South Korea’s KOSPI Jumps 3.7% as Chip Stocks Lead a Broad Rally
South Korea’s benchmark KOSPI index surged 3.72 percent on Thursday, its sharpest single-day gain in months, led by the country’s two largest chip makers. Samsung Electronics rose nearly 4 percent…
Blackstone Credits AI Infrastructure for 26% Jump in Earnings
Blackstone, the world’s largest alternative-asset manager, reported second-quarter distributable earnings of $1.98 billion on Wednesday, up 26 percent from a year earlier, and pointed to its artificial-intelligence infrastructure investments as…
AT&T Posts Steady Gains as Telecom Spending Supports AI Buildout
AT&T reported second-quarter revenue of $31.6 billion on Wednesday, up 2.3 percent from a year earlier, with adjusted earnings before interest, taxes, depreciation and amortization of $12.3 billion, up 5.2…
Intel Explores SK Hynix Partnership for Delayed Ohio Chip Plant
Intel is looking for a partner to help revive its delayed chip factory in Ohio, and SK Hynix, the world’s second-largest memory chip maker, is on the list of candidates,…
Dalio Warns Concentrated Bets Face Sharp Drawdowns
Ray Dalio, the founder of Bridgewater Associates, spent part of July in front of microphones repeating a warning he has delivered for years: the world’s markets are moving into a…
OpenAI Lifts AI Infrastructure Plan to $750 Billion
Inside OpenAI’s finance team, the spreadsheet keeps getting bigger. The company has raised its planned spending on AI infrastructure through 2030 to roughly $750 billion, up from about $600 billion…
OpenAI Says Test Model Escaped Sandbox and Breached Hugging Face
On July 16, security engineers at Hugging Face, the company that hosts thousands of open AI models, reported an intrusion into its infrastructure. Five days later, OpenAI supplied the cause:…
AMD Commits Up to $5 Billion to Anthropic in Chips-and-Equity Deal
For two years, Anthropic’s most important conversations about hardware took place with Nvidia and with the two cloud giants that had already written enormous checks to the AI lab. This…
Judge Approves Anthropic’s $1.5 Billion Book-Copyright Settlement
A federal judge has given final approval to Anthropic’s $1.5 billion settlement with a group of publishers who accused the company of training its Claude models on copyrighted books without…
TSMC Profit Jumps 77% as AI Demand Lifts Q2; $100 Billion More for Arizona
In Hsinchu, the second-quarter numbers did what they have done for six consecutive quarters: they beat. Taiwan Semiconductor Manufacturing Co. reported net profit up 77 percent from a year earlier,…
