AMD-Backed Upstage Weighs a Pre-IPO Round
Hwalsuk Lee was careful about the numbers he would not give. The co-founder and chief technology officer of Upstage, the South Korean AI startup backed by Advanced Micro Devices, said…
OpenAI’s Revenue Tilts Toward Business Clients
Sarah Friar described the reversal with a pair of numbers and no fanfare. At the start of the year, the OpenAI chief financial officer said, 60 percent of the company’s…
Boring Company Lands $3 Billion Round Led by UAE Money
The round valued a tunnel business at more than four times what it was worth four years ago, and the lead check came from the desert. The Boring Company, the…
SK Hynix Workers Reopen Pay Deal Over Bonus Split
The emergency assembly came together on short notice. SK Hynix’s labor union called a special meeting of its representatives on September 10 to explain a revised compensation proposal to its…
A European Space Startup Raises $450 Million to Build a Backup to SpaceX
For Europe’s space agencies and companies, getting anything into orbit has increasingly meant one phone call: to SpaceX. The European Space Agency, commercial satellite operators and even national governments have…
Washington Puts $1.9 Billion Behind a Restart of Iowa’s Only Nuclear Plant
Duane Arnold was supposed to be done. The 615-megawatt nuclear plant on the Cedar River in Iowa was shut down in 2020 after a powerful windstorm known as a derecho…
Uber Opens the Euro Bond Market for the First Time With a €4 Billion Deal
Uber has spent a decade borrowing almost entirely in dollars, funding its expansion the way it ran its business: fast and American. On Tuesday, the company did something it has…
Amazon Steps Into the Sterling Bond Market With a £4.25 Billion Debut
For years, Amazon financed its global build-out almost entirely in dollars. That changed on Tuesday, when the company tapped the London market for its first-ever sterling bond, joining a rush…
SoftBank Will Repay the Rest of Its $40 Billion OpenAI Bridge Loan Early
SoftBank Group has spent the year levering up one of the largest bets in its history, and on September 9 it laid out the next step in that chain: repaying…
Apple’s Foldable iPhone Arrives at a New CEO’s First Show
The invitation said “Surprise and Shine,” and for once the surprise was not much of a secret. Apple’s annual September event, held Tuesday at 1 p.m. Eastern, was expected to…
