Global miner Anglo American’s CEO delivered a stark warning about inequality at the B20 Summit. He revealed that 83% of countries are experiencing dangerously high income inequality, calling it an economic constraint that requires urgent collaboration between governments and businesses.
Nvidia reports quarterly earnings after today’s closing bell, with the AI superstar’s performance potentially steering broader market direction. Meanwhile, Target slumps on weak results while Lowe’s and Constellation Energy gain ground.
Months after Riot Games canceled Hytale, co-founder Simon Collins-Laflamme has purchased the IP rights back and released new gameplay footage. He’s rehired over 30 developers and promises early access is coming soon. The 16-minute video shows the game in its current “raw and broken” state.
GlobalFoundries has acquired Advanced Micro Foundry in a move to dominate silicon photonics manufacturing. The deal expands GF’s capabilities in high-speed data transfer technology crucial for AI and data centers. AMF brings specialized 200mm manufacturing and R&D expertise to the foundry giant.
AMD is pushing forward with Linux graphics improvements on multiple fronts. The company continues developing Xen GPU virtualization features while proposing patches to move older Radeon hardware to modern drivers. This demonstrates AMD’s ongoing commitment to the Linux ecosystem.
Serbia’s NIS oil company, majority-owned by Russian energy giants, has requested a special license from US authorities to maintain operations. The company faces an ownership crisis as Washington pushes for complete Russian divestment. Serbia’s president says the country has just days to resolve the
Sungrow has launched new commercial battery storage systems specifically for the South African market. The technology addresses grid instability while costs have dropped dramatically from $266/kWh to $112/kWh since 2017. Storage installations across Africa are exploding, growing 13-fold this year al
Convera’s CEO describes 2025 as a year of extremes where leadership means creating clarity amid global instability. The cross-border payments firm is betting on disciplined AI adoption and modernization to stay agile. Gauthier warns that companies that don’t adapt to AI will become as obsolete as th
Google DeepMind co-founder Demis Hassabis acknowledges some AI investments show classic bubble signs, with multi-billion dollar seed rounds for companies with “basically nothing.” Meanwhile, OpenAI reportedly hemorrhaged $14 billion this quarter alone as major investors bet against AI leaders.
Major investment firms Fidelity International and Allianz Global Investors believe the AI stock rally has staying power. They see recent semiconductor weakness as a temporary correction rather than the end of the trend.
