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News Powered By AI
Nvidia’s Jensen Huang launched a $500 billion financing plan for AI infrastructure with six major asset managers, but faces risks if Chinese chip production erodes GPU collateral values through market competition.
A UK analysis suggests repeated heatwaves earlier this year cost the economy £4.4bn in lost output through July, with further temperature spikes continuing this week.
Prime Minister Andy Burnham acknowledged his cost-of-living measures are insufficient alone, hinting at further support through public control of essential services and rail fare reforms.
The UK government has delayed decisions on regulating e-scooters for six years since trials began, while privately owned devices remain illegal yet widespread, raising safety and enforcement concerns.
Restaurant Brands International beat earnings expectations in the second quarter, driven by Burger King’s strong U.S. performance with 8.5% same-store sales growth, though other company brands struggled.
Warner Bros. Discovery reported a 10% increase in streaming revenue to over $3 billion in the second quarter, driven by HBO Max growth amid its proposed merger with Paramount Skydance.
