Einride Orders 500 Tesla Semis in Largest Electric Truck Deal
Einride, the Swedish company that sells electric trucking as a service, said it will buy 500 Tesla Semis for its North American fleet, the largest deployment of the electric heavy…
Higgsfield Raises $400 Million as AI Video Ads Catch On
Higgsfield, a startup that generates advertising video from text prompts, said on Aug. 17 it closed a $400 million Series B round led by DST Global, valuing the company at…
AI Chip and Storage Stocks Slide as Treasury Yields Hit 19-Year High
The mood that lifted AI hardware stocks on Monday vanished by Tuesday’s premarket session. Nvidia fell about 2%, Marvell dropped more than 6%, and storage makers SanDisk and Micron declined…
Nebius Swaps Gas Turbines for Fuel Cells at 300-Megawatt Data Center
Nebius, the AI cloud company, said on Aug. 17 that its 300-megawatt data center in New Jersey will run on Bloom Energy fuel cells instead of gas turbines, a switch…
NASA Opens $100 Million Contract to Four Companies, SpaceX Left Out
NASA has chosen four companies, All Points Logistics, Blue Origin, Firefly Aerospace, and L3Harris, to compete for a $100 million contract covering the handling of spacecraft and rocket hardware, the…
Spotify Founder’s Neko Health Opens First U.S. Clinic in New York
The full-body scanner that has screened tens of thousands of patients in Europe arrives in New York this week. Neko Health, the health startup founded by Spotify creator Daniel Ek,…
Alphabet Plans First Australian Bond Sale of A$5 Billion
SYDNEY — Bond desks across Sydney were still setting up for the week when the mandate landed: Alphabet, the parent of Google, wants to borrow in Australian dollars for the…
Anthropic’s Q2 Revenue Jumps 14-Fold Ahead of a Blockbuster IPO
SAN FRANCISCO — The filing landed with the Securities and Exchange Commission in June, wrapped in the confidentiality that American law grants companies preparing to go public. The number inside…
SK Group Chairman Fights 944 Billion Won Divorce Ruling
SEOUL — Chey Tae-won, the chairman of SK Group, has spent years fighting two battles at once: one to keep his conglomerate atop South Korea’s corporate order, the other to…
SpaceX Closes $60 Billion All-Stock Deal for Cursor
CAPE CANAVERAL, Fla. — The merger agreement was signed in June, priced in shares rather than cash, and on Thursday the paperwork landed with regulators: SpaceX has completed its acquisition…
