The Biden administration's $20 billion grant to Intel aims to strengthen the semiconductor chip output in the U.S. and reduce dependency on foreign chip production, particularly from China and Taiwan.
Funding
Major AI Companies Unite to Create the World's First Artificial Superintelligence Alliance Worth $7.6 Billion
SingularityNET, Fetch.ai, and Ocean Protocol join to form the Artificial Superintelligence Alliance, merging $FET, $OCEAN, and $AGIX tokens to create a decentralized AI network worth $7.6 billion.
Novo Nordisk's $1,000 Ozempic Diabetes Drug Can Be Made for Less Than $5 Monthly
A recent study suggests that Novo Nordisk's diabetes drug, Ozempic, priced at nearly $1,000 in the US, could be produced for less than $5 a month.
Selected Student Loan Borrowers to Receive Refunds Aside From Loan Forgiveness: Who's Eligible?
To correct the injustice of those who were paying debt for longer than needed, student loan borrowers who made payments beyond their eligibility for cancellation are now entitled to refunds.
China Pressing Banks to Expedite Loan Approvals to Cash-Strapped Private Property Developers
Chinese authorities are pressuring banks to approve new loans to private property developers faster to boost purchaser sentiment and lower lenders' asset quality.
Latest News
An Arizona State University-led consortium with over 70 partners received $40 million from the US Department of Defense under the CHIPS Act.
Polyhedra Network secured $20M in funding, led by Polychain Capital and Animoca Brands, for a valuation of $1B. Innovative zero-knowledge proofs drive its global expansion in Web 3 infrastructure.
Reddit wants $748 million to reach $6.5 billion in its most anticipated IPO in the US. Reddit seeks to generate $748 million, putting its worth at $6.
The National Science Board proposes $1.6 billion for a new "extremely large telescope" amid deliberations over two competing proposals.
Elon Musk has announced he will not donate to US presidential candidates Donald Trump or Joe Biden following reports on a weekend meeting with Trump and other wealthy Republican contributors.
Grayscale introduces the Grayscale Dynamic Income Fund, which will integrate assets from nine blockchains and award US dollars every three months.
BAE systems saw a spike in their profits in 2023 alone, amounting to $27.3 billion as a weapons manufacturer amid war in Ukraine and Gaza.
President Joe Biden reportedly wants to cut the number of F-35 jets the Pentagon will buy next year.
The leaders of the 27 European Union (EU) countries agreed on Thursday to give Ukraine a new $54 billion aid package after Hungary gave in not to veto the move.
