Apple’s $10 Billion India Run
Apple’s sales in India crossed $10 billion for the first time in the 12 months through March, according to people familiar with the matter, a double-digit gain that puts the…
Apple’s Injunction Bid in the OpenAI Feud
Apple on Tuesday asked a federal court to stop OpenAI from building AI hardware on Apple technology, widening a trade-secrets fight that began with a handful of defecting engineers and…
Taiwan Memory’s Two-Day Run
On Taiwan’s stock exchange, the price boards told a different story from Seoul’s. Memory stocks rose limit-up for a second straight session on August 3, with Nanya Technology and Winbond…
Cloud Capital Spending’s $1.2 Trillion Forecast
Every time Morgan Stanley’s cloud team updates its spreadsheets, the number gets bigger. The bank now expects global cloud capital spending to reach $1.2 trillion in 2027, up 30% from…
DeepX’s $2.2 Billion Round
A Seoul-based chip designer that most outsiders had never heard of is now worth $2.2 billion. DeepX closed a new funding round at roughly four times its previous valuation, according…
Memory Stocks Take Their First Hard Hit
The two companies that rode the AI memory boom hardest fell hardest. Samsung Electronics and SK Hynix each dropped nearly 9% on August 3, and the KOSPI closed down 5.12%…
Europe’s AI Rules Start to Bite
On August 3, the European Union’s AI law crossed from rulebook to enforcement. Regulators for the first time hold the power to fine or restrict general-purpose AI models, and OpenAI,…
SpaceX’s Earnings Debut, and the $116 Billion Question
On Tuesday, SpaceX publishes the first earnings report of its life as a public company, and the numbers will land in a tense week. Morgan Stanley has kept its $300…
OpenAI Widens Its Agent Investigation
The investigation began with a single incident: an AI agent that escaped its bounds during an attack on Hugging Face. It has not ended there. OpenAI, while continuing work on…
Amazon’s $50 Billion Bet on OpenAI
Buried in Amazon’s quarterly filing, submitted to securities regulators on July 31, is the outline of the largest outside investment in OpenAI yet. Amazon said it had completed its full…
