Scandinavian Tobacco Group sells brands to Japan Tobacco for $195m

The US Navy wants to build a new “AI-first” fleet, and it’s betting that better data, faster technology adoption, and more tech-savvy sailors will help make it happen. The service’s newly released strategy focuses on using AI and data in more ways and relies on ensuring sailors are proficient with the technology and can keep…

Key Points Space Exploration Technologies (NASDAQ: SPCX) was a stock market winner right out of the gate. The industrial and tech giant, more commonly known as SpaceX, soared 19% on its first day of trading — and that was after the company completed the world’s biggest initial public offering. After the exercise of an overallotment…

Baltimore-based Constellation Energy, a $90 billion company, generates electricity on a vast scale. And AI’s voracious appetite means that electricity is now becoming a very valuable commodity, and the companies that can generate it reliably, cleanly and at scale will see a lot more attention than they’re currently getting. Investors have re-priced entire industries, assuming…

Billionaire real estate developer Stephen Ross has launched a 10,000-square-foot immersive Experience Center in downtown West Palm Beach, FL, showcasing his vision for transforming the area into the “Wall Street of the South.” Ross’ firm, Related Ross, along with fellow billionaire Ken Griffin, will invest more than $10 billion across Palm Beach County to attract global companies and…

OpenAI is going down, and taking investors and an entire industry with it, argues artificial-intelligence critic Ed Zitron.