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Shares in Qualcomm Incorporated (Nasdaq: QCOM) are surging in premarket trading this morning after reports emerged that the company may be on the cusp of a deal with artificial intelligence giant OpenAI. The deal would see Qualcomm CPUs powering a potential OpenAI smartphone—and would be a further sign that AI may shift from being primarily GPU-powered to CPU-powered. Here’s what you need to know. Will the CPU replace the GPU in the AI space? Currently, the most important computing component underpinning the AI era is the Graphics Processing Unit (GPU). Traditionally, this was a dedicated processor designed to render 3D graphics and video, and it was especiall…

Iran offered to end its chokehold on the Strait of Hormuz without addressing its nuclear program, officials with knowledge of the proposal said Monday. Iran also wants the United States to end its blockade of the country as part of its proposal, according to the two regional officials, who spoke on condition of anonymity to discuss the closed-door negotiations. Oil prices were up Monday as a standoff between the U.S. and Iran in the Strait of Hormuz remained despite a ceasefire, while Pakistan leaders were seeking to revive stalled talks between the two countries. Iran’s Foreign Minister Abbas Araghchi was in Russia Monday for a meeting with President Vladimir…

Yum Brands is delivering on its promise to shutter hundreds of Pizza Hut locations. Three months after the fast-food giant announced its intention to close 250 underperforming Pizza Hut restaurants during the first half of 2026, the chain’s U.S. footprint appears to be notably smaller, according to a Fast Company analysis. A review of local media reports, online review platforms such as Yelp and Google Reviews, and Pizza Hut’s own store locator tool has found more than 50 locations that have closed in recent months, spanning cities across the United States. The true tally is likely much higher. Ranjith Roy, CFO of Yum Brands, indicated on an earnings call in…