Microsoft Shares Slip as AI Spending Pressures Cloud Margins
Microsoft’s stock fell again Thursday, extending a slide driven by investor unease over the company’s record spending on artificial intelligence infrastructure and what it means for the profitability of its…
SpaceX Stock Falls Below IPO Price, Erasing $60 Billion in Two Weeks
Less than two weeks after the largest initial public offering in history, SpaceX’s stock has fallen below its $445 offering price, a swift reversal of the euphoria that greeted the…
Adobe Buys Topaz Labs, Adding AI Video Tools to Creative Suite
Adobe said Thursday it has acquired Topaz Labs, the maker of AI-powered tools that sharpen, upscale, and repair images and video, in a deal whose terms were not disclosed. The…
White House Asks OpenAI to Delay Next Model as Safety Review Proceeds
The White House on June 25 formally asked OpenAI to postpone the release of its next large language model, citing safety and national security concerns, according to multiple reports. TechCrunch…
ON Semiconductor to Buy Synaptics in $7 Billion All-Stock Deal
ON Semiconductor said Thursday it has agreed to acquire Synaptics in an all-stock transaction valued at about $7 billion, the largest acquisition in the chip maker’s history and its most…
Cerebras Shares Halve in a Month as Margins Disappoint
The slide began quietly and then accelerated. Cerebras Systems, the AI chip maker that went public on May 14, fell as much as 12% in intraday trading Thursday to its…
Crowded AI Trades Leave Markets Quick to Fracture
Stocks across Asia fell sharply Friday, and the speed of the move — broad indexes swinging from calm to panic within a single session — has market strategists talking about…
Morgan Stanley Sees AMD’s Venice Server Chip Outshipping Nvidia’s Vera
The note from Morgan Stanley landed on clients’ screens with a forecast that a year ago would have been dismissed as wishful thinking: AMD’s next server processor will ship more…
Anthropic Hires Orange AI Chief to Lead Europe Expansion
Anthropic has appointed the head of AI at French telecom Orange as its president of Europe, according to Reuters, a hire timed to the approach of the European Union’s AI…
Anthropic Accuses Alibaba of Scraping Claude Data With 25,000 Fake Accounts
Anthropic publicly accused Alibaba of systematically harvesting data from its Claude AI assistant through 25,000 fake accounts, a claim that, if accurate, would be one of the largest known thefts…
