Intel Completes Roughly $20 Billion Share Sale to Fund AI Chip Push
Intel said it had completed an equity offering of about $20 billion to $23 billion, one of the largest in the company’s history, to fund AI chip capacity and its…
Judge Rules Pentagon’s Designation of Anthropic Unlawful, Clearing Path to IPO
Late on Aug. 27, U.S. District Judge Rita Lin ruled that the Trump administration’s decision to label Anthropic a “supply chain risk” was unlawful, saying Defense Secretary Pete Hegseth’s designation…
Google Agrees to Pay 260 Million Pounds to Settle U.K. App Developer Lawsuit
Google has agreed to pay 260 million pounds, about $354 million, to settle a British class action accusing the company of abusing its market position by charging app developers excessive…
SK Hynix Breaks Ground on First U.S. HBM Packaging Plant in Indiana
SK Hynix held a groundbreaking ceremony on Aug. 27 for its first U.S. high-bandwidth memory packaging plant, a facility in West Lafayette, Indiana, that will cost more than $4 billion…
Marvell Posts Record Revenue but Shares Fall on Chip-Timing Worry
Marvell Technology reported record quarterly revenue on Aug. 28, beating analyst estimates, then watched its shares fall 7.6% in after-hours trading as investors focused on a single line in the…
SoftBank Seeks $10 Billion Loan to Refinance Its OpenAI Bet
SoftBank Group is in talks to borrow $10 billion for two years to refinance debt it took on to fund its investment in OpenAI, according to people familiar with the…
Cathie Wood Adds Broadcom and Cerebras, Trims AMD and CrowdStrike
The daily disclosure file showed the shift before the market opened: ARK Invest funds had bought more Broadcom and Cerebras, and trimmed positions in AMD and CrowdStrike. The trades, disclosed…
Activist Fund Bids 45% Premium for Samsung’s Stake in Security Firm S-1
The offer arrived with a premium attached and a message implicit in the arithmetic. Flashlight Capital Partners, an activist investment firm, has proposed buying Samsung Group’s entire 20.6 percent stake…
Waymo to Launch Robotaxi Service in Munich in 2027
The first Waymo vehicles will appear on Munich’s streets in the coming weeks, at first with trained drivers at the wheel, mapping the city’s roads and testing its traffic patterns.…
AI Assistant Startup Instinct Raises $350 Million, Valued at $2.5 Billion
Noah Shinn was 23 when he founded Instinct last year, an AI assistant startup with a pitch that sounds simple and a valuation that does not: an agent that manages…
