Microsoft Trims China Consumer Business, Keeps AI Door Open
Microsoft is scaling back its consumer business in China but keeping a window open for AI, Reuters reported on Aug. 13, citing people familiar with the company’s plans. The move…
Meta Faces First State Trial Over Teen Social Media Harms
In a federal courtroom in Oakland, prospective jurors were asked on Wednesday about their own scrolling habits, their children’s use of social media, and whether they could set aside strong…
SpaceX Weathers First Lockup Test as Starlink Reaches Vietnam
On Aug. 6, more than 911 million SpaceX shares came out of their first lockup, roughly doubling the number of shares available to trade in a single session. By every…
Anthropic Prepares for October IPO as Investors Float $2 Trillion Value
In the past week, Anthropic’s investors have been making their case to anyone who will listen: the maker of the Claude AI models is worth $2 trillion. The Financial Times…
Cerebras Hardware Sales Slide as Cloud Revenue Soars
Cerebras Systems, the chip company that has spent years positioning itself as the challenger to Nvidia, reported quarterly results on Wednesday evening that showed its business moving in two directions…
Coherent Posts Record Year as Optical Sales Surge
Jim Anderson, the chief executive of Coherent, opened the company’s fiscal fourth-quarter call with a simple summary: a record year, significant margin expansion, and earnings growth that ran more than…
Armani Stake Sale Risks Missing Will’s Deadline
Giorgio Armani put a calendar in his will. The founder, who died in September 2025, instructed his heirs to sell 15% of the fashion group that bears his name within…
SpaceX Asks the FCC for More Spectrum to Grow Its Phone-Connecting Satellites
The company that beams internet from space wants more of the airwaves. SpaceX has filed with the Federal Communications Commission for additional spectrum to expand its Direct-to-Device satellite service, the…
SK Hynix Plans to Lift China NAND Output by 50% by 2027, Defying the Trade Winds
The memory maker at the center of the world’s semiconductor trade tensions is doubling down inside China. SK Hynix plans to raise NAND flash output at its Chinese facilities by…
Joby Buys a Defense Company for $5 Billion as Air Taxis Turn to the Military
Joby Aviation has spent more than a decade promising air taxis for the masses. On Monday it bought a defense contractor instead. The company said it will acquire Resonant Sciences,…
