Business

America’s broken construction industry is a big problem for Trump

The Empire State Building, finished in 1931, was erected in just 410 days. That same year construction began on the Hoover Dam. It was meant to take seven years, but was built...

Can a $9bn deal sustain CoreWeave’s stunning growth?

Even by the mind-boggling standards of the artificial-intelligence (AI) boom, the growth of CoreWeave is striking. Two years ago the so-called neocloud, which rents out access to AI computing power, was a...

Silicon Valley is racing to build the first $1trn unicorn

Two years ago, when Nvidia first joined the club of trillion-dollar firms, plenty of investors worried that its shares were beginning to look pricey. Yet those who happened to buy a slice...

Pity France’s cognac-makers

Cognac producers had at least one thing to toast this week. After a months-long dumping investigation into European brandy, the Chinese government announced that 34 producers—including the three biggest, LVMH, Pernod Ricard...

Elon Musk Unveils Grok 4 Amid Controversy Over Chatbot’s Antisemitic Posts

Elon Musk on Thursday unveiled Grok 4, the latest AI model from xAI, his multibillion-dollar initiative to rival OpenAI and Google. Without citing detailed evidence, Musk claimed that the model aces standardized...

Linda Yaccarino goes from X CEO to ex-CEO

When a company accidentally lavishes praise on Adolf Hitler, it may not be surprising that its chief executive promptly decides to step down. Yet in a testament to the turbulence of Linda...

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