For decades researchers have tried to get programs to write programs. Microsoft and OpenAI are drawing on vast cloud computing power and extensive source code.
U.S. chip giant Broadcom has come out in support of Nvidia's $40 billion acquisition of U.K. chip designer Arm after other firms raised concerns about the deal.
"The reason that we picked a SPAC is because it's a transaction as opposed to a process" like an IPO, co-founder and CEO Peter Weinberg told CNBC on Monday.
Shares of Electric Last Mile began trading Monday on the Nasdaq, adding to a growing list of speculative SPAC-backed electric-vehicle start-up companies.
Senate Minority Leader Mitch McConnell said Democrats should separate a bipartisan infrastructure plan from their broader bill, threatening passage of both.
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