Driving Urban Innovation With AI And Edge Computing
Urban areas generate vast amounts of data every second. When harnessed effectively, this data has the power to transform how cities operate. AI and edge computing enable smarter decision-making by acting on this information, instantly allowing cities to do things such as detect infrastructure risks, optimize traffic flow, or manage emergencies with precision and speed.
For example, in Palm Springs, a public safety initiative integrates radar technology with drones to provide emergency teams with critical situational awareness prior to their arrival at a scene. First responders gain actionable insights, ensuring faster, safer outcomes for everyone involved. This blend of AI and edge computing has the potential to reimagine public safety by reducing delays and improving response quality.
Cities around the world are using AI and digital twins to reimagine how their most valuable physical assets and spaces are managed. The combination of NVIDIA GPU-accelerated computing and frameworks like NVIDIA Omniverse™ digital twins and NVIDIA Metropolis is supercharging a new generation of vision AI applications. These solutions significantly increase operational efficiency and safety across a broad range of spaces—from city streets and airports to event centers and factory floors.
AI is the brain behind connected communities, transforming data into insights. Edge computing is the nervous system, bridging the gap between vast data flows and the need for instantaneous action. By processing data closer to the source, edge computing minimizes delays, reduces reliance on centralized systems—which can introduce latency and bottlenecks—and strengthens security.
This step-change in capability ensures urban systems can adapt in real time to meet the diverse needs of communities. Whether adjusting traffic lights to reduce congestion or issuing localized emergency alerts, edge computing keeps everything moving seamlessly.
NVIDIA, a pioneer in AI innovation, plays a pivotal role in driving these advancements. Jumbi Edulbehram, Director, Smart Spaces and Local Government, at NVIDIA, explains, 'NVIDIA collaborates with leaders like Dell to deliver edge AI solutions that empower cities. These technologies are reshaping how public safety and urban systems operate, enabling cities to innovate at an unmatched pace.'
Applications of AI and edge computing are paving the way for smarter, more sustainable cities by addressing challenges in multiple domains, including:
Across all these areas, the integration of AI frameworks with platforms such as the Dell AI Factory with NVIDIA and Dell NativeEdge enables seamless implementation. Dell NativeEdge brings the power of Dell AI Factory with NVIDIA to the edge, enabling cities to securely scale their infrastructure and orchestrate AI applications across any location. These solutions make it easier for cities to adopt cutting-edge technologies, ensuring scalability and adaptability, even for smaller urban environments.
Despite its potential, deploying AI in urban environments comes with challenges. Legacy systems, restricted budgets, and the need for strong data privacy measures represent significant hurdles for city leaders. Dell and NVIDIA develop solutions tailored to these needs, reducing barriers and making innovation more accessible.
For instance, Dell and NVIDIA end-to-end AI solutions can be used with zero-trust security models to help protect sensitive city data and maintain compliance with privacy regulations. And our data center solutions can seamlessly integrate with existing infrastructure to allow cities to modernize in stages, minimizing disruption while maximizing impact.
Pre-integrated tools (like the NVIDIA NIM Microservices and NeMo) and scalable solutions reduce implementation complexity, enabling faster progress. By leveraging AI platforms alongside flexible deployment strategies, cities can accelerate the pace of innovation.
Looking to the future, the convergence of AI and edge technology is setting the stage for a new era of urban evolution. Cognitive cities, an emerging concept, are adaptive ecosystems that anticipate needs, proactively solve challenges, and foster stronger, more resilient communities.
Dell Technologies and NVIDIA are at the forefront of this transformation, turning bold dreams into data-driven realities. Their collaborative efforts exemplify what is possible when technological innovation meets human ambition.
