SpaceX Buys National Airwaves and Rattles the Phone Giants
The announcement was short, the reaction swift. On Wednesday, SpaceX said it had agreed to buy a nationwide block of spectrum from Grain Management, a digital-infrastructure investor, and the shares…
The AI Debt Pile Grows to $150 Billion and Counting
The queue for borrowed money got longer this week, and the names in it told the story. SpaceX, Broadcom and Oracle all moved within days of one another, each raising…
A Parts Maker With Nothing Left to Sell Until 2029
Michael Hurlston delivered the news from Tokyo on Friday with the cheerful tone of a chief executive who has a problem most of his peers would envy. Lumentum Holdings, the…
An AI Drug Startup Files to Go Public, With Nvidia on the Cap Table
Iambic Therapeutics, a San Diego company that uses artificial intelligence to design medicines, registered for a US initial public offering this week, in one of the first tests of whether…
A $20 Billion Gap, a Chip Selloff, and a Footnote About Accounting
The number landed Thursday and sent a jolt through the AI trade. OpenAI told investors its annualized revenue was approaching $50 billion at the end of September, about $20 billion…
Apple Hands Its Deal-Making to a Longtime Deputy
For more than a decade, the executive Apple turned to when it wanted to buy a company was Adrian Perica. That arrangement quietly changed this week, when the company told…
OpenAI Adds a Cheaper, Faster Tier to Its Flagship Model
The competition in artificial intelligence has shifted. It is no longer only about who builds the biggest model. It is about who can sell a model cheap enough and fast…
Nvidia-Backed Firmus Turns to Private Money After Dropping Its IPO
The listing was meant to test how much Australian investors would pay for the country’s AI-infrastructure boom. It ended before it really began. Now the company at the center of…
Nvidia May Turn to Intel for Chip Packaging by 2028
Intel’s foundry has spent years chasing a customer whose name would settle the question of whether the business can compete. A report this week holds out that customer, in the…
Schneider Electric Bets $22.6 Billion on the Software Above the Factory Floor
Schneider Electric agreed to buy PTC, the American industrial-software maker, for $205 a share in cash, a deal that values the company’s equity at about $22.6 billion. The price is…
