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Nvidia and Elon Musk's xAI have joined forces with a consortium backed by Microsoft and BlackRock to accelerate the development of robust AI infrastructure in the United States, aiming to invest up to $100 billion in AI-related projects. This collaboration comes amid a global race for AI dominance, with major players like Nvidia and xAI making significant investments in building the foundation for the future of AI.

Fast-fashion retailer Forever 21 has filed for Chapter 11 bankruptcy protection for the second time in six years, citing declining mall traffic and increased online competition. The company plans to conduct liquidation sales across its US stores while undergoing a court-supervised sale and marketing process for its assets.

Meta AI, the long-awaited AI-powered virtual assistant from Meta, has finally launched across Europe, but with limited functionality due to compliance with the European Union's stringent data protection laws. Despite these restrictions, Meta remains committed to expanding its AI capabilities in the region and aims to bring parity with the US over time.

Samir Arora, founder of Helios Capital, believes President Trump's policies are a "much-needed course correction" to address America's financial vulnerabilities and prevent a potential economic crisis, as outlined in the book "Empire of Debt." Arora acknowledges that these policies may cause short-term discomfort but emphasizes their importance for long-term financial stability.

The Delhi Court has denied interim bail to Chief Minister Arvind Kejriwal in the excise policy case, extending his judicial custody until June 19. The court also directed authorities to conduct required medical tests for Kejriwal, who is currently lodged in Tihar jail in connection with a money-laundering case linked to the now-scrapped Delhi excise policy.