Tesla Recalls 20,349 Vehicles Because Low Beams Are Too Bright
Tesla is recalling 20,349 vehicles in the U.S. because their low-beam headlights are too bright, a compliance issue that the National Highway Traffic Safety Administration confirmed in an announcement Tuesday.…
Bain Entity Becomes Kioxia’s Largest Shareholder as Toshiba Trims Stake
Kioxia Holdings said Monday that Toshiba had cut its stake in the memory chip maker to about 14.12% from 14.48% as of Aug. 3, a small sale that nonetheless redrew…
OpenAI Buys Back $7 Billion of Employee Stock at $852 Billion Valuation
OpenAI has repurchased roughly $7 billion of company stock from current and former employees, according to two people familiar with the matter, a move that gives insiders a payday while…
Anthropic, Bitcoin Miner Riot Strike $9.1 Billion AI-Compute Deal
Anthropic has agreed to a $9.1 billion deal with Riot Platforms, according to people familiar with the matter, the latest sign that AI labs are locking up computing capacity years…
Nvidia and Six Financial Giants Create $500 Billion AI-Compute Financing Platform
Nvidia on Tuesday said it has teamed up with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to create an independent platform that aims to raise more than $500 billion…
Intel Prices $20 Billion Stock Offering at $95 a Share
The pricing notice went out to investors late Tuesday morning: Intel Corp. would sell 210,526,315 shares of common stock at $95 apiece, pushing an offering announced a day earlier from…
BlackRock Takes Majority Stake in Meta’s El Paso Data Center
EL PASO, Texas–The data center rising in the desert outside El Paso has the scale of a small city: rows of buildings that will house tens of thousands of servers,…
iPhone 18 Pro’s Soaring Cost Tests Apple’s Pricing Power
CUPERTINO, Calif.–Inside Apple’s supply chain, the conversation this year has been about memory, and the numbers are stark. The bill of materials for the iPhone 18 Pro has risen 38…
Novo Nordisk and AWS Open AI Drug Discovery Hub in London
LONDON–The most expensive part of drug development is the beginning: screening millions of compounds, predicting how they will behave, and deciding which few deserve the decade and billions of dollars…
Hedge Fund Pours $400 Million Into Chip Startup
SAN FRANCISCO–The hedge fund Situational Awareness has made a career of unconventional bets, from trading strategies that shocked markets to positions that other funds avoided. On Aug. 9, it placed…
