iRobot, the maker of Roomba robotic vacuum cleaners, faces an uncertain future after its planned acquisition by Amazon fell through and its stock price plummeted. The company is exploring strategic alternatives, including a potential sale, as it works to turn things around with new product launches.
The US stock market closed higher on Tuesday, the first full day of Donald Trump's second presidency, as investors reacted positively to his executive orders on trade and other policies. However, analysts warn that the market may be volatile as investors react to Trump's policy decisions in the coming days and weeks.
Chinese President Xi Jinping met with global executives on Friday, seeking to bolster foreign investment amidst the escalating trade war with the US. Xi reassured investors about China's economic prospects and encouraged them to expand their investments, emphasizing the country's commitment to providing a favorable environment for foreign businesses.
Law firms Jenner & Block and WilmerHale have filed lawsuits against President Trump's executive orders, arguing that the orders are unconstitutional and politically motivated attacks on their businesses. These lawsuits represent a growing pushback from the legal industry against Trump's actions, which have been widely condemned as a dangerous attack on the rule of law.
Nvidia's new AI chip platform, Blackwell Ultra, promises to revolutionize AI by enabling reasoning and action beyond chatbots, opening doors for intelligent assistants that can handle complex tasks and provide tailored responses. This advancement comes amidst a surge in demand for AI chips, with Blackwell Ultra poised to play a key role in shaping the future of intelligent machines.