Author: i2wtc

The Anthropic website on Friday, Aug. 22, 2025. Gabby Jones | Bloomberg | Getty Images Money keeps flowing into artificial intelligence companies but out of AI stocks.In what looks like — once again — a scenario of the left hand scratching the right, Microsoft and Nvidia will be investing a combined $15 billion into Anthropic, while the OpenAI competitor has committed to buying compute power from its two newest stakeholders. At this point, it seems as if a big proportion of AI news can be summarized as: “Company X invests in Company Y, and Company Y will buy things from…

LOS ANGELES — Jeep’s new Recon all-electric SUV will start at $65,000, the American SUV brand announced Tuesday when it officially revealed the vehicle.The 2026 Jeep Recon has been years in the making, as the idea of an electric vehicle inspired by the brand’s iconic off-road Wrangler SUV was first revealed in 2021. It is expected to begin production early next year at a plant in Mexico.The Recon, revealed Tuesday ahead of the Los Angeles Auto Show, includes familiar, boxy Jeep styling as well as removable doors, a spare tire on the rear and open-air roof — all synonymous with…

ASML ‘s monopoly over one critical part of the artificial intelligence supply chain could see it more than double its own 2030 revenue expectations, according to Goldman Sachs. Demand for extreme ultraviolet radiation, or EUV, which is a niche but critical part of AI infrastructure, is set to intensify as the AI race continues at pace. EUV is like a powerful laser printer that etches minuscule designs onto silicon wafers that are used to make semiconductors. ASML, which has a market capitalization of $395 billion at time of writing, is the only company able make equipment to do this at scale and therefore underpins much of the AI supply chain. It plays a critical role in creating cost-effective advanced memory chips, according to…

A drone light show celebrating the spirit of sports is staged in Hong Kong, south China, Nov. 18, 2025. (Xinhua/Chen Duo)A drone light show celebrating the spirit of sports is staged in Hong Kong, south China, Nov. 18, 2025. (Xinhua/Chen Duo)A drone light show celebrating the spirit of sports is staged in Hong Kong, south China, Nov. 18, 2025. (Xinhua/Chen Duo)A drone light show celebrating the spirit of sports is staged in Hong Kong, south China, Nov. 18, 2025. (Xinhua/Chen Duo)A drone light show celebrating the spirit of sports is staged in Hong Kong, south China, Nov. 18, 2025. (Xinhua/Chen…

Market participation remained robust, with KSE All Share Index posting turnover of 1.5 billion shares The Pakistan Stock Exchange endured another turbulent trading session as selling pressure in the final hours dragged the market sharply lower by 0.47%. What began as a relatively stable session quickly shifted when investors turned risk-averse, leading to a wave of profit-taking across major sectors such as automobile assemblers, cement manufacturers, commercial banks, fertiliser producers, and oil and gas exploration companies all came under pressure. In the morning, trading kicked off on a quiet mood as the index swung between gains and losses throughout the…

A Waymo autonomous self-driving Jaguar taxi drives along a street on March 14, 2024 in Los Angeles, California.Mario Tama | Getty ImagesWaymo on Tuesday said it will bring its robotaxi service to new cities in Texas and Florida in 2026.The Alphabet-owned company said it plans to start operating its vehicles with no human driver assistants in Dallas, Houston, San Antonio, Miami and Orlando in the coming weeks before opening service in those markets to the public next year, the company said in a blog.”Waymo has entered a new phase of commercial scale, doubling the number of cities we operate without…

The Texas State Capitol on the day of a new session of the Texas House after Democratic lawmakers left the state to deny Republicans the opportunity to redraw the state’s 38 congressional districts, in Austin, Texas, U.S., August 11, 2025. Sergio Flores | ReutersA federal court in Texas on Tuesday blocked Texas from using a new congressional map intended to flip several Democratic-held U.S. House of Representatives seats to Republicans in the 2026 midterm elections, faulting Governor Greg Abbott for directing the legislature to draw it based on race.The 2-1 ruling by a three-judge panel dealt a major blow to…

ECC also approves Technical Supplementary Grants of nearly Rs950 million for the Federal Civil Armed Forces Amid heightened security threats and an uptick in terrorist attacks, the government approved Rs50.9 billion ($180 million) for a series of defence initiatives aimed at strengthening national security. The allocations were cleared during a meeting of the Economic Coordination Committee (ECC) held at the Finance Division, chaired by Finance Minister Muhammad Aurangzeb. The committee reviewed multiple summaries concerning defence, internal security, food security and reforms in the petroleum sector. According to the ministry, the ECC approved a Technical Supplementary Grant (TSG) of Rs100.3 million…

Meta won its high-profile antitrust case against the Federal Trade Commission, which had accused the company of holding a monopoly in social networking. In a memorandum opinion released Tuesday, Judge James Boasberg of the U.S. District Court in Washington, D.C., said the FTC failed to prove its argument. The case, initially filed by the FTC five years ago, centered on Meta’s acquisitions of Instagram and WhatsApp.”Whether or not Meta enjoyed monopoly power in the past, though, the agency must show that it continues to hold such power now,” Boasberg said in the filing. “The Court’s verdict today determines that the…

One terrorist was killed when an improvised explosive device (IED) he was installing near Doh Ghoda Bridge in Bannu detonated prematurely on Tuesday, while his injured accomplice fled towards a nearby residential area, police said. No civilian casualties were reported, and the bridge, a key route for travellers from Bannu and Miranshah to Peshawar, remained undamaged. The area has been cordoned off, and a search operation is underway to apprehend the injured terrorist. Read: FC soldier freed by terrorists in Bannu Police collected evidence at the scene and are working to identify the deceased terrorist. The bridge, located about 2km…