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E-commerce
Best Buy is opening its doors to third-party sellers as part of a major effort to diversify its offerings and regain sales momentum. Starting Tuesday, shoppers visiting Best Buy’s website and mobile app will see an expanded assortment of merchandise—including products the retailer hasn’t traditionally carried. The
Energy
Alphabet’s Google and nuclear startup Kairos Power will deploy an advanced nuclear power plant tied to the Tennessee Valley Authority’s (TVA) electric grid by 2030, the companies announced Monday. The project marks the first U.S. power purchase agreement for electricity generated by an advanced reactor. TVA has
Artificial Intelligence (AI)
Cohere, the Toronto-based large language model (LLM) startup, announced Thursday that it has secured an oversubscribed $500 million funding round, pushing its valuation to $6.8 billion — up from $5.5 billion just over a year ago when it last raised the same amount. Founded in 2019 by Aidan Gomez
Cloud Computing
Oracle and Alphabet’s Google announced Thursday that their cloud computing divisions have formed a strategic partnership to integrate Google’s Gemini artificial intelligence models into Oracle’s cloud services and enterprise applications. The agreement will allow developers using Oracle Cloud to access Gemini’s capabilities for generating text, video,
Retail
Gildan Activewear has agreed to acquire U.S. undergarment maker Hanesbrands in a cash-and-stock deal valued at $2.2 billion, the companies announced Wednesday. The Canadian apparel manufacturer will pay roughly $6 per Hanesbrands share, a 24% premium to Monday’s closing price, in a move aimed at strengthening its
Manufacturing
GE Appliances, owned by China’s Haier Group, announced Wednesday that it will invest more than $3 billion over the next five years in its U.S. operations and workforce, a move aimed at bolstering domestic manufacturing following tariff policies introduced under the Trump administration. The investment will generate 1,
Pharmaceutical
AbbVie has announced plans to invest $195 million in its manufacturing facility in North Chicago, Illinois, to enhance the production of active pharmaceutical ingredients (API) within the United States. The move is part of AbbVie’s broader strategy to strengthen domestic manufacturing capabilities, following its earlier pledge to invest more
Manufacturing
The mystery buyer behind Foxconn’s recent sale of its Lordstown, Ohio factory has been revealed — and it’s not another automaker. According to Bloomberg News, Japanese tech investment giant SoftBank has acquired the facility, with plans to convert it into a hub for building AI servers as part of
Artificial Intelligence (AI)
Meta has purchased AI voice startup WaveForms for an undisclosed amount, according to The Information, marking the social media giant’s latest push to expand its new AI-focused division, Superintelligence Labs. The deal comes just weeks after Meta’s acquisition of PlayAI, making it the company’s second major AI
Finance
Google announced Friday that its financial information and news platform, Google Finance, is receiving a significant AI-powered overhaul. The update introduces the ability to research complex financial questions using artificial intelligence, along with enhanced charting capabilities, real-time market data, and a live news feed. With the new AI features, users
Government
Amazon Web Services (AWS) has agreed to provide U.S. federal agencies with up to $1 billion in discounts for cloud adoption, modernization, and training through 2028, the General Services Administration (GSA) announced Thursday. The deal is aimed at accelerating the federal government’s migration to cloud infrastructure and expanding
Artificial Intelligence (AI)
OpenAI’s GPT-5 officially launched today, and Microsoft is rolling it out across its major AI-powered products, marking one of the largest simultaneous integrations of the model to date. The next-generation AI will now power Copilot, Microsoft 365 Copilot, GitHub Copilot, Azure AI Foundry, and more. The move brings GPT-5