Amex GBT Agrees to $6.3 Billion Take-Private by Long Lake
Four years after riding a blank-check boom onto the New York Stock Exchange, the world’s largest corporate travel company is heading back into private hands. Long Lake Management agreed to…
Microsoft’s Eight-Month Fix for a Copilot Flaw Renews Security Questions
Microsoft said Wednesday it has patched a critical vulnerability in its Copilot AI assistant, a flaw that security researchers first reported privately eight months ago. The bug, dubbed CoSnitch, could…
Cerebras Bets Inference Can Be 30 Times Faster Without the Switches
Cerebras Systems said Wednesday it has built a new generation of its AI server, the CS-4, that eliminates the switching fabric connecting chips and claims the design makes AI inference…
Etched Doubles Its Valuation to $21 Billion as Investors Bet on a Niche Bet
Etched, a startup that makes chips specifically designed to run artificial-intelligence models, said Tuesday it has closed a $700 million funding round that values the company at $21 billion, double…
Wall Street Starts Pricing a Tesla-SpaceX Union, One Rocket at a Time
The roadster has been delayed so often that its launch date has become a joke in car circles, but a former Tesla president said Wednesday that the delays are not…
Nebius Plans $4.5 Billion Convertible Sale to Keep Pace in AI Cloud Race
Nebius Group said Wednesday it plans to raise $4.5 billion through a private placement of convertible senior notes, money it will use to build data centers and expand its AI…
Marvell Hands Google $12.2 Billion in Warrants in Custom-Chip Pact
Marvell Technology said Wednesday it will issue warrants to Google giving the search giant the right to buy about $12.2 billion of Marvell stock, roughly 7% of the company, as…
SK Hynix Unveils $28.6 Billion Buyback as AI Memory Boom Faces a Test
The announcement landed at 8 a.m. in Seoul, before the market opened, and for a few hours it worked. SK Hynix said Wednesday it would buy back and cancel about…
Anthropic’s Revenue Tops OpenAI’s as the AI Rivalry Tilts
Anthropic’s second-quarter revenue reached roughly $11.5 billion to $12 billion, according to a Wall Street Journal review of financial documents, surpassing OpenAI’s $6.7 billion in the same period for the…
Anthropic Plots Super-Voting Shares to Shield Founders Ahead of IPO
Anthropic plans to grant its chief executive, Dario Amodei, and the company’s other co-founders a class of shares with outsized voting power, according to two people familiar with the matter,…
