ON Semi’s $7 Billion Bet on the Physical World
The announcement landed on a Thursday morning from Scottsdale, Arizona, and it was the largest deal ON Semiconductor had ever done. The chipmaker, known to investors as ON Semi, agreed…
South Korea Puts $550 Billion Behind Its Memory Makers
The televised address came on a Monday, and the president of South Korea, Lee Jae-myung, used it to declare 2026 the year the country would establish itself as an irreplaceable…
Broadcom’s AI Numbers Look Great, and the Stock Falls Anyway
The earnings report had the numbers investors once paid anything for. Broadcom said revenue in its fiscal second quarter reached $22.2 billion, up 48 percent from a year earlier, and…
Cursor Puts an Eye on Your Coding Agent, From Your Phone
The developer was on a train between London and Manchester, and the build was failing. The error log scrolled across his phone, delivered by the same AI coding tool that…
TIDAL Cuts Off AI Music From the Royalty Stream
The producer had been making music for eight months with tools that generated complete songs from text prompts, and the process had become routine: type a description, wait a minute,…
AirTrunk Pledges $30 Billion to Make India an AI Powerhouse
The meeting in New Delhi was brief, and the announcement that followed was anything but. Robin Khuda, the chief executive of AirTrunk, the Australian data-center operator backed by Blackstone, met…
Micron’s $100 Billion Order Book Rewrites Memory Math
The earnings call on June 24 had the kind of numbers that used to belong to software companies, not chipmakers. Micron Technology reported revenue of $41.5 billion for its fiscal…
U.S. Set to Restore Foreign Access to Anthropic’s Fable 5
The export-control order landed on a Friday in June with little warning. U.S. officials told Anthropic to cut off foreign access to its two newest models, Fable 5 and Mythos…
OpenAI Opens Limited Preview of GPT-5.6 Line
OpenAI on June 27 opened a limited preview of its next model family, GPT-5.6, offering customers a first look at three models aimed at different parts of the market: Sol,…
Heat Waves Push Data Centers to the Brink
Patrick McBride spent the week watching thermometers the way other underwriters watch balance sheets. McBride, who runs international building-construction insurance at Zurich, said extreme weather has become the leading cause…