Explore how your city can lead the way in urban innovation. Discover how the combined power of AI and edge computing can drive change and create meaningful progress in your community. Download the eBook now
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Stock market today: Dow, S&P 500, Nasdaq mixed as tariffs kick in, Trump signals chip carveout
US stocks trimmed losses on Thursday as President Trump's sweeping tariffs hit dozens of US trade partners after his self-imposed deadline for countries to strike deals expired. Meanwhile, Trump also previewed coming chip tariffs, suggesting a carveout could benefit Big Tech companies. The tech-heavy Nasdaq Composite (^IXIC) rose 0.2%, while the S&P 500 (^GSPC) dropped 0.2%. The Dow Jones Industrial Average (^DJI) also reversed course to trade down 0.5%. On Thursday afternoon Trump announced Stephen Miran, the current chairman of the Council of Economic Advisors will serve on the Federal Reserve Board of Governors until Jan 31, 2026, after Adriana Kugler resigned last Friday. Trump's deadline for trade deals landed at 12:01 a.m. ET on Thursday. Imports from nearly 200 countries now face duties ranging from 10% to 50%, and the overall average effective tariff rate is projected to jump to 18.6%, according to the Yale Budget Lab, the highest since 1933. Read more: The latest on Trump's tariffs Meanwhile, Apple (AAPL) shares climbed Thursday as Trump and CEO Tim Cook announced the company would make a $100 billion investment in the US. As part of the deal, Apple will manufacture the cover glasses for iPhones and Apple Watches in Kentucky. At the same time, Trump's comments that he'd exempt some companies from his plans to place 100% duties on semiconductors gave tech stocks an overall boost for a second consecutive day. Nvidia (NVDA) stock rose around 0.7%. Stocks pared gains in the early morning session after Bloomberg reported Federal Reserve Governor Christopher Waller is "emerging as a top candidate" to serve as the central bank's next chair. Trump is expected to announce a replacement for departing Fed governor Adriana Kugler in the coming days. Meanwhile, another wave of earnings flooded in Thursday morning. The reports featured a tariff warning from Toyota (TM), which said in its first quarter results that the impact of US tariffs will be some $9.5 billion. Among other notable corporate giants to report, Eli Lilly's (LLY) disappointing results of its much-awaited oral GLP-1 pill trial sent the stock down 14% despite posting better-than-expected earnings for the second quarter. Also on Thursday, 1.974 million continuing claims for unemployment benefits were filed, reaching their highest level since November 2021. The state of the labor market is in high focus following a disappointing July jobs report and downbeat revisions to the May and June jobs reports. Trump chooses Stephen Miran to serve on Federal Reserve Board President Trump announced Dr. Stephen Miran, the current chairman of the Council of economic Advisors to serve on the Federal Reserve Board of Governors, after Adriana Kugler resigned last Friday. 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Bitcoin, crypto stocks rally ahead of Trump order opening 401(k) plans to alternative assets Major cryptocurrencies and crypto-related stocks were rallying early Thursday ahead of President Trump's expected signing of an executive order that would allow alternative assets like cryptocurrencies and private equity into the retirement accounts of millions of Americans, Yahoo Finance's Jake Conley reports. Bitcoin (BTC-USD) rose nearly 2%, while ether (ETH-USD) and XRP (XRP-USD) were both up around 4%. Shares of Coinbase (COIN), the largest publicly traded crypto exchange, rose 3.4%. Robinhood (HOOD) and Strategy (MSTR) climbed over 4% and 2.6%, respectively. Read the full story here. Chip stocks surge as Trump points to tariff exemptions for chipmakers Chip stocks climbed on Thursday after President Trump said he'll exempt companies from his planned 100% semiconductor tariffs if they are making or beginning to make their chips in the US. Nvidia (NVDA) rose more than 2%, while Broadcom (AVGO) jumped 1.7% and Micron (MU) rose 3.4%. Most advanced chips are produced by contract chip manufacturer TSMC (TSM) in Taiwan, but the company has been building out its capacity in Arizona, exempting it from Trump's tariffs. The company's US-listed shares soared nearly 7% Thursday morning, hitting a record high. So far, Nvidia has committed to producing $500 billion of AI infrastructure in the US. Micron made a similar $200 billion commitment. Stocks move higher at the open US stocks rose at the open on Thursday as President Trump hinted at a carveout for coming tariffs on semiconductors, boosting tech for a second day, just as his tariffs hit dozens of US trading partners. The tech-heavy Nasdaq Composite (^IXIC) rose 0.8%. The Dow Jones Industrial Average (^DJI) gained 0.6%, while the S&P 500 (^GSPC) was up 0.5%. Stocks to watch: Apple, Eli Lilly, Taiwan Semiconductor, Fortinet Here's a look at some top trending tickers on Thursday ahead of the opening bell: Read more live coverage of corporate earnings here. Continuing claims for unemployment benefits hit highest since November 2021 Americans filing for unemployment insurance on an ongoing basis reached the highest level since November 2021 at the end of July. In the week ending July 26, 1.974 million continuing claims were filed, up from 1.936 million the week prior and the highest level seen since November 2021, according to data from the Department of Labor released Thursday morning. Economists see an increase in continuing claims as a sign that those out of work are taking longer to find new jobs. Meanwhile, weekly filings for unemployment benefits moved higher to 226,000 in the week ending Aug. 2, up from 221,000 the week prior. Read more: What are jobless claims, and why do they matter? Intel stock dips as Trump calls for CEO resignation President Trump on Thursday morning called for the resignation of Intel's (INTC) CEO Lip‑Bu Tan, who has been at the job since March, saying the executive is "highly conflicted" and should leave his post immediately. 