A co-founder of Super Micro Computer Inc. was charged in New York with an alleged conspiracy to illegally divert billions of dollars in artificial intelligence technology to China.

Nvidia Corp. Chief Executive Officer Jensen Huang said tech leaders need to be careful not to scare people about artificial intelligence, in response to a question about how Anthropic PBC could have better handled messy contract negotiations with the Pentagon.

Gemini Space Station Inc.’s workforce reduction has reached roughly 30% since the start of the year following layoffs, with the crypto exchange saying Thursday it is deploying artificial intelligence tools to increase productivity. The firm lost more than $500 million last year.

Kalshi Inc. has raised more than $1 billion at a valuation of $22 billion in a new financing round, according to a person familiar with the situation.

Bloomberg’s Caroline Hyde discusses Micron earnings as the memory maker plans heavy spending on production to meet demand. Plus, Alibaba says it's aiming to generate $100 billion in cloud and AI revenue within the next five years, even as earnings come under pressure. And, Uber is set to invest up to $1.25 billion in Rivian's robotaxi fleet in the ride-hail company’s latest deal. (Source: Bloomberg)

Israel said it will no longer target energy infrastructure after an attack on an Iranian gas field sparked retaliatory strikes against energy assets across the Middle East, causing oil and gas prices to surge and prompting a rebuke from President Donald Trump.

Asian equities were poised for a steady open after US stocks rebounded from session lows and oil retreated amid efforts by the US and Israel to calm concerns over the Iran war.

Gold headed for the biggest weekly loss in six years, as war in the Middle East boosted energy and reduced expectations for rate cuts.

Oil declined, as the leaders of the US and Israel sought to reassure investors rattled by damage to major Persian Gulf energy facilities.

As Maxence Visseau spent the first few days of the Iran war trying to make sense of what the conflict would mean for markets, he put artificial intelligence at the heart of his investment process.