boom

Uber is preparing for a robotaxi surge, and its CEO says one market will drive it.Dara Khosrowshahi said in an interview with Bloomberg Television published Friday that robotaxis are a “trillion-dollar-plus” opportunity and Asia is a huge growth market for the ride-hailing giant.”I expect to be in 10-plus markets by…

For the last century, Caterpillar’s calling card has been its trademark macaroni-yellow backhoes and bulldozers. Increasingly, customers are interested in something else: the generators powering the artificial intelligence boom.At hundreds of data center construction sites across the US, Caterpillar — alongside Cummins, Generac, and Rolls-Royce — supplies dozens of these…

Michael Burry of “The Big Short” fame has pivoted from investing to writing, launching a paywalled Substack called “Cassandra Unchained.”The blog is now Burry’s “sole focus” and promises a “front row seat to his analytical efforts and projections for stocks, markets, and bubbles, often with an eye to history and…

The biggest companies in the world are spending billions and billions on AI — specifically on “large language models” like the kind that power the likes of ChatGPT, Google’s Gemini, and Meta’s Llama.That’s a mistake, says the man who, until recently, headed Meta’s AI push.”LLMs are great, they’re useful, we…

This as-told-to essay is based on a conversation with Patrick Montgomery, a former Army Ranger and the founder of KC Cattle Company, an American wagyu farm. It has been edited for length and clarity.I thought I’d spend my whole life in Special Operations as part of the First Ranger Battalion…

The AI boom is far more robust than the dot-com bubble, but there’s still a risk it disappoints investors and sends shockwaves through markets and the economy, Liz Ann Sonders says.Charles Schwab’s chief investment strategist told Business Insider that “extreme enthusiasm” about innovation and circular deals between tech companies reminded…

Redwood Materials, the battery recycling startup run by Tesla cofounder JB Straubel, just raised $350 million in a funding round that pushes its valuation past $6 billion.The deal, led by Eclipse with participation from Nvidia’s venture capital arm NVentures, supports Redwood’s surprising new role powering the generative AI boom.At first…