'The CEO of INTEL is highly conflicted and must resign immediately. There is no other solution to this problem. Thank you for your attention to this problem!' wrote Trump on social media. On Wednesday, Reuters reported that US Republican Sen. Tom Cotton sent a letter to the company's board raising questions about Tan's ties to Chinese firms and a recent criminal case involving his former company, Cadence Design (CDNS.O). Intel stock was down as much as 3% in premarket trading. Eli Lilly stock falls despite earnings beat as oral GLP-1 pill results disappoint Eli Lilly (LLY) stock fell 7% in premarket trading. Although the company's second quarter earnings topped expectations, the results of a late-stage trial of its highly anticipated oral GLP-1 pill disappointed. For the quarter, Eli Lilly reported $15.56 billion in revenue, beating Wall Street estimates of $14.69 billion. Earnings per share came in at $6.31, compared to Street expectations of $5.56. Much of the $10.81 billion in US revenue was driven by strong sales of weight-loss drugs, Mounjaro and Zepbound, which increased 46% in volume, though prices fell 8%. Yahoo Finance's Anjalee Khemlani reports: Read more here. Good morning. Here's what's happening today. 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The IPO was upsized, and it's likely it will come out of the block strong when it opens. I am not in love with the company's financials, but it has a host of key deals in place and its technology has proven to work (see trips to moon). And it has a SpaceX ( like story to tell at a hot time for markets. Perfectly timed debut. I am live with Firefly CEO Jason Kim around 11am ET today from the Nasdaq. Tune into Yahoo Finance! SoftBank swings to profit on vision fund gains ahead of AI push Softbank's (SFTBF, 9984.T, SFTBY) Tokyo shares closed 1% up on Thursday after reporting a bigger profit than expected in the June quarter. Bloomberg News reports: Read more here. Apple gains after announcing $100B US investment Apple stock rose 3% before the bell on Thursday. Yahoo Finance's technology editor Daniel Howley and Washington correspondent Ben Werschkul outline the latest developments from the Apple investment announcement on Wednesday. Read more here. Sony stock rises as in-demand games and music help allay Trump tariff fears Bloomberg News reports: Read more here. Trump chooses Stephen Miran to serve on Federal Reserve Board President Trump announced Dr. Stephen Miran, the current chairman of the Council of economic Advisors to serve on the Federal Reserve Board of Governors, after Adriana Kugler resigned last Friday. "It is my Great Honor to announce that I have chosen Dr. Stephen Miran, current Chairman of the Council of Economic Advisors, to serve in the just vacated seat on the Federal Reserve Board until January 31, 2026," Trump wrote on Truth Social. "In the meantime, we will continue to search for a permanent replacement. Stephen has a Ph.D. in Economics from Harvard University, and served with distinction in my First Administration. He has been with me from the beginning of my Second Term, and his expertise in the World of Economics is unparalleled — He will do an outstanding job. Congratulations Stephen!" President Trump announced Dr. Stephen Miran, the current chairman of the Council of economic Advisors to serve on the Federal Reserve Board of Governors, after Adriana Kugler resigned last Friday. "It is my Great Honor to announce that I have chosen Dr. Stephen Miran, current Chairman of the Council of Economic Advisors, to serve in the just vacated seat on the Federal Reserve Board until January 31, 2026," Trump wrote on Truth Social. "In the meantime, we will continue to search for a permanent replacement. Stephen has a Ph.D. in Economics from Harvard University, and served with distinction in my First Administration. He has been with me from the beginning of my Second Term, and his expertise in the World of Economics is unparalleled — He will do an outstanding job. Congratulations Stephen!" Duolingo stock soars after earnings, forfeits roughly half its gains after OpenAI GPT-5 demo Yahoo Finance's Jake Conley reports: Read more here. Yahoo Finance's Jake Conley reports: Read more here. Gold climbs on trade tensions, hopes of Fed rate cut Gold (GC=F) futures climbed on Thursday as tariffs on imports from nearly 200 countries rolled out, and investor optimism over potential Fed rate cuts in September grew. The precious metal rose 0.6% to trade above $3,454 per ounce. Inflows into gold ETFS and central bank purchases have fueled gold purchases over the past year. Year to date, gold is up about 32%. The prospects of lower interest rates from