Microsoft Puts a Number on Azure
For more than a decade, the biggest unresolved arithmetic in technology earnings belonged to Microsoft. Investors knew how fast Azure grew. They did not know how big it was. Every…
KEPCO Asks Samsung and SK Hynix to Prepay $18 Billion for the Grid
The proposal is now sitting with two of South Korea’s most valuable companies. Korea Electric Power Corp., the state-owned utility known as KEPCO, has asked Samsung Electronics to prepay 20…
Nscale Discloses $103 Billion in Contracted Revenue, With an IPO Possible This Month
Nscale, the British cloud-computing provider backed by Nvidia, has told prospective investors that its contracted revenue has grown to about $103 billion, according to people familiar with the matter, and…
Meta Tells Engineers AI Usage Won’t Decide Their Ratings
Meta Platforms has told its engineers that how much they use artificial intelligence will no longer determine how they are rated. In an internal memo this week updating expectations for…
Wonderful Doubles Its Valuation to $5 Billion, With Salesforce a New Backer
The announcement landed Wednesday from a company that did not exist two years ago. Wonderful, an Israeli-Dutch startup that builds software to coordinate artificial intelligence agents inside large companies, said…
Nvidia Director Mark Stevens Sells $411 Million of Stock Over Three Days
The filing appeared in the usual place, and it was larger than most. Mark A. Stevens, a director of Nvidia since 2008, sold 1,848,500 shares of the chipmaker’s common stock…
Abu Dhabi’s G42 Sounds Out Investors for Billions in New Capital
The conversations are exploratory, and the people describing them asked not to be named because the talks are confidential. G42, the Abu Dhabi-based artificial intelligence group, has held tentative discussions…
Snowflake’s AI Assistants Accelerate Growth, and the Stock Jumps 23%
On an earnings call full of talk about models and agents, the number that moved Snowflake’s stock was a count of customer accounts. The company said its AI coding assistant,…
Micron’s Taiwan Unions Threaten Strike Over Profit Sharing
Two unions representing about 10,000 of the roughly 15,000 workers at Micron Technology’s plants in Taiwan say they will put a strike to a vote unless the company rebuilds its…
ECB Warns U.S. Tech Giants’ AI Borrowing Could Strain Euro Markets
The euro-area corporate bond market has acquired a new class of regular customer: American technology companies borrowing to pay for artificial-intelligence infrastructure. In a blog post on Sept. 2, the…
