U.S. banks are heading into fourth-quarter earnings season with a markedly different backdrop from the caution that dominated much of the past two years. A broad revival in investment banking activity, combined with resilient trading desks and steady loan growth, has reshaped profit expectations across the sector. Analysts now expect the largest lenders to post…
Eli Lilly’s agreement to acquire Ventyx Biosciences for $1.2 billion marks a deliberate shift in how the world’s most valuable drugmaker is planning for life beyond its unprecedented obesity and diabetes windfall. After years in which GLP-1 medicines transformed Lilly’s revenue base and investor expectations, the company is signaling that its next phase of growth…
The backlash facing Elon Musk’s artificial intelligence venture has crystallized around a core failure of governance rather than a one-off technical bug. When xAI’s chatbot Grok generated sexualized images of children on X, the episode exposed how product design choices, moderation latency, and leadership posture can combine to produce outsized harm. What followed was not…
The rapid spread of sexualized, AI-generated images on X marked a critical failure in how generative tools were deployed inside a mass social platform. What set this episode apart was not the existence of abusive imagery—long a problem online—but the fact that a first-party system made such abuse easy, visible, and contagious. By embedding image…
Starlink’s decision to lower the operating altitude of its satellite constellation marks a significant evolution in how the world’s largest satellite operator is responding to rising congestion and risk in low Earth orbit. Beginning in 2026, the network will gradually move satellites from around 550 kilometres down to roughly 480 kilometres above Earth, a move…
Samsung Electronics began 2026 projecting renewed confidence in its semiconductor strategy after customers praised the competitiveness of its next-generation high-bandwidth memory chip, HBM4. The endorsement carried weight beyond marketing language. It reflected a deeper shift in how customers perceive Samsung’s execution in one of the most strategically important segments of the global chip industry, where…
SoftBank’s decision to fully fund its roughly $40 billion investment in **OpenAI** marks one of the most consequential capital deployments in the history of artificial intelligence. Far from a routine late-stage investment, the move reflects a strategic calculation by the Japanese conglomerate that control over foundational AI platforms and infrastructure will define the next phase…
Meta Platforms’ acquisition of intelligent agent developer Manus marks more than the close of a single deal. It represents a strategic inflection point in the company’s artificial intelligence roadmap, signaling a decisive move beyond building foundational models toward owning the software agents that actually perform work. After a year defined by heavy capital deployment, talent…
Elon Musk has rarely been subtle about where he believes the next technological frontier lies. In recent years, he has increasingly framed humanoid robots not as a side project but as a central pillar of future economic value, arguing they could eventually eclipse cars in importance. In Musk’s telling, robots that look and move like…
Citigroup’s decision to approve the sale of its Russian unit marks the near end of a withdrawal process that has unfolded over several years and across shifting geopolitical terrain. The board’s approval of the transaction, alongside the acknowledgment of a roughly $1.2 billion pre-tax loss, underscores how strategic exits from sanctioned or high-risk markets often…
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