the Federal Reserve amid a weakening job market have fueled purchases of the precious metal. Meanwhile, President Trump's tariff deadline landed on Thursday, and tariffs on imports from a variety of countries now face duties ranging from 10% to 50%. The overall average effective tariff rate is projected to jump to 18.6% this year, according to the Yale Budget Lab, the highest since 1933. Gold (GC=F) futures climbed on Thursday as tariffs on imports from nearly 200 countries rolled out, and investor optimism over potential Fed rate cuts in September grew. The precious metal rose 0.6% to trade above $3,454 per ounce. Inflows into gold ETFS and central bank purchases have fueled gold purchases over the past year. Year to date, gold is up about 32%. The prospects of lower interest rates from the Federal Reserve amid a weakening job market have fueled purchases of the precious metal. Meanwhile, President Trump's tariff deadline landed on Thursday, and tariffs on imports from a variety of countries now face duties ranging from 10% to 50%. The overall average effective tariff rate is projected to jump to 18.6% this year, according to the Yale Budget Lab, the highest since 1933. Shareholder warns Apple's $100 billion investment is more optics than impact Yahoo Finance's Francisco Velasquez reports: Read more here. Yahoo Finance's Francisco Velasquez reports: Read more here. Firefly opens at $70 per share, 56% above IPO price of $45 Shares of Firefly Aerospace — trading under the ticker symbol FLY — opened at $70 per share on Thursday, about 56% above their IPO prices of $45. Brian Sozzi reports: Read more here. Shares of Firefly Aerospace — trading under the ticker symbol FLY — opened at $70 per share on Thursday, about 56% above their IPO prices of $45. Brian Sozzi reports: Read more here. Mortgage rates dip near 2025 lows after weak jobs data Yahoo Finance's Shi Bradley and Claire Boston report: Read more here. Yahoo Finance's Shi Bradley and Claire Boston report: Read more here. Waller emerges as Fed chair favorite, Bloomberg says Stocks pared gains in the early morning session after Bloomberg reported Federal Reserve Governor Christopher Waller is "emerging as a top candidate" to serve as the central bank's next chair. Bloomberg reports: Read more here. Stocks pared gains in the early morning session after Bloomberg reported Federal Reserve Governor Christopher Waller is "emerging as a top candidate" to serve as the central bank's next chair. Bloomberg reports: Read more here. Toyota slashes 2025 profit guidance, warns of $9.5B tariff hit Toyota (TM), the world's largest automaker, is the latest to warn about the effects of President Trump's tariffs. Yahoo Finance's Pras Subramanian writes: Read the full story here. Toyota (TM), the world's largest automaker, is the latest to warn about the effects of President Trump's tariffs. Yahoo Finance's Pras Subramanian writes: Read the full story here. Bitcoin, crypto stocks rally ahead of Trump order opening 401(k) plans to alternative assets Major cryptocurrencies and crypto-related stocks were rallying early Thursday ahead of President Trump's expected signing of an executive order that would allow alternative assets like cryptocurrencies and private equity into the retirement accounts of millions of Americans, Yahoo Finance's Jake Conley reports. Bitcoin (BTC-USD) rose nearly 2%, while ether (ETH-USD) and XRP (XRP-USD) were both up around 4%. Shares of Coinbase (COIN), the largest publicly traded crypto exchange, rose 3.4%. Robinhood (HOOD) and Strategy (MSTR) climbed over 4% and 2.6%, respectively. Read the full story here. Major cryptocurrencies and crypto-related stocks were rallying early Thursday ahead of President Trump's expected signing of an executive order that would allow alternative assets like cryptocurrencies and private equity into the retirement accounts of millions of Americans, Yahoo Finance's Jake Conley reports. Bitcoin (BTC-USD) rose nearly 2%, while ether (ETH-USD) and XRP (XRP-USD) were both up around 4%. Shares of Coinbase (COIN), the largest publicly traded crypto exchange, rose 3.4%. Robinhood (HOOD) and Strategy (MSTR) climbed over 4% and 2.6%, respectively. Read the full story here. Chip stocks surge as Trump points to tariff exemptions for chipmakers Chip stocks climbed on Thursday after President Trump said he'll exempt companies from his planned 100% semiconductor tariffs if they are making or beginning to make their chips in the US. Nvidia (NVDA) rose more than 2%, while Broadcom (AVGO) jumped 1.7% and Micron (MU) rose 3.4%. Most advanced chips are produced by contract chip manufacturer TSMC (TSM) in Taiwan, but the company has been building out its capacity in Arizona, exempting it from Trump's tariffs. The company's US-listed shares soared nearly 7% Thursday morning, hitting a record high. So far, Nvidia has committed to producing $500 billion of AI infrastructure in the US. Micron made a similar $200 billion commitment. Chip stocks climbed on Thursday after President Trump said he'll exempt companies from his planned 100% semiconductor tariffs if they are making or beginning to make their chips in the US. Nvidia (NVDA) rose more than 2%, while Broadcom (AVGO) jumped 1.7% and Micron (MU) rose 3.4%. Most advanced chips are produced by contract chip manufacturer TSMC (TSM) in Taiwan, but the company has been building out its capacity in Arizona, exempting it from Trump's tariffs. The