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Darpa-Backed Startup Seeks $70 Million to Join AI Chip Goldrush

A Silicon Valley startup backed by the US Defense Advanced Research Projects Agency is seeking at least $70 million more from investors in its quest to to develop an ultra-efficient chip for artificial intelligence technology, according to documents reviewed by Bloomberg.

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Options Traders Pile Into Big Short on India Volatility

In a market that’s captured the attention of global finance for allegedly making $1 billion for Jane Street Group, many trading firms are employing a relatively simple strategy: short volatility.

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Coinbase’s Supreme Court Loss Is Its Own Fault

To hear the words “Coinbase” and “Supreme Court” in the same breath likely inspires thoughts of the justices jousting over cryptocurrency. But this week’s decision in Coinbase v. Suski is a reminder that even in our clever new era, old principles of contract law often hold sway.

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Nvidia Clears the Way for AI Stocks to Keep Powering Higher

Nvidia Corp. just gave the green light to traders betting that the rally in artificial intelligence computing stocks — not to mention its own — has room to run.

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Nvidia Stock Surges as Sales Forecast Delivers on AI Hopes

Nvidia Corp., the chipmaker at the center of an artificial intelligence boom, jumped in premarket trading after a bullish sales forecast showed that AI computing spending remains strong.

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Fed’s Inflation Debate Shifts to How Much Goods Prices Can Drop

As Federal Reserve officials stare down the last mile in their campaign against inflation, one key question is becoming increasingly central to the debate: Will goods prices continue to fall?

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JPMorgan Hunts for Private Credit Firm to Grow in Hot Sector

JPMorgan Chase & Co. is on the hunt to buy a private credit firm to augment its $3.6 trillion asset management arm, as the biggest US bank makes more inroads into Wall Street’s buzziest sector.

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The Rise of the Disposable Car

Modern cars are equipped with heaps of electronic devices, many of which are designed to reduce the frequency and severity of accidents. But there’s a catch: The high cost of repairing these systems may mean the vehicle is written-off, or totaled, following a crash.

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The New Dream Job Is Working for … the Government?

One of the best parts of being a young college graduate, and naïve to the grim realities of the working world, is being deluded about how great your career will be. Maybe you’ll found the next Nvidia, or win the Nobel Prize in your field, or start a charity that will make the world a better place.

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Dollarization or Not, Argentina’s Future Will Be Expensive

The good news is that President Javier Milei seems to be backing away from plans to dollarize the Argentine economy. That is also the bad news.

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Hey Target, Walmart Is Coming for You

What happens when the world’s biggest retailer decides it wants what’s yours? Target is about to find out.

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Biden Doubles Down on His Student-Loans Mistake

With his signature student-loan-forgiveness plan struck down by the Supreme Court, President Joe Biden is pushing to cancel debts by other means. His latest proposal aims to relieve nearly 30 million borrowers, on top of those who’ve received forgiveness under previous initiatives.

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Private Equity Is Bad for Your Health

The bankruptcy of Steward Health has become the latest cautionary tale about private equity’s involvement in health care. Cerberus Capital Management’s purchase in 2010 of several Massachusetts-based nonprofit hospitals was meant to be a life preserver for the struggling chain, but instead its woes deepened, compromising patient care.

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Colleges Ramp Up Debt Sales in Frenzied Race for New Students

US university students are up to their ears in debt. And, increasingly, so are many US colleges.

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The Fed’s Uniformity on Rates Comes With Risks

Whether traditionally thought of as “hawks” or “doves,” Federal Reserve officials have recently converged to notable uniformity in their policy signaling of high interest rates for longer. This has come at a time when more Wall Street analysts are embracing a wider band of uncertainty for their projections of economic growth and inflation.