Jeff Tomich / Policy: Voters in Festus, Mo., ousted all four incumbent council members up for re-election last week, days…
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- Filing: Jensen Huang’s foundation purchased $108.3 million worth of AI computing time from CoreWeave and is donating it to universities and other nonprofit institutes (Max A. Cherney/Reuters)
- Sources: Apollo Global, Morgan Stanley and others are testing Grok internally as part of xAI’s financial sector push, but financiers rarely use it for their work (Carmen Arroyo/Bloomberg)
- Cisco reports third-quarter revenue up 12% year-over-year to $15.84 billion, compared to an estimated $15.56 billion, forecasts fourth-quarter revenue above estimates and cuts nearly 4,000 jobs; CSCO jumps more than 17% after hours (Jordan Novet/CNBC)
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- Musk vs. Altman: Microsoft Executive Michael Wetter Testifies Microsoft Spent More Than $100 Billion on OpenAI Partnership, Including Initial Investments (Bloomberg)
- The FTC says Shutterstock will pay $35 million to settle charges that Shutterstock misled consumers about its subscription plans and made it too difficult to cancel (Jonathan Stempel/Reuters)