company's US-listed shares soared nearly 7% Thursday morning, hitting a record high. So far, Nvidia has committed to producing $500 billion of AI infrastructure in the US. Micron made a similar $200 billion commitment. Stocks move higher at the open US stocks rose at the open on Thursday as President Trump hinted at a carveout for coming tariffs on semiconductors, boosting tech for a second day, just as his tariffs hit dozens of US trading partners. The tech-heavy Nasdaq Composite (^IXIC) rose 0.8%. The Dow Jones Industrial Average (^DJI) gained 0.6%, while the S&P 500 (^GSPC) was up 0.5%. US stocks rose at the open on Thursday as President Trump hinted at a carveout for coming tariffs on semiconductors, boosting tech for a second day, just as his tariffs hit dozens of US trading partners. The tech-heavy Nasdaq Composite (^IXIC) rose 0.8%. The Dow Jones Industrial Average (^DJI) gained 0.6%, while the S&P 500 (^GSPC) was up 0.5%. Stocks to watch: Apple, Eli Lilly, Taiwan Semiconductor, Fortinet Here's a look at some top trending tickers on Thursday ahead of the opening bell: Read more live coverage of corporate earnings here. Here's a look at some top trending tickers on Thursday ahead of the opening bell: Read more live coverage of corporate earnings here. Continuing claims for unemployment benefits hit highest since November 2021 Americans filing for unemployment insurance on an ongoing basis reached the highest level since November 2021 at the end of July. In the week ending July 26, 1.974 million continuing claims were filed, up from 1.936 million the week prior and the highest level seen since November 2021, according to data from the Department of Labor released Thursday morning. Economists see an increase in continuing claims as a sign that those out of work are taking longer to find new jobs. Meanwhile, weekly filings for unemployment benefits moved higher to 226,000 in the week ending Aug. 2, up from 221,000 the week prior. Read more: What are jobless claims, and why do they matter? Americans filing for unemployment insurance on an ongoing basis reached the highest level since November 2021 at the end of July. In the week ending July 26, 1.974 million continuing claims were filed, up from 1.936 million the week prior and the highest level seen since November 2021, according to data from the Department of Labor released Thursday morning. Economists see an increase in continuing claims as a sign that those out of work are taking longer to find new jobs. Meanwhile, weekly filings for unemployment benefits moved higher to 226,000 in the week ending Aug. 2, up from 221,000 the week prior. Read more: What are jobless claims, and why do they matter? Intel stock dips as Trump calls for CEO resignation President Trump on Thursday morning called for the resignation of Intel's (INTC) CEO Lip‑Bu Tan, who has been at the job since March, saying the executive is "highly conflicted" and should leave his post immediately. 'The CEO of INTEL is highly conflicted and must resign immediately. There is no other solution to this problem. Thank you for your attention to this problem!' wrote Trump on social media. On Wednesday, Reuters reported that US Republican Sen. Tom Cotton sent a letter to the company's board raising questions about Tan's ties to Chinese firms and a recent criminal case involving his former company, Cadence Design (CDNS.O). Intel stock was down as much as 3% in premarket trading. President Trump on Thursday morning called for the resignation of Intel's (INTC) CEO Lip‑Bu Tan, who has been at the job since March, saying the executive is "highly conflicted" and should leave his post immediately. 'The CEO of INTEL is highly conflicted and must resign immediately. There is no other solution to this problem. Thank you for your attention to this problem!' wrote Trump on social media. On Wednesday, Reuters reported that US Republican Sen. Tom Cotton sent a letter to the company's board raising questions about Tan's ties to Chinese firms and a recent criminal case involving his former company, Cadence Design (CDNS.O). Intel stock was down as much as 3% in premarket trading. Eli Lilly stock falls despite earnings beat as oral GLP-1 pill results disappoint Eli Lilly (LLY) stock fell 7% in premarket trading. Although the company's second quarter earnings topped expectations, the results of a late-stage trial of its highly anticipated oral GLP-1 pill disappointed. For the quarter, Eli Lilly reported $15.56 billion in revenue, beating Wall Street estimates of $14.69 billion. Earnings per share came in at $6.31, compared to Street expectations of $5.56. Much of the $10.81 billion in US revenue was driven by strong sales of weight-loss drugs, Mounjaro and Zepbound, which increased 46% in volume, though prices fell 8%. Yahoo Finance's Anjalee Khemlani reports: Read more here. Eli Lilly (LLY) stock fell 7% in premarket trading. Although the company's second quarter earnings topped expectations, the results of a late-stage trial of its highly anticipated oral GLP-1 pill disappointed. For the quarter, Eli Lilly reported $15.56 billion in revenue, beating Wall Street estimates of $14.69 billion. Earnings per share came in at $6.31, compared to Street expectations of $5.56. Much of the $10.81 billion in US revenue was driven by strong sales of weight-loss drugs, Mounjaro and Zepbound, which increased 46% in volume, though prices fell 8%. Yahoo Finance's Anjalee