OpenAI Nears a $30 Billion Raise at a $1.25 Trillion Valuation
OpenAI is close to finishing a funding round of as much as $30 billion at a pre-money valuation of $1.25 trillion, according to people familiar with the matter, with investors…
SK Hynix Drops a $10 Billion Listing for Solidigm
SK Hynix’s board decided on Oct. 22 to abandon a US listing of its Solidigm subsidiary that could have raised about $10 billion, and halted the pre-IPO financing that was…
SpaceX in Talks for 80,000 U.S. Ground Sites to Build a Mobile Network
The three national wireless carriers have spent years telling investors that a fourth network in the United States is close to economically impossible. This week the market started pricing the…
Gene-Edited Working Dogs Draw $200 Million and a $1.2 Billion Valuation
The dogs themselves are not the asset yet. The asset is a set of frozen cell lines, drawn from Belgian Malinois and German shepherds, catalogued in a biobank and waiting…
Bloom Energy Lifts Outlook as Data Centers Absorb Its Output
For most of the summer, investors in Bloom Energy asked the same question on every call and in every hallway conversation: what happens to revenue when Nebius stops being most…
Unilever Sells Bandage Brand Welly to Forward Consumer Partners
The bandages Welly sells come in illustrated tins, priced above the store brand and stacked in the first-aid aisle as though they were greeting cards. That packaging won the brand…
American Buyers Work Through Germany’s Hidden Champions
EBM-Papst makes fans. The company’s motors move air through hospital ventilation systems, supermarket refrigeration cases and data-center racks, and it has done so from the small Baden-Wurttemberg town of Mulfingen…
TS Lombard Puts a Date on the End of the AI Build-Out
Wall Street has spent two years arguing about whether the spending on artificial intelligence is a bubble. Dario Perkins skipped that argument and wrote down a date. In a research…
A Bezos Son Says the Allowance Stopped
The number is what made the story travel. Five hundred thousand dollars a month, six million a year, paid by a father whose fortune is measured in the hundreds of…
Norway’s Oil Fund Loses $29.7 Billion as Bonds Slip
Norway’s sovereign wealth fund reports in kroner, in a modest office in Oslo, to a central bank that answers to parliament. On Thursday morning it delivered the kind of number…
