The potential deal would convert the CHIPS ACT grants into equity, but wouldn't come with governance rights in Intel, Lutnick said.
Treasury Secretary Scott Bessent told CNBC on Tuesday that India is "profiteering" off of Russia's invasion of Ukraine
Nvidia last week struck a deal with the U.S. government to resume selling products in China, in exchange for giving it a 15% cut of the sales.
Unable to make big AI purchases because of regulatory hurdles, tech giants have spent billions to buy top talent from startups, leaving behind shell companies.
Monday's talks saw Trump say security guarantees for Ukraine would be "provided" by European countries with "coordination with the U.S."
OpenAI has launched a subscription plan for users in India, priced at just 399 rupees ($4.57) per month, its most affordable offering yet.
In the real world, bubbles delight because they reflect their surroundings. But the bubble Altman described may not show the face of its observer.
The Trump administration is reportedly discussing a deal to take a 10% stake in Intel, which could potentially leverage Chips Act funding as part of the equity.
Clubs in the biggest European soccer leagues made over $20 billion in revenue in the 2023-24 season, and the higher valuations are attracting U.S. investment.
Tourists are pivoting away from Europe's traditional summer hotspots amid concerns over blistering heat and raging wildfires.
Gen Z are "resisting this digital age because it has become very cluttered and unreliable...they're yearning to connect in person," one workplace expert said.
European stocks are expected to open broadly higher on Tuesday as global markets reacted positively to the latest U.S.-Ukraine talks.
In the real world, bubbles delight because they reflect their surroundings. But the bubble Altman described could be one doesn't show the face of its observer.
Tech's biggest names all raised capital expenditure guidance to keep pace with AI demand, with Microsoft, Amazon, Alphabet and Meta all set to spend big.
Investors are also looking ahead to the U.S. Federal Reserve Chair Jerome Powell's annual speech at the central bank's summit in Jackson Hole, Wyoming.
SoftBank will pay $23 per share for Intel's common stock.
A big shift is happening in India's creator economy: More social media stars are leveraging their online followings to build businesses.
Palo Alto Networks surpassed Wall Street's fiscal fourth-quarter estimates and issued upbeat guidance.
Elon Musk's aerospace and defense contractor also successfully launched a fresh group of satellites to bolster its Starlink network.
Humanoid robot athletes competed in dance battles, martial arts, track and field and soccer.
Despite escalating U.S. export controls on semiconductors, Altman is unconvinced that the policy is keeping up with technical reality.
Patients can pay $499 in cash per month for three dose sizes of Ozempic through the company's direct-to-consumer pharmacy and GoodRx, among other platforms.