Khemlani reports: Read more here. Good morning. Here's what's happening today. Economic data: Initial jobless claims (week ending Aug. 2); Nonfarm productivity (second quarter preliminary); Unit labor costs (second quarter preliminary) Earnings: Block (XYZ), Celsius (CELH), ConocoPhillips (COP), Eli Lilly (LLY), Sony (SONY), SoundHound (SOUN), Pinterest (PINS), Take-Two Interactive (TTWO), Twilio (TWLO), The Trade Desk (TTD), Vistra Energy (VST) Here are some of the biggest stories you may have missed overnight and early this morning: Investors are 'agitated' by less than perfect earnings Shopify's strong quarter shows consumers are ignoring tariffs Eli Lilly stock falls on GLP-1 pill trial results Trump's tariffs hit dozens of countries as trade deadline expires Trump to sign order easing path for private assets in 401(k)s Apple leads surge in global tech shares after Trump tariff relief Trump boasts billions of dollars flowing into US from tariffs Warner Bros revenue surges on streaming expansion, box-office hits Trump floats possible tariffs on China for buying Russia oil\ TSMC shares surge as Taiwan says firm exempt from Trump tariffs Economic data: Initial jobless claims (week ending Aug. 2); Nonfarm productivity (second quarter preliminary); Unit labor costs (second quarter preliminary) Earnings: Block (XYZ), Celsius (CELH), ConocoPhillips (COP), Eli Lilly (LLY), Sony (SONY), SoundHound (SOUN), Pinterest (PINS), Take-Two Interactive (TTWO), Twilio (TWLO), The Trade Desk (TTD), Vistra Energy (VST) Here are some of the biggest stories you may have missed overnight and early this morning: Investors are 'agitated' by less than perfect earnings Shopify's strong quarter shows consumers are ignoring tariffs Eli Lilly stock falls on GLP-1 pill trial results Trump's tariffs hit dozens of countries as trade deadline expires Trump to sign order easing path for private assets in 401(k)s Apple leads surge in global tech shares after Trump tariff relief Trump boasts billions of dollars flowing into US from tariffs Warner Bros revenue surges on streaming expansion, box-office hits Trump floats possible tariffs on China for buying Russia oil\ TSMC shares surge as Taiwan says firm exempt from Trump tariffs Keep an eye on Firefly IPO Not too far removed from Figma's (FIG) huge IPO, Firefly will come to market at the Nasdaq later on today. The IPO was upsized, and it's likely it will come out of the block strong when it opens. I am not in love with the company's financials, but it has a host of key deals in place and its technology has proven to work (see trips to moon). And it has a SpaceX ( like story to tell at a hot time for markets. Perfectly timed debut. I am live with Firefly CEO Jason Kim around 11am ET today from the Nasdaq. Tune into Yahoo Finance! Not too far removed from Figma's (FIG) huge IPO, Firefly will come to market at the Nasdaq later on today. The IPO was upsized, and it's likely it will come out of the block strong when it opens. I am not in love with the company's financials, but it has a host of key deals in place and its technology has proven to work (see trips to moon). And it has a SpaceX ( like story to tell at a hot time for markets. Perfectly timed debut. I am live with Firefly CEO Jason Kim around 11am ET today from the Nasdaq. Tune into Yahoo Finance! SoftBank swings to profit on vision fund gains ahead of AI push Softbank's (SFTBF, 9984.T, SFTBY) Tokyo shares closed 1% up on Thursday after reporting a bigger profit than expected in the June quarter. Bloomberg News reports: Read more here. Softbank's (SFTBF, 9984.T, SFTBY) Tokyo shares closed 1% up on Thursday after reporting a bigger profit than expected in the June quarter. Bloomberg News reports: Read more here. Apple gains after announcing $100B US investment Apple stock rose 3% before the bell on Thursday. Yahoo Finance's technology editor Daniel Howley and Washington correspondent Ben Werschkul outline the latest developments from the Apple investment announcement on Wednesday. Read more here. Apple stock rose 3% before the bell on Thursday. Yahoo Finance's technology editor Daniel Howley and Washington correspondent Ben Werschkul outline the latest developments from the Apple investment announcement on Wednesday. Read more here. Sony stock rises as in-demand games and music help allay Trump tariff fears Bloomberg News reports: Read more here. Bloomberg News reports: Read more here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20 minutes ago
- Yahoo
Claimable Expands Advisory Board with ERISA Litigation Pioneer D. Brian Hufford and Renowned Healthcare Advocate Dr. Elisabeth Potter
