Waymo Weighs Exit From Uber Partnership
The notice arrived in late July, and it was polite but unambiguous: Waymo told Uber it intends to operate independently in Austin and Atlanta starting in January 2028, when the…
Intel Pulls 14A Manufacturing Forward a Year
On the same earnings call where Intel reported its fastest revenue growth in 15 years, executives delivered another piece of news that has been years in the making: the company’s…
BlackRock Raises $12.3 Billion for Meta’s Data Centers
BlackRock’s capital markets unit launched a $12.3 billion bond sale on July 24 to finance Meta’s data center buildout, one of the largest single financing packages for data center infrastructure…
Singapore’s GIC Piles Into Anthropic at $900 Billion Valuation
Singapore’s sovereign wealth fund GIC has invested in Anthropic three times in the past year, backing the AI company at a valuation that has climbed to S$1.2 trillion, about $900…
Tariffs on 60 Economies Send Global Markets Lower
The new round of tariffs took effect on July 24, and the world’s markets moved in unison: down. Brent crude climbed past $100 a barrel. The Dow Jones Industrial Average…
Meta Quits RE100, Turns to Gas for AI Power
Meta has left RE100, the global coalition of companies pledged to buy only renewable electricity, and plans to build a 7.5-gigawatt natural gas power facility in Louisiana to feed its…
Tesla’s AI Spending Spree Cuts Deep Into Profits
Tesla’s second-quarter report had a headline number investors did not want to see: free cash flow of negative $1.1 billion. Revenue reached a record, but profit fell well short of…
EU Fines Google $1 Billion in First DMA Enforcement
The European Commission fined Google about 890 million euros, roughly $1 billion, for favoring its own services in Google Play and in search results, the first financial penalty issued under…
Nvidia Bets $1.5 Billion on U.S. Chip Packaging
Nvidia said it has signed a $1.5 billion advanced-packaging agreement with Amkor Technology, a move to expand its ability to package AI chips in the United States and reduce its…
Intel Posts Fastest Revenue Growth in 15 Years
Intel’s finance team had a number it had waited a decade and a half to report. Second-quarter revenue came in at $16.1 billion, up 39 percent from a year earlier,…
