BizToc
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One-stop Business News https://biztoc.com Created by @thm.bsky.social 🇦🇹 ✕ Backed by @mcuban.bsky.social 🇺🇸
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BizToc @biztoc.com · Jun 19
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BizToc
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ARM & META FORM STRATEGIC PARTNERSHIP TO SCALE POWER-EFFICIENT AI — Arm and Meta deepened a strategic partnership to combine Arm’s leadership in power-efficient compute with Meta’s infrastructure, AI products and open technologies. The collaboration targets optimizing AI performance and…
ARM & META FORM STRATEGIC PARTNERSHIP TO SCALE POWER-EFFICIENT AI
newsroom.arm.com
biztoc.com
Erebor Granted Conditional Federal Charter, Second Crypto Bank to Win U.S. Nod — Erebor became the first crypto bank to receive a conditional federal charter under the current administration and only the second ever after Anchorage. The decision reshapes the U.S. regulatory landscape for…
Erebor Granted Conditional Federal Charter, Second Crypto Bank to Win U.S. Nod
decrypt.co
biztoc.com
BlackRock–Nvidia Consortium to Acquire Aligned Data Centers in $40B Deal — BlackRock and an Nvidia-backed investment group agreed to acquire Dallas‑Fort Worth‑based Aligned Data Centers in a transaction valued at $40 billion, one of the largest data center deals this year. The deal…
BlackRock–Nvidia Consortium to Acquire Aligned Data Centers in $40B Deal
www.dallasnews.com
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BLACKROCK AI CONSORTIUM TO BUY ALIGNED DATA CENTERS FOR $20B — A BlackRock‑led consortium plans to acquire data centers optimized for AI workloads in a deal valued at about $20 billion. The move would rapidly expand capacity for large‑scale model training and signal further consolidation…
BLACKROCK AI CONSORTIUM TO BUY ALIGNED DATA CENTERS FOR $20B
www.wsj.com
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Billionaires Urge Trump to Deploy Troops to San Francisco; Legal Barriers Loom — Marc Benioff and Elon Musk have publicly called on President Trump to send federal forces to San Francisco to combat rising crime, prompting debate over federal intervention. Legal experts and precedents…
Billionaires Urge Trump to Deploy Troops to San Francisco; Legal Barriers Loom
www.sfchronicle.com
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F5 Cyber Breach Tied to China; Hackers Infiltrated Network for 12+ Months — Sources say US-based cybersecurity firm F5 suffered a potentially catastrophic breach traced to Chinese state-linked hackers who had access to its network for at least a year. The intrusion raises concerns about…
F5 Cyber Breach Tied to China; Hackers Infiltrated Network for 12+ Months
www.bloomberg.com
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YouTube Global Outage Disrupts Millions — YouTube experienced a widespread outage early this morning that left millions unable to access the world’s largest video platform. Users surged to other social networks to report errors, disrupting creators, advertisers and businesses that rely…
YouTube Global Outage Disrupts Millions
cordcuttersnews.com
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Walmart Teams With OpenAI to Let Shoppers Buy Through ChatGPT — Walmart is partnering with OpenAI to enable purchases via ChatGPT, integrating generative AI into the shopping experience. The move expands AI-driven checkout and customer service capabilities, with potential implications…
Walmart Teams With OpenAI to Let Shoppers Buy Through ChatGPT
www.barrons.com
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Trump Says He Authorized CIA Covert Operations in Venezuela — President Trump publicly confirmed he authorized CIA covert actions in Venezuela, including potential operations against drug cartels. The admission spotlights an aggressive U.S. posture toward the Maduro regime and raises…
Trump Says He Authorized CIA Covert Operations in Venezuela
www.axios.com
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Pakistan, Afghanistan Agree 48-Hour Ceasefire After Deadly Clashes — Pakistan and Afghanistan agreed to a 48-hour ceasefire following days of deadly border clashes, easing immediate tensions and allowing for casualty recovery and talks. The pause comes amid international calls for…
Pakistan, Afghanistan Agree 48-Hour Ceasefire After Deadly Clashes
www.pbs.org
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BofA, BNY Sued Over Alleged Financial Ties to Jeffrey Epstein — A new lawsuit accuses Bank of America and BNY Mellon of maintaining financial relationships with convicted sex trafficker Jeffrey Epstein and profiting from those dealings. The legal action could expose the banks to…
BofA, BNY Sued Over Alleged Financial Ties to Jeffrey Epstein
www.ft.com
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OPENAI RELAXES CHATGPT RULES TO ALLOW ADULT EROTICA — OpenAI CEO Sam Altman said the company will "safely relax the restrictions" on sexual content in ChatGPT after engineers built new safeguards. The policy change reverses prior assurances and has prompted immediate backlash from…
OPENAI RELAXES CHATGPT RULES TO ALLOW ADULT EROTICA
nypost.com
