Jake Perez

BMG and Concord are to form a new independent music powerhouse, potentially valued at $14 billion, Bloomberg reports, citing an anonymous source. BMG parent Bertelsmann will hold a majority stake, as the new company aims for a competitive foothold against major labels by focusing on deeper investment in talent and technology.

Nvidia CEO Jensen Huang says the chip giant will continue to sponsor H-1B visas and pay all associated costs — including the $100,000 fee imposed by President Donald Trump's executive order last month. In an internal memo seen by Business Insider, Huang told staff that "the miracle of Nvidia ... would not be possible without immigration." Huang also made news in a Thursday interview with CNBC, declaring that AI computing demand has risen "substantially" in the past six months.