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ON Semiconductor stock tanks 20% following Synaptics deal

ON Semiconductor CEO Hassane El-Khoury defended the company’s core business as shares tanked 20% after announcing its largest acquisition to capitalize on physical artificial intelligence. The maker of power and sensing components for the automotive industry on Thursday announced plans to buy edge AI and wireless connectivity solutions company Synaptics in an all-stock deal. The...
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Billionaire investor Jeremy Grantham says bitcoin will ‘dwindle away with a whimper’

Jeremy Grantham renewed his long-running criticism of bitcoin, predicting it will gradually fade into irrelevance over decades. The co-founder of investment firm GMO and a longtime market commentator known for his calls on asset bubbles, said bitcoin is a “useless, speculative” asset without intrinsic value, speaking on CNBC’s “Squawk Box” Friday. He also said bitcoin...
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AI is changing financial regulation as watchdogs build tools to fight cyber threats

Recent AI models capable of identifying software vulnerabilities have heightened concerns over cyberattacks, operational risks and national security, prompting financial watchdogs to accelerate the adoption of supervisory technology. Financial regulators are racing to adopt artificial intelligence (AI) to keep pace with rapidly evolving cyber threats, with watchdogs increasingly developing their own AI-powered supervisory tools to...
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Volvo’s big message from Sweden! CV future isn’t one-size-fits-all

Over the last decade, electrification has become the dominant conversation in the passenger vehicle space. However, when it comes to commercial vehicles, the transition is far more complex. Factors such as payload requirements, charging infrastructure, route patterns and vehicle uptime mean that a single solution cannot address every transport need.Volvo Trucks believes exactly that. During...
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