IBM declared plans to invest more than $10 billion in quantum technology development in the next five years, with the goal of building the first large-scale quantum computer that can perfectly execute complex calculations by 2029. Based on IBM's submission to the US Securities and Exchange Commission (SEC), the resources will be allocated, among other purposes, for research and development,...

American Qualcomm Inc. has reached an agreement with China's ByteDance Ltd. to provide AI chips for TikTok owner's data centers, Bloomberg writes. Bloomberg's sources indicate that ByteDance plans to buy millions of chips from Qualcomm to bolster its AI agents. The Chinese firm will be among the initial significant purchasers of Qualcomm chips made explicitly for AI advancement. Qualcomm is...

Chinese internet giant JD.com is exploring the acquisition of British online retailer The Very Group for £2 billion ($2.69 billion), according to Sky News, which references sources. A representative from JD.com chose not to address the rumors, and The Very Group also opted not to comment. The Very Group, established in 2005, was purchased by investment company Carlyle in November 2025. In...

Aerospace firm SpaceX has submitted for an IPO that may break records and potentially turn its founder, Elon Musk, into the first trillionaire globally. Documents submitted to the US Securities and Exchange Commission (SEC) indicate that SpaceX intends to launch its shares on the Nasdaq with the ticker symbol SPCX in June this year. The firm has not yet revealed its anticipated valuation or the...

Bettina Orlopp, CEO of the German bank, stated that implementing artificial intelligence will enable Commerzbank AG to save around €350 million each year. She stated during her address at Wednesday's annual shareholder meeting that the bank intends to allocate €600 million towards AI by 2030. The projected return on these investments is around €500 million each year, comprising 70% from cost...

According to the NTB news agency, Norway's state-owned energy firm Statkraft intends to invest around NOK 80 billion ($8.6 billion) over the next decade to upgrade power plants and construct wind farms within the nation. Two years back, the firm planned to assign NOK 44-67 billion for these objectives. Norway depends largely on hydropower, as over fifty percent of its electricity is produced by...

Billionaire Elon Musk announced that he is making arrangements for a SpaceX initial public offering in the US, and the process is expected to start "rather soon." Musk is joining through videoconference at the Samson International Smart Mobility Summit happening in Tel Aviv, according to Bloomberg. Concerning his involvement in the summit virtually instead of attending in person, Musk mentioned...

US President Donald Trump executed multiple transactions of stocks and bonds in major US corporations valued at tens of millions of dollars or greater in the first quarter. Documents made public on May 14 revealed Trump's financial transactions to the US Office of Government Ethics. The holdings document, spanning more than 100 pages, details investment totals across a diverse array. Based on...

Investment companies Blackstone Inc. and CD&R are contemplating purchase of Magnum Ice Cream Co., an ice cream manufacturer that separated from Unilever fewer than six months ago, according to Reuters, referencing sources familiar with the situation. Sources indicate that investors are watching Magnum's stock price as they prepare to make a bid decision. Unilever finished the Magnum spinoff in...