Switzerland to Boost US Investment
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The stock market has stumbled on concerns that the surge in artificial intelligence stocks could echo the dot-com bubble.
Anthropic CEO Dario Amodei said that new investment will help the company "build more capable AI systems."
Three years ago, only 6% of billionaires had controlling stakes in sports teams. Now, that share has jumped to 20%.
"This is a Texas-sized investment in the future of our great state," Texas Gov. Greg Abbott said in a statement.
The theme here is clear: IonQ continues to tap the capital markets to fund its operations. Management understands that the stock is trading for a premium and is therefore taking advantage of IonQ's frothy valuation by issuing stock at elevated levels to raise large sums of cash.
Toyota launched a $13.9 billion battery plant in North Carolina, creating 5,100 jobs and committing an additional $10 billion to U.S. manufacturing over five years.