picker Timothy James, 38, says he’s used rage-baiting lines to drive views, while U.K. creator Leo Gibson relies on radical relatability.

Uber, Zipline partner on US drone delivery for Uber Eats
Reuters40d agoneutral
Uber, Zipline partner on US drone delivery for Uber Eats

Uber Technologies and Zipline announced a partnership on Monday to bring ‌autonomous drone delivery to Uber Eats ‌customers across the United States. The tie-up was accompanied by ​Uber making a strategic investment in the drone delivery company. • ​Uber declined ​to comment on Reuters' ​request seeking financial ‌details of its investment in Zipline.

Fulcrum Therapeutics Merges With Slate in $245M Migraine Biotech Deal
MarketBeat40d agoneutral
Fulcrum Therapeutics Merges With Slate in $245M Migraine Biotech Deal

Fulcrum Therapeutics (NASDAQ:FULC) has entered into an all-stock merger agreement with privately held Slate Medicines, a migraine-focused biotechnology company, in a transaction expected to close in the fourth quarter of 2026, subject to stockholder approval and customary closing conditions. Alex S

Alphabet Eyes $3.6 Billion in First Australian Bond Sale
Bloomberg40d agoneutralVIDEO
Alphabet Eyes $3.6 Billion in First Australian Bond Sale

Alphabet is looking to raise about $3.6 billion in what would be its debut bond offering in Australia, according to people familiar with the matter. Initial price guidance on the deal may be provided as early as Tuesday, with the notes potentially pricing the following day. Mandeep Singh of Bloomberg Intelligence has more.

Nvidia to invest $1.5 billion in SB Energy under OpenAI data center deal
Reuters40d agoneutral
Nvidia to invest $1.5 billion in SB Energy under OpenAI data center deal

Nvidia will invest $1.5 billion in SoftBank-backed <9984.T> SB Energy and secure up to ‌8 gigawatts of AI computing capacity at ‌an Ohio campus being built by the data center developer ​for OpenAI. The deal is the latest where Nvidia is financing the ecosystem consuming its chips, a strategy that has helped fuel demand but also drawn ‌scrutiny over the circular ⁠flows of funds from the chipmaker to its biggest customers. Leading tech firms are ⁠increasingly tying together chips, power and data center development as they race to secure the infrastructure needed ​for ​increasingly power-hungry AI models.

Trump threatens to bomb Oman over Iran stance
Investing.com40d agoneutral
Trump threatens to bomb Oman over Iran stance

Investing.com -- President Donald Trump threatened military action against Oman if the country interferes with the U.S. blockade of Iranian ships in the Strait of Hormuz, according to Fox News.

Groq Valued at $3.5 Billion in Funding Round After Nvidia Deal
Bloomberg40d agoneutral
Groq Valued at $3.5 Billion in Funding Round After Nvidia Deal

Groq has raised $350 million in funding at a $3.5 billion valuation, roughly half what it was worth nearly a year ago before Nvidia Corp. struck a licensing deal with the startup and hired away much of its talent.The financing, set to be announced Monday, was led by Dallas-based investment firm Disruptive. Nvidia is also set to invest in the round, according to a representative for Groq. Nvidia did not respond to a request for comment. Founded in 2016, Groq was among the companies developing the

Serve Robotics partners with Grubhub in robot delivery expansion push
Reuters40d agoneutral
Serve Robotics partners with Grubhub in robot delivery expansion push

Serve Robotics said on Monday it is partnering with Grubhub to fulfill orders on the food delivery ‌platform using its sidewalk delivery robots, tapping a new marketplace days after ‌its years-long tie-up with Uber Eats fell through. The San Francisco-based robotics company, known for its boxy, four-wheeled ​robots delivering Uber Eats and DoorDash orders, said its tie-up with Grubhub will initially launch in Chicago, Los Angeles and Alexandria. The partnership comes as Serve is set to lose its Uber delivery alliance early next year.