Jonathan Wong
The Latest
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Walmart Partners With OpenAI to Launch AI Shopping Through ChatGPT
Walmart is partnering with OpenAI to let shoppers buy groceries and household items directly through ChatGPT, marking one of the largest retail integrations yet between artificial intelligence and e-commerce. The move positions Walmart at the forefront of what it calls "AI-first shopping," where conversational technology replaces traditional search and checkout systems. Walmart is partnering with OpenAI to let shoppers buy groceries and household items directly through ChatGPT, marking one of the largest retail integrations yet between artificial intelligence and e-commerce. The move positions Walmart at the forefront of what it calls "AI-first shopping," where conversational technology replaces traditional search and checkout systems. -
GM to Take $1.6 Billion Charge Amid Slowdown in EV Demand and End of U.S. Tax Credits
General Motors said Tuesday it will take a $1.6 billion charge in the third quarter as the company reassesses its electric vehicle strategy following the cancellation of federal tax incentives and a slowdown in EV demand. The automaker's disclosure marks one of the clearest signs yet that U.S. carmakers are recalibrating their electric ambitions amid shifting policy and market conditions. General Motors said Tuesday it will take a $1.6 billion charge in the third quarter as the company reassesses its electric vehicle strategy following the cancellation of federal tax incentives and a slowdown in EV demand. The automaker's disclosure marks one of the clearest signs yet that U.S. carmakers are recalibrating their electric ambitions amid shifting policy and market conditions. -
Google Unveils $15 Billion Plan to Build Massive AI Data Center Hub in India
Google said Tuesday it will invest $15 billion over the next five years to build an artificial intelligence data center in India's southern state of Andhra Pradesh, marking the U.S. technology giant's largest single investment in the country and its biggest AI infrastructure project outside the United States. Google said Tuesday it will invest $15 billion over the next five years to build an artificial intelligence data center in India's southern state of Andhra Pradesh, marking the U.S. technology giant's largest single investment in the country and its biggest AI infrastructure project outside the United States. -
PepsiCo Beats Earnings Forecast as International Sales Offset Weak North American Demand
PepsiCo Inc. posted stronger-than-expected third-quarter earnings Thursday, buoyed by solid international sales and improving beverage performance, even as the company continued to face declining volume in its North American snack and drink businesses. PepsiCo Inc. posted stronger-than-expected third-quarter earnings Thursday, buoyed by solid international sales and improving beverage performance, even as the company continued to face declining volume in its North American snack and drink businesses. -
NYSE Owner Intercontinental Exchange Takes $2 Billion Stake in Polymarket, Valuing Platform at $8 Billion
Intercontinental Exchange Inc., the parent company of the New York Stock Exchange, announced a $2 billion investment in Polymarket, a crypto-based prediction market platform, in a move that underscores Wall Street's growing interest in event-driven trading tied to real-world outcomes. The deal, disclosed Tuesday, values Polymarket at roughly $8 billion, according to both companies. Intercontinental Exchange Inc., the parent company of the New York Stock Exchange, announced a $2 billion investment in Polymarket, a crypto-based prediction market platform, in a move that underscores Wall Street's growing interest in event-driven trading tied to real-world outcomes. The deal, disclosed Tuesday, values Polymarket at roughly $8 billion, according to both companies. -
AMD Stock Soars More Than 30% as OpenAI Strikes Landmark GPU Partnership Worth Billions
Advanced Micro Devices shares surged more than 30% Monday after the company announced a sweeping, multi-year deal with OpenAI that could make the ChatGPT developer one of its largest shareholders and solidify AMD's foothold in the booming artificial intelligence hardware market. Advanced Micro Devices shares surged more than 30% Monday after the company announced a sweeping, multi-year deal with OpenAI that could make the ChatGPT developer one of its largest shareholders and solidify AMD's foothold in the booming artificial intelligence hardware market. -
Trump Blocked from Sending Troops to Oregon as Federal Judge Halts National Guard Deployment
President Donald Trump's plan to send National Guard troops to Oregon was halted Sunday night after a federal judge temporarily blocked the deployment, marking a rare judicial curb on presidential authority over military mobilization. President Donald Trump's plan to send National Guard troops to Oregon was halted Sunday night after a federal judge temporarily blocked the deployment, marking a rare judicial curb on presidential authority over military mobilization. -
Chevron’s El Segundo Refinery Fire Knocks Out Units, Jet Fuel Prices Surge 33 Cents
A massive fire erupted late Thursday at Chevron's El Segundo refinery in Southern California, forcing multiple units offline and raising concerns about jet fuel supplies at Los Angeles International Airport and gasoline prices across the state. A massive fire erupted late Thursday at Chevron's El Segundo refinery in Southern California, forcing multiple units offline and raising concerns about jet fuel supplies at Los Angeles International Airport and gasoline prices across the state. -
BlackRock’s GIP Nears $40 Billion Aligned Data Centers Takeover
Global Infrastructure Partners, the BlackRock-owned investment firm, is in advanced talks to acquire Aligned Data Centers in a deal that could value the Texas-based operator at about $40 billion, according to people familiar with the matter. The potential transaction would mark one of the largest private data center acquisitions ever, underscoring the scramble for digital infrastructure powering the artificial intelligence boom. Global Infrastructure Partners, the BlackRock-owned investment firm, is in advanced talks to acquire Aligned Data Centers in a deal that could value the Texas-based operator at about $40 billion, according to people familiar with the matter. The potential transaction would mark one of the largest private data center acquisitions ever, underscoring the scramble for digital infrastructure powering the artificial intelligence boom. -
Abu Dhabi Royals to Buy 15% of TikTok U.S. as Trump Clears $14 Billion Deal
Abu Dhabi's royal family will take a 15% stake in TikTok's U.S. business under a $14 billion deal brokered by President Donald Trump, a move that shifts majority control of the video-sharing platform to American investors after years of national security wrangling over Chinese ownership. Abu Dhabi's royal family will take a 15% stake in TikTok's U.S. business under a $14 billion deal brokered by President Donald Trump, a move that shifts majority control of the video-sharing platform to American investors after years of national security wrangling over Chinese ownership.