U.S. MarketsMay 26 at 10:45 AM

Qualcomm (QCOM) struck an AI chip deal with ByteDance, Bloomberg reports

News detail

Qualcomm has agreed to supply ByteDance with millions of application-specific integrated circuits for AI data centres supporting AI agent software The deal marks a significant step in Qualcomm's push to expand beyond smartphone processors into AI infrastructure, Bloomberg reports

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Geopolitics

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

Geopolitics

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday

U.S. Economy