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Biden administration loans $6.6B to struggling Tesla rival Rivian

Shares of the struggling electric car maker that competes with Tesla have soared this week after the lame-duck Biden administration loaned the company billions of dollars. The Department of Energy announced Tuesday that it will provide Rivian with a $6.6 billion loan to build a $5 billion electric vehicle factory in Georgia that the company […]

UniCredit offers to buy rival Italian lender Banco BPM for $10.5 billion – CNBC

UniCredit SpA headquarters logo on Saturday, January 22, 2022 in Milan, Italy. Bloomberg | Getty Images Italian lender UniCredit offered on Monday to buy a domestic rival. Banco BPM The company insists it is separate from its pursuit of the German bank, which it said was acquired for about 10 billion euros ($10.5 billion). Commerzbank. […]

DirecTV calls off acquisition of satellite TV rival Dish

Satellite TV giant DirecTV has terminated its contract with Charlie Ergen's Echostar and acquired rival Dish TV and other assets. The partnership was supposed to create the country's largest pay-TV distribution company with a total of 20 million subscribers. As part of the deal, DirecTV was to pay Echostar $1 for its pay-TV business, called […]

Amazon invests additional $4B in OpenAI rival Anthropic

Anthropic announced Friday that longtime backer Amazon has poured an additional $4 billion into the artificial intelligence startup, doubling its investment in the company known for its GenAI chatbot Claude. Amazon will remain a minority investor and will be a key training partner for Anthropic's AI models, the company said. Amazon, Anthropic's primary cloud partner, […]

Amazon invests $4B in OpenAI’s biggest rival

Horizon Investments CIO Scott Ladner analyzes biotech stocks and drug development in The Claman Countdown. Anthropic announced Friday that it has received a $4 billion investment from Amazon to accelerate its artificial intelligence (AI) systems development efforts. The new funding brings Amazon's total investment in Anthropic to $8 billion and maintains the tech giant's status […]

Jake Paul rival warns Mike Tyson is like ‘lambs to the slaughter’

YouTuber and fellow boxer KSI predicts a carnage will occur on Friday night. KSI posted on X, “Jake Paul will knock out Mike Tyson.” Boxing is a youth sport, and Mike is 58 years old. They're sending lambs to the slaughterhouse, and it's terrible. ” Mike Tyson, 58, is scheduled to fight Jake Paul on […]

X rival Bluesky gains 1.25M users in week after Donald Trump win

Bluesky, a social media microblogging app reminiscent of rivals X and Threads, welcomed 1.25 million new users to its platform in the week after the US election. Some new users switched to Bluesky to boycott X over billionaire owner Elon Musk's loyalty to President-elect Donald Trump, according to a post on the app. “It's scary […]