Google Ships Gemini 3.7 Flash Three Weeks After Its Predecessor
The release cadence has become the product. Google announced Gemini 3.7 Flash on Aug. 13, just three weeks after the previous version, Gemini 3.6 Flash, and the company is not…
Reddit Joins the S&P 500, and Its Shares Jump More Than 11%
The announcement came Aug. 14 from S&P Dow Jones Indices, and the market responded in a single word: demand. Reddit’s shares rose more than 11 percent on the day the…
AMD Sells $4.75 Billion in Bonds, Its Largest Offering Yet
SUNNYVALE, Calif. — The offering documents hit the market on Aug. 13 with a settlement date of Aug. 17, and within a day the raise was done: Advanced Micro Devices…
Databricks Raises $5 Billion at $190 Billion Valuation, Led by Coatue
Databricks asked for $1 billion. It left the table with five times that, and a valuation to match. The company announced Aug. 14 that it closed a $5 billion funding…
OpenAI Names Dali Rajic Chief Revenue Officer, Its Second in a Year
OpenAI has a new sales chief, again. The company announced Aug. 14 that Dali Rajic, former president and chief operating officer of the cybersecurity firm Wiz, will become chief revenue…
SpaceX Completes $60 Billion All-Stock Deal for Cursor Maker Anysphere
The deal was announced in mid-June and closed in two months, an unusually short window for a transaction of its size. On Aug. 14, SpaceX said it completed its all-stock…
SK Hynix Plans $720 Billion Expansion to Triple Memory Capacity by 2034
The construction site stretches across the hills south of Seoul, where cranes now outnumber the trees. CNBC toured the complex on Aug. 13, and the scale of what SK Hynix…
China’s YMTC Jumps to No. 3 in NAND Shipments, Passing Micron and Kioxia
Counterpoint Research’s second-quarter shipment data, published Aug. 14, shows a shift in the memory industry that had been coming for years: Yangtze Memory Technologies, the Chinese NAND flash maker, rose…
Microsoft Retires Copilot Features and Mascot in a Rare Product Retreat
The mascot had a ten-month run: a round, purple creature named Mico that Microsoft introduced to give its AI assistant a face. On Aug. 13, the company said Mico is…
‘Big Short’ Investor Eisman Warns AI Boom Rests on Two Private Companies
Steve Eisman made his name betting against subprime mortgages before the 2008 financial crisis, a trade chronicled in the book and film “The Big Short.” On Aug. 13, he turned…
