Tesla’s $1B Bet, Nvidia Faces China Probe, TikTok Deal Nears, and Oracle’s AI Boom
It’s a busy week across tech, markets, and policy. Tesla jumped after Musk bought $1 billion worth of shares, while Nvidia faces new regulatory pressure from China over its Mellanox acquisition. Treasury Secretary Scott Bessent says the U.S. and China are close to a deal on TikTok, and Swatch mocked Trump’s tariffs with a limited-edition protest watch. Oracle soared more than 25% on AI spending tied to OpenAI, Gemini went public in a strong IPO, and Musk’s xAI cut 500 jobs in a major shift. Meanwhile, Penske Media is suing Google over its AI overviews, a case that could reshape how news is distributed online.
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