Nvidia Puts $3.5 Billion Into MediaTek Convertibles
The first batch of RTX Spark laptops sold out within days. ASUS and MSI units were snapped up in preorders, and both makers scrambled to place follow-on orders with their…
Anthropic’s Fundraising Swells Past SpaceX’s $86 Billion Haul
The term sheet was already enormous. Then it got bigger. Anthropic’s latest fundraising round will raise more than the $86 billion SpaceX collected in its stock market debut earlier this…
Tim Cook’s Final Day Hands Apple to John Ternus
Tim Cook spent his last day as Apple’s chief executive the way he spent so many of the previous fifteen years: on the move, in meetings, doing the work. He…
Cloud Giants Capture Nearly Half of AI Revenue, Barclays Says
For every $100 an AI model company collects, roughly $35 to $40 flows out the door to Amazon, Microsoft and Google. That is the arithmetic at the center of a…
SK Hynix CEO Sees Memory Shortage Running to 2030
In the cleanrooms where SK Hynix etches memory chips, the machines are running flat out, and the chief executive says they will be for years. Kwak Noh-jung, who runs the…
Apple to Pay $250 Million to Settle Siri Advertising Claims
The advertisements were among the most polished Apple ever produced: a woman asking her phone to start a timer, a host asking Siri to queue up a recipe, a traveler…
SB Energy Dangles $5.5 Billion in Warrants to Keep OpenAI as a Tenant
The filing reads less like an IPO prospectus and more like a courtship document. In the draft registration statement SB Energy submitted for its planned stock market debut, the SoftBank-owned…
Italian Buyout Firm Nextalia Closes 1.1 Billion Euros, Shunning the AI Crowd
The fundraising memo made no mention of artificial intelligence. For Nextalia, the Milan-based private equity firm, that was the point. The firm said this month that its second flagship buyout…
Oracle Prepares Another Round of Job Cuts
Oracle has drafted a new round of layoffs that could remove a double-digit percentage of its workforce, according to people familiar with the matter, with employees bracing for announcements around…
Lambda Raises $1 Billion in Debt for Nvidia Chips
Lambda, an AI cloud company that rents out Nvidia’s chips, has completed a $1 billion private short-term debt financing arranged by JPMorgan, according to people familiar with the matter. Bloomberg…