Hufford Joins as Senior Legal Advisor; Dr. Potter as Senior Clinical Advisor SACRAMENTO, Calif., Aug. 07, 2025 (GLOBE NEWSWIRE) -- Claimable, the AI-powered appeals platform redefining how patients challenge insurance denials, today announced the appointment of two nationally recognized experts to its advisory board. D. Brian Hufford, former partner at Zuckerman Spaeder LLP and currently the Principal at The Hufford Law Firm PLLC, joins as Senior Legal Advisor. Dr. Elisabeth Potter, board-certified plastic surgeon and healthcare advocate, joins as Senior Clinical Advisor. Claimable combines legal precedent and clinical expertise with policy details and the patient's unique medical story to deliver personalized, evidence-backed appeals. Built to bridge the gap between the law, medicine, and the lived patient experience, Claimable ensures appeals reflect both institutional requirements and individual realities. Hufford and Dr. Potter's appointments further strengthen Claimable's position as the trusted leader in AI-powered appeals, grounded in regulatory rigor and real-world clinical insight. 'We're proud to welcome advocates like Brian and Elisabeth as advisors at Claimable. Both have built their careers on unwavering integrity, ensuring that patients receive the care they deserve. Brian does this through his groundbreaking legal work, and Elisabeth through her fearless patient advocacy and deep clinical expertise. Together, they strengthen Claimable's ability to protect patient rights on every front,' said Warris Bokhari, CEO & Co‑Founder of Claimable. Brian Hufford is nationally recognized and celebrated for his trailblazing work in ERISA litigation, securing precedent-setting rulings and settlements against insurers on behalf of patients and fiduciaries. As Claimable's Senior Legal Advisor, he will guide legal strategy, help define best practices for insurance appeals, and support expansion across complex state and federal frameworks. 'For decades, I've fought to hold insurers accountable under laws designed to protect patients,' said Hufford. 'As technology rapidly evolves, new systemic challenges are emerging. Claimable can serve as an important part of the antidote, setting a new standard that combines legal rigor with AI-powered accessibility to put the power to fight denials where it belongs: in patients' hands. It can provide a transformative step toward a healthcare system that is fairer, more transparent, and more just. I'm excited to support the Claimable team and their mission to bring real accountability and real relief to patients across the country.' Dr. Elisabeth Potter is a Texas-based reconstructive plastic surgeon who became a national voice for patients and physicians after going public in January 2025 about being called mid-surgery by UnitedHealthcare regarding a patient's coverage. Her viral video drew widespread support and highlighted how insurance interference can impede physician autonomy and compromise care. As Claimable's Senior Clinical Advisor, she will ensure that emerging clinical realities, especially the challenges physicians face in advocating for care, are reflected in the design of Claimable's products and services. 'When insurance companies interfere with clinical decisions, patients suffer—and so does trust in the healthcare system. Claimable is changing that by giving patients a simple, affordable, data-backed path to challenge unfair denials,' said Dr. Potter. 'I'm particularly passionate about women's health and expanding access to affordable care. By supporting numerous conditions that disproportionately affect women, Claimable is proving to be a powerful tool for those so often impacted by our broken insurance system. I'm excited to bring the physician perspective to this work and help empower both patients and doctors to advocate for the care they know is right.' These appointments follow a period of rapid growth and product expansion. Since launching in late 2024, Claimable has recovered over $15 million for patients, maintaining an overall success rate of over 80% across more than 70 commonly denied treatments, including autoimmune and migraine medications, IVIG for children with PANS/PANDAS, and GLP-1s for obesity and type 2 diabetes. Most recently, the company was named an honoree in Fast Company's 2025 World Changing Ideas Awards. To learn more about Claimable, visit ABOUT CLAIMABLEClaimable is revolutionizing the way patients and providers fight healthcare denials, helping ensure everyone has access to the care they need and the coverage they deserve. The platform leverages custom-built AI to analyze clinical research, policy details, appeals data, and patients' unique medical stories, generating and submitting customized appeals in minutes. Claimable is available nationwide, accepting denials from all insurance providers, including Medicare and Medicaid. As an NVIDIA Inception Program member, Claimable continues to push the boundaries of AI innovation in healthcare. For more information visit ContactEmily Foxpress@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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The Art of Trump's Private Equity Deal: Exclusive
By Josh Kosman President Trump in a matter of months turned from a private equity critic to champion and much of that has come because of a deal involving AI, sources told JOBs. Back in February when Trump was threatening to end one of private equity's big tax loopholes, the treatment of carried interest, leading private equity moguls and their lobbyists told the White House they would rather work out an investment plan to boost US energy dominance – an important goal for the President, insiders with direct knowledge of the situation told me at the time. The idea was of a grand bargain and would culminate with a press conference that included Trump and the head of a private equity firm committing to AI infrastructure, sources told me then. Blackstone Group COO Jonathan Gray on July 15 sat next to Trump announcing a commitment to invest over $25 billion to support the build out of Pennsylvania's digital and energy infrastructure. The firm said it was forming a joint venture with utility PPL to invest in new natural gas power generation facilities to provide electricity for AI. 