AWS Raises GPU Instance Prices 20%, Passing AI Compute Costs to Customers
The price change took effect on July 1, and it was the first of its kind in the cloud industry: Amazon Web Services raised the prices of its GPU instances…
SpaceX Gets Its First Analyst Report, Putting a $2.2 Trillion Valuation to the Test
The report, published this week by Bloomberg, is the first formal analyst coverage SpaceX has received since its record-breaking initial public offering, and it is an attempt to do something…
Asia’s Chip Stocks Sink as KOSPI Falls Nearly 8% in Broad AI Selloff
The selling began in Seoul and spread across the region: by the close of trading on Thursday, South Korea’s KOSPI had fallen nearly 8%, its worst single-day loss in years,…
Tesla Delivers 480,126 Vehicles in Second Quarter, Beating Estimates on Europe Demand
The number, released before the market opened on Thursday, was better than almost anyone expected: Tesla delivered 480,126 electric vehicles in the second quarter, comfortably beating the 406,024 that Wall…
Meta Prepares to Sell Excess AI Computing Power to Outside Customers
The plan, according to people familiar with it, has been taking shape inside Meta for months: sell access to the company’s AI computing capacity and models to external customers, entering…
SpaceX Denies Building an AI Phone, and Qualcomm Shares Feel the Whiplash
The report appeared on Tuesday, and within hours it was moving markets: SpaceX, preparing for its new life as a public company, had reportedly shown some investors a prototype of…
SoftBank Restarts $10 Billion Loan Talks, Offering Guarantee on OpenAI Stake
SoftBank Group has resumed negotiations with a consortium of banks over a $10 billion margin loan, this time with a concession designed to address the lenders’ concerns: the company is…
KKR and SK Group Form South Korea’s Largest Renewable Energy Platform
The deal, announced on July 1, pairs one of the world’s biggest private-equity firms with one of South Korea’s largest conglomerates in a bet that the country’s energy future belongs…
Nvidia Buys Into Security Camera Maker Verkada at $5.8 Billion Valuation
The investment, announced Wednesday, extends Nvidia’s reach into a business it does not usually touch: video surveillance. Verkada, a ten-year-old company that sells security cameras and the software that runs…
Portugal Unveils Its Own AI Model, Betting on the Portuguese Language
The announcement came on July 1, wrapped in the patriotic packaging that national technology projects tend to attract: Portugal’s government unveiled Amalia, a large language model built around the Portuguese…
