Google Agrees to Pay 260 Million Pounds to Settle U.K. App Developer Lawsuit
Google has agreed to pay 260 million pounds, about $354 million, to settle a British class action accusing the company of abusing its market position by charging app developers excessive…
Judge Rules Pentagon’s Designation of Anthropic Unlawful, Clearing Path to IPO
Late on Aug. 27, U.S. District Judge Rita Lin ruled that the Trump administration’s decision to label Anthropic a “supply chain risk” was unlawful, saying Defense Secretary Pete Hegseth’s designation…
Intel Completes Roughly $20 Billion Share Sale to Fund AI Chip Push
Intel said it had completed an equity offering of about $20 billion to $23 billion, one of the largest in the company’s history, to fund AI chip capacity and its…
Apple Raises TV+ Price to $14.99 a Month, Joining Streaming’s Inflation Wave
Apple raised the U.S. price of Apple TV+ from $9.99 to $14.99 a month on Aug. 28, effective immediately, and increased the cost of its Apple One bundles as well.…
a16z Raises $1.1 Billion Fund for the ‘Machine Age’ of AI Hardware
Andreessen Horowitz announced on Aug. 28 that it has raised an $1.1 billion fund dedicated to what it calls the Machine Age: physical infrastructure for artificial intelligence. The fund will…
Micron to Spend $10 Billion on AI Research Lab as Trump Praises Memory Maker
Micron Technology said it will invest $10 billion in an artificial intelligence research laboratory in Boise, Idaho, its home city, and President Donald Trump on the evening of Aug. 27…
Trump Discloses Nvidia Stake Above $100 Million as He Praises Chip Earnings
President Donald Trump holds more than $100 million in Nvidia stock, according to public disclosures, and he praised the chip maker’s quarterly results on Aug. 28, calling the numbers “incredible.”…
Samsung and SK Hynix Lead 10 Trillion Won Buyback Wave to Prop Up KOSPI
South Korea’s chip giants are buying their own stock at a pace rarely seen, with Samsung Electronics and SK Hynix leading a wave of share repurchases totaling about 10 trillion…
Apple Sets Sept. 9 Event as New CEO Ternus Takes the Stage
The invitation went out Tuesday afternoon, the familiar typography and the cryptic tagline: “Surprise and Shine,” with a date, Sept. 9, and a venue in Cupertino. For Apple Inc., it…
Nvidia Profit Doubles on AI Chips, With More Growth Pledged
The stock dropped in the first minutes after the close, then turned around and climbed. Nvidia Corp. reported revenue of $96.2 billion for the quarter ended July 26, up 106…
