Cathie Wood Adds Broadcom and Cerebras, Trims AMD and CrowdStrike
The daily disclosure file showed the shift before the market opened: ARK Invest funds had bought more Broadcom and Cerebras, and trimmed positions in AMD and CrowdStrike. The trades, disclosed…
Meta’s $17 Billion Settlement With 29 States
The papers landed at state attorneys general offices around the same time the afternoon news cycle turned to back-to-school. After more than a year of closed-door negotiations, Meta Platforms agreed…
SpaceX’s $100 Billion Bet on the Louisiana Coast
The gravel roads around Pecan Island, a low strip of marsh and fishing camps on Louisiana’s Gulf Coast, usually lead to boats, not rockets. On Aug. 25, they led to…
AWS Acquires DuckLabs, the Company Behind DuckDB
On Aug. 26, Amazon’s cloud unit announced it has acquired DuckLabs, the Amsterdam-based company behind DuckDB, the open-source analytics database that has become one of the most popular tools in…
Samsung Foundry Begins Mass Production of Nvidia’s Groq 3 LPX
On Aug. 25, Samsung Electronics said its foundry division has begun full-scale production of the Groq 3 LPX, an inference chip Nvidia designed for AI workloads, a contract win that…
TSMC Tilts Advanced Packaging Capacity Toward AMD
TSMC is reallocating capacity at its CoWoS advanced-packaging lines, giving AMD a larger share of the industry’s most sought-after AI packaging resource while trimming the allotment reserved for Nvidia, according…
Anthropic Closes San Francisco Office on Strike Warning
On Aug. 25, Anthropic told employees at its San Francisco headquarters to work from home after receiving notice that its security team could strike, an abrupt reminder of how quickly…
IBM Completes Acquisition of HRL Laboratories
On Aug. 26, IBM said it has completed its acquisition of HRL Laboratories, the research institution jointly owned by Boeing and General Motors, adding a storied name in quantum computing,…
Robot Startup Generalist Raises $200 Million at $3 Billion Valuation
On Aug. 26, Generalist, a robotics startup building foundation models for machines, said it has raised about $200 million in an extension of its Series B round, led by venture…
Tesla Raises Cybertruck Prices by $5,000
Tesla has increased the price of both versions of the Cybertruck by $5,000, Reuters reported on Aug. 25, a move that pushes the angular pickup deeper into luxury territory even…
