Asian Chip Stocks Surge as Samsung Jumps 11% in One Day
On the Seoul exchange, the trading halt hit before lunch, and traders on the floor described the mood as a mix of relief and disbelief. Samsung Electronics rose 11% in…
Xbox Revenue Keeps Falling After $20 Billion of Spending
The memo landed on June 10 with a title that did not hedge: “Next 100 Days: Xbox Reset.” In it, Microsoft’s gaming division acknowledged what executives had said privately for…
SpaceX Joins the Top Six U.S. Stocks as Barron’s Declares the Magnificent Seven Over
The math changed on a single trading day. When SpaceX closed its debut at $160.95 a share, its market value of about $2.1 trillion put it above Tesla at roughly…
Mistral in Talks to Raise 3 Billion Euros at a 20 Billion Euro Valuation
In a glass office block near the Paris Bourse, the founders of Mistral AI are doing what they have done at every stage of the company’s life: raising money. The…
Meta’s AI Unit Draws Petition Signed by More Than 1,600 Employees
The email subject line read “Applied AI — You Have Been Selected.” There was no opt-out. Within weeks, thousands of Meta engineers and product managers had been reassigned, by fiat,…
U.S. Orders Anthropic to Disable Two Models Worldwide
Anthropic executives got the word by phone on a weekday morning: the United States government was directing the company to take its two most powerful artificial-intelligence models offline, everywhere, at…
BofA Sees the Server CPU Market Quintuple by 2030
The computer chip that the AI boom was supposed to make irrelevant is having a comeback, and Bank of America has put a number on it. The server CPU market…
GitHub Copilot Moves to Usage-Based Pricing
On June 1, GitHub retired the currency it had used to bill for its AI coding assistant and replaced it with a new one: tokens. Every Copilot plan now works…
Meta Weighs a Stock Sale to Fund Its AI Push
Meta Platforms is considering raising tens of billions of dollars through a stock offering to help finance its artificial intelligence buildout, according to people familiar with the discussions. The talks…
Broadcom’s $120 Billion Seat at the AI Financing Table
Broadcom makes the networking chips that move data inside AI data centers. Increasingly, it also helps pay for the data centers themselves. The company has participated in financing for artificial…
