A key financial leader has left xAI, the AI startup connected to SpaceX. The former CFO, Anthony Armstrong, stepped down recently. His departure comes as other top executives also exit, showing bigger changes inside the company. Armstrong had a big role before—helping with the purchase of X (formerl
Big loans for tech projects aren’t new, but a recent $8. 5 billion financing deal for CoreWeave is turning heads for a different reason. Instead of backing risky crypto mining operations, this loan focuses on building AI data centers packed with powerful GPUs. The shift shows how lenders are now bet
The World Bank is rumored to have a financial toolbox ready for countries hit hard by the Iran war. Inside that toolbox? Anywhere from 20 to 25 billion dollars, according to a fresh report. That money wouldn’t just sit idle—it would move fast, like an emergency loan sent overnight to keep economies
The state’s finance office has rolled out fresh rules on how local governments can tap a share of the gross receipts tax to rebuild neglected areas. These guidelines set out step‑by‑step application forms, how projects will be judged, and what reports must be filed. The goal is to give cities a clea
Germany has drafted new rules that will expand the list of places companies must consider when reporting taxes under the global minimum tax framework. The draft, released by the finance ministry, says that firms will need to check whether a country has a qualified domestic minimum top‑up tax.
The town’s Select Board and Finance Committee met to decide how much money would go toward new projects. They looked at the town’s total budget of $34. 66 million, which is about $1. 83 million less than last year’s amount. A big part of that money, 57 percent or $16. 47 million, is for the lo
Meta Platforms, the social‑media giant, unveiled its latest AI system, Muse Spark, earlier than planned. The surprise debut came just before the company’s earnings report on April 29 and followed a race with rivals like OpenAI, Anthropic and Google. Investors reacted strongly: the share price rose r
South Korea now forces all crypto platforms to pause withdrawals the same way. The government stepped in after scammers kept tricking people into speedy transfers. Before, each exchange set its own quick-withdrawal loopholes, giving criminals a playbook to exploit. Now the system locks changes in pl
Many business leaders know digital money is coming, and fast. A global survey showed that nearly all company bosses and investors expect online banking and tokenized assets to speed up over the next five years. Yet, most admit they haven’t figured out how to use these tools in their own companies. O
A London-based company just launched an AI trading tool that promises to make stock trading easier for everyone. Called AccuQuant, this system uses a powerful AI engine to buy and sell assets automatically. The company claims its Predictive-Neural 4. 0 engine can spot trading chances faster than hum
