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Another AI-related headline involving a Mag 7 member has hit the headlines once again. But is anybody really surprised?AMD and Meta Build Deeper RelationshipThis time, it’s Advanced Micro Devices AMD and Meta Platforms META in the news, with the companies agreeing to a definitive multi-year partnership to deploy up to six gigawatts of AMD Instinct GPUs to support the development and deployment of META’s broader AI buildout.Unsurprisingly, the deal further reinforces META’s massive spending on its broader AI mission, with the company forecasting total FY26 expenses in a band of $162 – $169 billion, the majority of which is allocated…
Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxTriple-A is expanding its cross-border remittance network through a partnership with Mastercard.The company has integrated Mastercard Move into its remittance-as-a-service platform to support faster international payouts for banks, fintech firms and telecom operators.The move enables European financial institutions to launch global remittance services with near real-time settlement and improved liquidity management.Banks in the Middle East, Africa and Latin America can also use Triple-A’s infrastructure to facilitate remittance flows from Europe to key home markets.Triple-A, a licensed global payment institution, said the collaboration marks another step in its continued…
Zambia, Africa’s second-biggest copper producer, will use larger-than-expected mining revenues to start a stabilization fund this year, a senior treasury official said, ensuring the government has a buffer when a red-hot rally in the metal fades.
The dramatic deal to acquire Warner Bros. Discovery looks like it may have a cliff-hanger ending after all.
President Donald Trump could use his State of the Union address on Tuesday night to unveil a new plan.
Check out what’s clicking on FoxBusiness.com. An American Airlines jet was found Monday with possible bullet holes on its exterior after completing a flight from Medellin, Colombia, to Miami. The damage was discovered during a routine post‑flight inspection of the Boeing 737 MAX 8 at Miami International Airport.According to Airlive.net, the puncture marks resembled bullet holes and were found on the plane’s right wing assembly. American Airlines confirmed to FOX Business that the plane was impacted and is currently undergoing inspection. AMERICA’S AIRPORT AFFORDABILITY GAP: CITIES WHERE TRAVEL COSTS ARE CRUSHING FAMILIES An American Airlines plane taxis to a gate on Jan. 11,…
Check out the companies making headlines before the bell: Advanced Micro Devices — The semiconductor maker rose about 11% after it inked a multiyear deal with Meta to lend up to 6 gigawatts of its graphics processing units to artificial intelligence data centers. The cost of the deal is unclear, but the companies’ agreement includes a a performance-based warrant that could amount to up to 160 million of AMD shares, according to a statement dated Tuesday. Home Depot — The home-improvement retailer gained 2.7% after posting fourth-quarter adjusted earnings of $2.72 per share on revenues of $38.20 billion. That exceeded…
The Governance Exploit Nobody Is Pricing In. Bridges get hacked. That’s old news. We’ve seen the carnage: nine-figure exploits, drained liquidity, emergency shutdowns, Twitter threads filled with “funds are safu” copium. From Ronin Network to Wormhole, bridge exploits have become a recurring tax on innovation. But here’s the uncomfortable truth. The next systemic risk in crypto probably won’t be a bridge exploit. It’ll be a governance exploit enabled by cross-chain voting power. And almost nobody is pricing it in.The Shift: From Asset Bridges to Power BridgesCross-chain infrastructure has evolved.We’re no longer just bridging tokens for yield. We’re bridging:Protocols increasingly allow…
Meta just handed the biggest chip deal in the company’s history — and it changes the math for the entire AI semiconductor sector. Advanced Micro Devices (AMD) surged 8% on Tuesday after announcing a 6-gigawatt, multi-year agreement with to power the social media giant’s next generation of AI data centers. The deal, valued at roughly $60 billion over five years according to Reuters, will deploy custom AMD Instinct MI450 GPUs and 6th Gen EPYC “Venice” CPUs starting in the second half of 2026. That’s six gigawatts of power capacity — roughly the energy consumption of six million homes — dedicated…
Donald Trump lashed out at Tehran’s “sinister” nuclear ambitions in his State of the Union address as he laid out Washington’s justification for possible US military action against the Islamic republic. The US president accused Iran of seeking to rebuild its nuclear weapons programme as he spoke before a joint session of Congress on Tuesday night.Amid a massive build-up of US naval and air power in the Middle East, Trump said the US was negotiating with Iran but Tehran was not relinquishing its nuclear ambitions and continued to threaten America. “They’ve already developed missiles that can threaten Europe and our…
