Bitcoin tumbled to a seven-month low on Friday, sinking into the $80,000 range as a broader crypto sell-off erased roughly $1 trillion of market value […]
Author: Rho
Musk’s xAI Eyes $15 Billion Raise at $230 Billion Valuation
Elon Musk’s artificial intelligence startup, xAI, is in advanced talks to raise $15 billion at a valuation of roughly $230 billion, according to a report […]
IBM to Cut Jobs as Focus Shifts to AI and Cloud
IBM will lay off a “low single-digit percentage” of its global workforce, the company confirmed this week, as part of a wider effort to streamline […]
Wall Street’s Bonus Boom Returns Amid Global Strain
Wall Street Bonuses Rise Again but the Good Times Hide Deeper Shifts By Rho | THE Nth AUTHORITY Wall Street traders and investment bankers are […]
What Zohran Mamdani’s Mayoral Win Means for Business, Real Estate, and the Future of New York
The election of Zohran Mamdani as mayor-elect of New York City is more than a political shift – it carries implications for how business operates, […]
OpenAI Breaks from Microsoft, Signs $38 Billion Cloud Deal with Amazon
In a move that reshapes the balance of power across the artificial intelligence industry, OpenAI has signed a $38 billion, seven-year agreement with Amazon Web […]