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AI Cash Machine: Nvidia’s Quarterly Profit Hits $43 Billion on Strong A.I. Chip Sales (New York Times)
Nvidia’s profit for the last 12 months hit $120 billion, the chip giant said on Wednesday, providing ample evidence that it is cashing in on the tech industry’s artificial intelligence boom more than any other company in the world.
Only a handful of companies, including Alphabet, Microsoft and Apple, have made a profit as much as $100 billion in a year. And none of them have grown as quickly. Just three years ago, Nvidia’s profit was $4.4 billion.
Total profit for the period nearly doubled from a year earlier to $43 billion. For the first time, it topped the recent profits of other big technology companies, including Apple, Microsoft and Alphabet.
Bubble Concerns Persist: Nvidia Investors Give Lukewarm Reaction to Upbeat Forecast (Bloomberg)
After explosive sales growth turned the chipmaker into the world’s most valuable company, investors are seeking stronger assurances that booming AI sales are here to stay.
Burying the News:
Epstein
Files Are Missing Records About Woman Who Made Claim Against Trump (New York Times)
The vast trove of documents released by the Justice Department from its investigations into the convicted sex offender Jeffrey Epstein failed to include some key materials related to a woman who made an accusation against President Trump, according to a review by The New York Times.
The materials are F.B.I. memos summarizing interviews the bureau did in connection with claims made in 2019 by a woman who came forward after Epstein’s arrest to say she had been sexually assaulted by both Trump and the financier decades earlier, when she was a minor.
Trump Critic Targeted:
F.B.I. Raids Los Angeles Schools Chief’s Home and District Headquarters (New York Times)
F.B.I. agents raided the headquarters of the Los Angeles Unified School District and the home of its superintendent on Wednesday, federal authorities said.
F.B.I. officials said that the agency was executing search warrants at the school district and at the home of the superintendent, Alberto Carvalho, but that the accompanying affidavits had been sealed by the court. It’s unclear what the F.B.I. is investigating.
Carvalho has been a vocal critic of the Trump administration’s aggressive immigration enforcement efforts, especially around schools, according to Politico.
Tensions Rise: Cuba Shoots Four Dead in Clash With Florida Speedboat (Bloomberg)
Cuban forces killed four people and wounded six others who were traveling in a speedboat with Florida tags and opened fire on the island’s border patrol, the government said.
The vessel approached within one nautical mile of the coast of Villa Clara on Monday morning, the Ministry of Interior said in a statement. When security forces approached to identify the passengers, the occupants opened fire, injuring the commander of the military vessel.
US and Cuban tensions are running high as Trump’s administration has effectively imposed a naval blockade on the communist-run island, and dramatically reduced its access to fuel. The president has also mused about the collapse of the six-decade-old regime.
🔊 Dive Deeper: The Daily Read Podcast just dropped—and it’s packed with an AI-powered breakdown of today’s biggest headlines. We go beyond the scroll with the key takeaways, smart context, and the “why it matters” behind each story, so you can stay ahead in less time. Listen now on Spotify or
Apple Podcasts.
The Future of AI: Bloomberg Terminal’s Agentic Play Shows Rapid Change in Trading Tech (Waters Technology)
Earlier this week, Bloomberg unveiled ASKB, the terminal’s new conversational AI interface that uses conversational language to find answers to questions from Bloomberg’s universe of structured and unstructured data, documents, news, research, and analytics, Anthony Malakian of Waters Technology writes.
With an orchestration layer sitting on top, ASKB agents connect to hundreds of millions of company documents, more than 1.1 million curated stories daily, sell-side and independent research from more than 800 providers, and research from Bloomberg Intelligence, BloombergNEF, and Bloomberg Economics.
“I think the most fundamental thing is that we can show transparency from anything that our AI is producing,” Wayne Barlow, Bloomberg's Global Head of Terminal Products, told Waters. “If you now fast forward and take those things that we built incrementally … all these systems come together into what we have, which is our ASKB product.”
Latest Tech Drop: Samsung Unveils Galaxy S26 Ultra With Privacy Screen, Lighter Design and More AI (Bloomberg)
TV News: HBO Sets ‘Industry’ Endgame, Renewing the Finance Drama for a Fifth and Final Season (Bloomberg)
Calling All NYC Coffee Drinkers: A Tiny West Village Café Named One of the World’s Best Coffee Shops (Time Out - New York)
New York’s caffeine scene just got a fresh bragging right. Arcane Estate Coffee,
the Panama-focused West Village café on Cornelia Street, has been ranked No. 12 on the newly released World’s 100 Best Coffee Shops list, one of nine US cafes to make the global roundup unveiled at CoffeeFest Madrid 2026.
Arkansas-based Onyx Coffee Lab claimed the top spot this year, with Oslo’s Tim Wendelboe and El Salvador’s Alquimia Coffee rounding out the podium.
Globally, the 2026 list highlights a growing diversity
of coffee capitals as well, with the United States leading with nine spots, followed by Australia, Peru, Spain, Honduras and Taiwan.
Organizers say the goal is to spotlight cafes shaping the future of specialty coffee culture, whether that’s through technical experimentation, community-building or distinctive storytelling around origin.
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