'We believe this new technology [AI] can lead to a manufacturing renaissance in the US,' Gray said. 'Generating electrons will spur economic activity and employment growth right here in Pennsylvania.' Recently Trump has showered the industry with one giant favor after another. Trump on July 4 signed his Big Beautiful Budget Bill into law. The government kept carried interest the same helping to preserve private equity wealth. What's more the bill increased the deduction on interest payments that can be used by all companies but disproportionately benefits private equity. Trump reportedly too is set by executive order to announce guidance for the Labor Department and SEC that would make it much easier for private equity firms to raise money from defined benefit plans (401-Ks) for the first time. 'Despite multiple suggestions from various sources in the months and weeks leading up to the passage [of the Bill] hinting at possible changes to the taxation of carried interest, the [Bill] does not contain any provisions changing the current law,' law firm Ballard Spahr said. 'This is welcomed news to fund sponsors.' 'I think private equity firms are incredibly relieved,' a DC source close to the situation said. During the budget negotiations, Blackstone was working on its AI investment while Congress was hammering out details simultaneously, the DC source said. 'I don't think it was a deliberate quid pro-quo,' the DC source said but it made Trump amenable to changing his mind. 'The only special interest guiding President Trump's decision-making is the best interest of the American people,' White House Spokesman Kush Desai told JOBs. 'Industry titans ranging from NVIDIA to Apple to Merck have made trillions in historic investment commitments because of their confidence in President Trump and his economic agenda – including energy abundance.' Blackstone declined comment. Private equity firms pay a 23.8% capital gains tax rate on profits earned when they exit businesses through a sale or an IPO. Typically, they make a 20% cut, or carried interest, from fund profits. That's rather than the top rate for ordinary income of 40.8%. And those aren't the only source of private equity's profits. These firms charge enormous fees to investors and often charge the thousands of companies they own as a kind of salary more than covering their costs, so profits should arguably be treated as ordinary income. That's the carried interest loophole. If private equity paid the top 40.8% tax rate on profits instead, the U.S. would raise $13 billion over 10 years, according to the Congressional Budget Office. 'I think you could have easily seen ending carried interest as a way to help pay for reducing taxes on tips,' the DC source said, as the reduction helps the working class while eliminating carried interest essentially impacts billionaires. The private equity industry's American Investment Council lobbying group says ending carried interest would hurt long-term investment that creates jobs and that private equity builds businesses in communities across America. Private equity firms globally had $1.2 trillion to spend as of the end of 2024, according to Bain & Co., and own US businesses employing nearly 10% of the non-government workforce. More and more has come out over the past decade about the harm private equity does to businesses, their workers, customers and communities where they operate. Several recent books have chronicled the impact like Gretchen Morgenson's These Are the Plunderers and Megan Greenwell's Bad Company. I wrote a book in 2009 called the Buyout of America warning about their destructive practices when they were just becoming the behemoths they are today. Because they buy companies by having the companies they acquire take on big loans, private equity firms have a reputation for cutting costs at their companies by laying off more workers than competitors, raising prices and reducing customer service. Democrats including President Obama and President Biden for years have called for the end of carried interest and done little so Trump is not setting a precedent. Trump during his first term did limit the carried interest tax break for when firms held companies only for three years or longer. Private equity firms have been jumping on the AI bandwagon for months so a deal in which private equity firms offered investment in AI data centers to keep carried interest the same would not have been much of a sacrifice, a skeptic said. 'I think they are rebranding something they were already doing,' Jim Baker, executive director of the Private Equity Stakeholder advocacy group said. The Blackstone Group in 2024 paid $16.1 billion for AirTrunk, a data center operator. The firm in January also agreed to buy the Potomac Energy Center gas plant in Virginia specifically to power data centers. 'As a country, we face the prospect of having to double our power grid's capacity over the next 12 to 13 years to keep up,' Blackstone said in an Oct. 31, 2024 report. KKR and Energy Capital Partners in October too announced a $50 billion strategic partnership to accelerate the development of data center and power generation for the expansion of artificial intelligence. Read more from Josh Kosman at Contact: joshk@ The post The Art of Trump's Private Equity Deal: Exclusive appeared first on CorpGov. 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