Tesla Starts Mass Production of Megapack 3 Storage Units
The first units were rolling off the line this week, and for Tesla’s energy division the moment was a long time coming. Megapack 3, the company’s next-generation grid-scale storage product,…
Microsoft’s AI Revenue Rides on OpenAI, New Filing Shows
The number had been the subject of months of investor guessing, and a new regulatory filing finally supplied it: about $24 billion. That is what Microsoft booked from OpenAI over…
Nvidia, Ooredoo and Nokia to Build 1-Gigawatt AI Platform in Indonesia
The announcement from Ooredoo came with a number that has become the new unit of ambition in the global AI race: one gigawatt. The Qatari telecommunications group said it will…
Memory Shortage Reaches Consumers: Graphics Cards Up 20%, Qualcomm Next
MSI’s price bulletins went out this week, and the numbers were blunt: graphics cards up more than 20%, with the company blaming the cost of memory. The move followed ASUS…
Jeff Dean Leaves Google to Found Discovery Loop
Google’s shares fell 4% on Tuesday, wiping out about $186 billion in market value, after the company said Jeff Dean, the engineer who helped build its artificial-intelligence program, would leave…
Tech ETFs Drew $19 Billion in July Even as Chip Stocks Tumbled
On the last Friday of July, the joke on Wall Street trading desks was that the market had decided to sell its semiconductors and buy ketchup. The Nasdaq Composite had…
For AI Stocks, Beating Estimates No Longer Enough
Palantir’s shares jumped 29% on Tuesday, a day after the software company reported quarterly revenue up 93% and raised its full-year forecast by $500 million. Hours earlier, AMD had reported…
Anthropic Pushes Toward IPO as Early as October
The banks running Anthropic’s planned listing have begun arranging meetings between the company’s executives and potential investors, according to people familiar with the matter, a sign that the maker of…
Palantir’s Revenue Jumps 93% as AI Demand Accelerates
Palantir Technologies shares rose as much as 16% in pre-market trading Wednesday, extending a 29% surge from the previous session after the company reported its fastest revenue growth on record…
Bezos Sells Amazon Shares in First Disposal of the Year
Jeff Bezos sold nearly $350 million worth of Amazon.com stock this week, his first sale of the company’s shares this year, according to a Form 4 filing submitted to the…
