Elon Musk Loses $130 Billion in Five Days, Calls Himself a ‘Former Trillionaire’
The post went up on his social platform late in the week, in the jokey register he uses when the news is bad: a reference to himself as a “trillionaire,”…
Apple Restores Services After Outage Hits App Store and Music
The green dots returned to Apple’s system status page late on July 27, one by one, as engineers confirmed what users had been waiting hours to hear: the App Store…
OpenAI Picks Dublin for Its European Union Headquarters
The announcement landed quietly, tucked into a corporate statement rather than a stage event: OpenAI will establish its European Union headquarters in Ireland and add 250 jobs over the next…
Goldman Sachs Tells Clients the Old Investment Rules Are Dead
For most of the last four decades, the arithmetic of investing was almost boringly dependable. Buy the dips. Trust the multiples. Assume rates drift lower. Add a few index funds,…
Two Former VW Engineers Charged Over Rivian Insider Trading
The trades were placed quietly, in accounts that did not attract immediate attention, but their timing was too precise to be coincidence. The U.S. Department of Justice has charged two…
Hoffman and Pincus Found AI Lab Prentis With $100 Million in Sight
The founding team reads like a roll call of the internet’s first social era. Reid Hoffman, the LinkedIn co-founder who became one of artificial intelligence’s most visible investors, and Mark…
Musk’s Boring Company Seeks $4 Billion at $20 Billion Valuation
The valuation has grown nearly fourfold in four years, and the pitch to investors has not fundamentally changed: dig tunnels, move cars underground, and build a transit network one city…
Meta Shares Down Nearly 10% This Year as Q2 Report Approaches
The stock chart tells the story of the year so far: Meta Platforms shares have fallen almost 10 percent since January, a slide that has left the company trailing most…
Apple’s Foldable iPhone Nears Production as Samsung Readies a Counter
The panels are already in production. According to supply chain reports carried by Yahoo Finance, Apple’s first foldable iPhone is close to mass production, with a launch possible within months.…
Samsung’s Lee Meets Altman as AI Memory Race Tightens
The meeting was brief, and the agenda was described in the thinnest of terms: cooperation in artificial intelligence and semiconductors. But when Samsung Electronics Chairman Lee Jae-yong sat down with…
