Lyft to Pay $272.5 Million to Settle California Driver Case
For four years, Lyft treated the people who drove for its ride-hailing service as independent contractors rather than employees. On Wednesday, the company finally attached a number to that decision:…
SoftBank Makes Its Final $10 Billion Payment to OpenAI
SoftBank Group said on October 1 that it had delivered the third and final $10 billion installment of its investment in OpenAI, completing a $30 billion commitment it made in…
Nvidia’s $500 Billion Chip Loan Runs Into a Collateral Fight
The disagreement comes down to a simple question: how long does a graphics processing unit keep earning money? Nvidia says its top processors can generate returns for a decade. Banks…
Amazon Moves $8 Billion of Nvidia Chips Off Its Balance Sheet
The newest and most expensive computer chips inside Amazon’s data centers are about to stop appearing on the company’s own books. Amazon plans to move thousands of Nvidia Grace Blackwell…
Paramount Hands Mattel’s Kreiz the Job of Putting It Back Together
The clearest line on Ynon Kreiz’s résumé is a doll. As chairman and chief executive of Mattel, he took Barbie, a plastic toy more than six decades old, and turned…
SoftBank Closes Its $3.1 Billion Takeover of DigitalBridge
SoftBank Group finished the deal it announced a year ago, closing its acquisition of DigitalBridge, the digital infrastructure investment manager, on Sept. 30. The purchase valued the company’s common stock…
A Fight in the Cockpit Diverts a Dubai-Tel Aviv Flight to Saudi Arabia
Flight FZ1073 pushed back from Dubai at 7:05 a.m. local time on Wednesday, a Boeing 737 MAX 8 registered A6-FKF, bound for Tel Aviv with roughly 180 people on board,…
An 87-Year-Old Eviction in Madrid Sets Off Spain’s Housing Protest
María del Carmen Abascal Martín left her apartment in Madrid’s Retiro neighborhood on a stretcher last Wednesday. She had lived there for decades. Her father first rented the property in…
Micron Reports After the Close With a $50 Billion Quarter in View
Micron Technology reports fiscal fourth-quarter results after the market closes on Tuesday, and the figure investors expect would have been unthinkable a year ago. Analysts expect revenue of roughly $50.75…
AI Firms and a Union Form a Coalition to Defend Data Center Growth
Artificial intelligence companies, private equity firms and a building-trades union have joined a multi-million-dollar lobbying coalition to make the public case for data center construction, the Financial Times reported on…
