Chip producer Advanced Micro Devices (AMD) has committed to investing as much as $5 billion in Anthropic as a component of a chip agreement, according to the company’s press service. According to The Wall Street Journal (WSJ), this marks AMD's initial investment in the Claude developer. On July 22, the firms revealed a strategic alliance. According to the agreement, Anthropic will acquire AMD's...

Samsung Electronics of South Korea is creating a division to enhance robotics development and its commercialization, the company revealed. The robotics unit will be named RX (Robotics eXperience) and will directly report to the CEO of Samsung. The division will manage mid- and long-term strategy, business activities, and the advancement of essential technologies in the sector, while also...

U.S. District Court Judge Araceli Martinez-Olguin in Oakland, California, has directed Paramount Skydance and Warner Bros. Discovery (WBD) to pause the finalization of their merger for 14 days, according to Bloomberg. The businesses anticipated finalizing the agreement on July 22. California and 11 other states initiated a lawsuit a week ago to prevent the deal, arguing it would negatively...

Chinese AI firm Moonshot AI has notified its investors about its intentions to become a publicly traded company within six months, according to Bloomberg, referencing sources close to the situation. The agency stated that Moonshot has provided shareholders with a draft resolution for listing, requesting their consent for a listing on the Hong Kong Stock Exchange. Sources indicated that Moonshot...

British BP will divest its 42 percent interest in BP Energy Company of Kirkuk Limited (BP ECKL), which is engaged in rehabilitating Kirkuk, one of Iraq's oldest fields, and developing adjacent fields in northern Iraq, to American ConocoPhillips. BP disclosed that the accord will be formalized during Iraqi Prime Minister Ali Al-Zaidi's official trip to Washington and will signify the integration...

Neko Health, a company focused on body-scan diagnostics, has secured $700 million in funding from venture capitalists, wealthy individuals, and celebrities, according to Bloomberg, referring to a statement from the company. The round was spearheaded by billionaire Eyal Ofer's OG Venture Partners along with Lightspeed Venture Partners. Neko Health's backers feature supermodel Claudia Schiffer,...

Taiwan Semiconductor Manufacturing Company (TSMC), the leading contract chip manufacturer globally, has disclosed initial revenue information. TSMC's earnings for the initial half of 2026 increased by 35.6% to a new high of NT$2.4 trillion ($75 billion). In June, it hit NT$442.68 billion ($13.8 billion), an increase of 67.9% compared to the previous year. TSMC will release its complete...

Oliver Blume, the CEO of Volkswagen, a German car manufacturer, asserted that there are more intelligent ways to cut costs than shutting down factories. He informed German media that VW successfully cut costs at its German factories by an average of 20% last year, describing this as "substantial advancement." "We have a high demand for our products, yet our profit margins are insufficient,"...

Baker Hughes Co., an American oilfield services firm, has obtained approval from the European Commission for its $13.6 billion takeover of fellow American firm Chart Industries Inc., as announced by the EU's antitrust body. "The European Commission voiced worries that the initially proposed transaction could diminish competition in worldwide markets for gas liquefaction technologies and equipment...