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TRUMP WARNS ISRAEL COULD RESUME GAZA STRIKES IF HAMAS BREAKS HOSTAGE DEAL — President Trump said Israel could resume military strikes in Gaza if Hamas fails to uphold a hostage-ceasefire arrangement, underscoring U.S. support for Israeli restraint tied to compliance. Two bodies of…
TRUMP WARNS ISRAEL COULD RESUME GAZA STRIKES IF HAMAS BREAKS HOSTAGE DEAL
www.newsweek.com
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FED JUDGE HALTS TRUMP ADMIN FEDERAL WORKER LAYOFFS DURING SHUTDOWN — A federal judge has temporarily blocked the Trump administration’s planned layoffs of federal workers amid the ongoing government shutdown. The order pauses the planned firings and injects legal uncertainty into the…
FED JUDGE HALTS TRUMP ADMIN FEDERAL WORKER LAYOFFS DURING SHUTDOWN
www.investing.com
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Anthropic Holds Early Funding Talks With Abu Dhabi’s MGX — Sources say Anthropic held early funding discussions this month with Abu Dhabi-based MGX as it explores new capital options. The talks come amid a push by the AI startup to scale its business and raise significant growth…
Anthropic Holds Early Funding Talks With Abu Dhabi’s MGX
www.bloomberg.com
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US SHUTDOWN STARTS TO BITE — PAYROLLS, SUPPLY CHAINS FEEL EARLY STRAIN — The partial federal government shutdown is beginning to hit workers and businesses as employees miss paychecks and government services slow. Economists warn those missed payments and service disruptions are starting…
US SHUTDOWN STARTS TO BITE — PAYROLLS, SUPPLY CHAINS FEEL EARLY STRAIN
www.bbc.com
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Waymo to Launch Robotaxi Pilot in London — Waymo plans to deploy autonomous robotaxis in London as the UK prepares to begin pilot programs for self-driving services. The move pits Waymo against traditional black cabs and marks a major step in scaling robotaxi operations…
Waymo to Launch Robotaxi Pilot in London
www.theverge.com
biztoc.com
BlackRock-Nvidia Consortium Strikes $40B Deal for AI Data Centers — A consortium backed by BlackRock and Nvidia has agreed to acquire AI-focused data center assets in a deal valued at about $40 billion, underscoring intense investor demand for compute infrastructure. The transaction…
BlackRock-Nvidia Consortium Strikes $40B Deal for AI Data Centers
www.reuters.com
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TREASURY: Fed Chair Search Narrowed to Five Finalists — Treasury Secretary Scott Bessent said the selection process for the next Federal Reserve chair has been narrowed to five candidates, marking a key step in filling a pivotal policy role. The announcement could sharpen market focus on…
TREASURY: Fed Chair Search Narrowed to Five Finalists
breakingthenews.net
biztoc.com
JACK SMITH DEFENDS TRUMP INVESTIGATIONS AS CALL TO TESTIFY LOOMS — Former special counsel Jack Smith defended his handling of two high‑profile criminal cases involving Donald Trump, which were later dropped after the president’s reelection. He now faces calls to testify, elevating…
JACK SMITH DEFENDS TRUMP INVESTIGATIONS AS CALL TO TESTIFY LOOMS
www.newsweek.com
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EU Fines Gucci, Chloé, Loewe €157M for Price-Fixing — The European Commission slapped a €157 million fine on luxury brands Gucci, Chloé and Loewe for fixing resale prices across the EU. The ruling marks a move by regulators to clamp down on resale-price maintenance in the luxury fashion…
EU Fines Gucci, Chloé, Loewe €157M for Price-Fixing
www.ft.com
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NASDAQ FUTURES -1.3% PREMARKET AS CHINA LAUNCHES SHIPPING SANCTIONS — Nasdaq futures slipped 1.3% premarket after Beijing announced new shipping sanctions targeting U.S. subsidiaries of a major South Korean shipbuilder, rattling fragile investor calm. The move raised concerns about…
NASDAQ FUTURES -1.3% PREMARKET AS CHINA LAUNCHES SHIPPING SANCTIONS
fortune.com
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SOFTBANK TO BUY ABB ROBOTICS UNIT FOR $5.4B; EUROPE FACES INDUSTRIAL ASSET LOSS — SoftBank agreed to acquire ABB’s robotics unit for $5.4 billion, marking a major cross-border deal in industrial automation. The transaction is being framed as another setback for Europe as it struggles to…
SOFTBANK TO BUY ABB ROBOTICS UNIT FOR $5.4B; EUROPE FACES INDUSTRIAL ASSET LOSS
www.bloomberg.com
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Hamas Reasserts Control in Gaza, Threatening Fragile Ceasefire — Hamas has reasserted control across parts of Gaza after recent fighting, destabilizing a fragile ceasefire and complicating humanitarian access. The shift raises the risk of renewed hostilities and undermines international…
Hamas Reasserts Control in Gaza, Threatening Fragile Ceasefire
apnews.com
biztoc.com
ASML Q3 Bookings €5.4B, Beat Estimates as AI Demand Surges — ASML reported €5.4 billion ($6.3 billion) in bookings for the third quarter, topping analyst expectations. The company said demand linked to AI investment helped lift orders, underscoring strength in its business…
ASML Q3 Bookings €5.4B, Beat Estimates as AI Demand Surges
www.youtube.com