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AI chip startup Ricursive hits $4B valuation two months after launch – TechCrunch
Ricursive Intelligence, a startup building an AI system to design and automatically improve AI chips, has raised $300 million at a $4 billion valuation. The company said Monday the round was led by Lightspeed. Ricursive says the system will be able to create its own silicon substrate layer and speed up AI chip improvements. Rinse…
Jim Beam pauses production at main distillery as bourbon inventories rise – CNN
Popular Kentucky bourbon maker Jim Beam plans to pause production at its main distillery on January 1, according to the James B. Beam Distilling Co. The decision comes as Kentucky faces an increasing supply of aging barrels and uncertainty over President Donald Trump’s trade wars. Kentucky has an all-time high of 16.1 million aging barrels…
Powerball winning numbers for Saturday, Dec. 27; $21.1 million jackpot – USA Today
Dec. 27, 2025Updated Dec. 28, 2025, 12:33 p.m. ET The Powerball jackpot for Saturday’s drawing was $21.1 million with a $9.2 million cash value after a ticket sold in Arkansas won $1.8 billion on Christmas Eve – one of the richest lottery prizes in U.S. history. The lucky ticket holder who won the second-highest Powerball jackpot in…
Michael Burry’s big play off the U.S.-Venezuela situation, which the investor has held for years – CNBC
In this article VLO Follow your favorite stocksCREATE FREE ACCOUNT Michael Burry attends the premiere of “The Big Short” at Ziegfeld Theatre on Nov. 23, 2015 in New York. Dimitrios Kambouris | Getty Images Michael Burry’s quiet bet on Venezuelan oil is coming back into focus. The investor best known for “The Big Short” said…
OpenAI goes from stock market savior to burden as AI risks mount – Fortune
Wall Street’s sentiment toward companies associated with artificial intelligence is shifting, and it’s all about two companies: OpenAI is down, and Alphabet Inc. is up. The maker of ChatGPT is no longer seen as being on the cutting edge of AI technology and is facing questions about its lack of profitability and the need to…
PayPal applies for US banking licence – Financial Times
PayPal has extended more than $30bn in loans and capital to more than 420,000 business customers globally since 2013 © Dado Ruvic/Reuters PayPal has applied to become a bank in the US, the latest fintech seeking to capitalise on the Trump administration’s more permissive approach to financial industry oversight. The payments company on Monday said…
