Nvidia delivered a record quarter and signaled that the AI boom is still going strong, driving its already meteoric stock up Wednesday evening above $1,000 a share. The chips made by Nvidia have powered the rise of artificial intelligence, which is threatening to disrupt virtually every major industry. Chief Executive Jensen Huang declared the beginning of a new industrial revolution where Nvidia was helping turn $1 trillion of data centers into “AI factories.” Read More...
Justice Department to Sue Live Nation, Seek Breakup of Concert and Ticketing Giant
The Justice Department and a group of states plan to sue Live Nation on Thursday, alleging the entertainment giant has used its ticketing monopoly to suppress competition and should be broken up, according to people familiar with the matter. The lawsuit, to be filed in a New York federal court, would seek changes to the company’s business practices, including by asking a judge to effectively undo the 2010 merger of Live Nation and Ticketmaster. The Justice Department during the Obama administration allowed the merger to close despite concerns it would create an indomitable live-entertainment giant.
The Wall Street Journal•
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