Samsung SDI Plots $10.4 Billion Battery Push Through 2040
Samsung SDI’s home town of Ulsan, on Korea’s southeastern coast, is where the company’s battery story began, and the company now wants it to be where the next generation is…
Goldman Says Investors Are Shedding Big Tech for Semiconductors
The trade is showing up in options prices before it shows up in most portfolios. The cost of hedging a decline in the Invesco QQQ ETF, the exchange-traded fund that…
Jensen Huang’s Leather Jacket Goes to Auction at Sotheby’s
The black leather jacket is not a piece of clothing so much as a corporate symbol, the one garment the most valuable chip company’s chief executive has worn through two…
SoftBank Revives $10 Billion Loan Backed by OpenAI Stake
The loan talks fell apart this spring, and the reasons were familiar to anyone who has tried to borrow money against a private company. Banks could not agree on what…
Seoul Weighs 5 Trillion Won Windfall to Fund Homegrown AI Models
South Korea’s finance ministry is tallying an unexpected windfall from the semiconductor boom, and a growing faction of officials wants to spend part of it on artificial intelligence. The government…
Zuckerberg Tells Employees AI Agent Work Isn’t Moving Fast Enough
Mark Zuckerberg’s message to employees this week cut against the tone of Meta Platforms’ public AI push. In an internal meeting, the chief executive said the company’s AI agent development…
Blackstone’s Retail Fund Posts Best Month on Anthropic Stake
A letter that went out to investors in Blackstone’s flagship retail fund this month carried a figure the firm had never printed for the vehicle before. Class I shares of…
Together AI Raises $800 Million, Doubling Valuation to $8.3 Billion
The round, announced this week, is one of the largest in the AI infrastructure sector this year: Together AI has raised $800 million in Series E financing, lifting its valuation…
Microsoft Forms Standalone Company to Deploy AI Inside Enterprises
The plan, reported exclusively by TechCrunch and confirmed by people familiar with it, is a new structure for a familiar ambition: Microsoft has created a wholly owned subsidiary focused on…
A Tiny Nasdaq Company Reveals $386 Million in OpenAI and Crypto Holdings
The disclosure, filed this week, is the kind that makes analysts do a double take: Eightco Holdings, a micro-cap company listed on Nasdaq under the ticker ORBS, reported an asset…
