Bezos’s Prometheus Raises $12 Billion to Engineer the Physical World
Jeff Bezos sat down with CNBC’s David Faber at Prometheus’s San Francisco headquarters and, for the first time, explained publicly what he is building with his money. The company he…
SpaceX’s Nasdaq Debut Becomes the Largest IPO in History
Gwynne Shotwell rang the opening bell at the Nasdaq MarketSite in Times Square, and a stock that investors had chased for years finally traded under a ticker. SPCX opened at…
Adobe’s CFO Exit Overshadows a Beat-and-Raise Quarter
The earnings release contained two stories. The one investors traded was buried near the bottom, three sentences long: Adobe’s chief financial officer, Dan Durn, was leaving in four days. Shares…
Meta Cuts Off Manus as It Unwinds a $2 Billion Deal
Inside Meta Platforms, the internal memo said it plainly: Manus is being “sunset.” Staff were told to migrate existing Manus projects onto Meta’s own systems and not to begin new…
Global Smartwatch Shipments Rose 4.8% in the First Quarter
The smartwatch market is growing again, slowly. Worldwide wrist-worn device shipments reached 47.05 million units in the first quarter, up 2.2% from a year earlier, and smartwatches specifically totaled 37.03…
Warner Music Buys an AI-Tracing Startup to Track Its Catalog
Warner Music Group said Tuesday it has acquired Sureel AI, a company whose technology builds a unique “AI-DNA” signature for each piece of music and tracks how AI models use…
TSMC Flags Higher Prices as AI Demand Strains Its Lines
Taiwan Semiconductor Manufacturing Co., the world’s largest contract chip maker, is signaling that its customers should expect to pay more. Chief Financial Officer Wendell Huang said inflation has pushed up…
Amazon and Nvidia Put $1.4 Billion Into German Robot Maker Neura
Neura Robotics, a German company founded in 2019 by engineer David Reger, has closed a $1.4 billion Series C round with Amazon and Nvidia among the investors, according to people…
WeChat Opens Its Mini-Program Empire to AI Agents
WeChat, the messaging app that runs the daily lives of more than a billion people in China, has opened its doors to AI agents. The company said it is letting…
Amazon Locks Up Fiber in a Multibillion-Dollar Deal With Corning
Amazon has signed a long-term agreement to buy fiber-optic cable from Corning worth billions of dollars, as the company races to connect the data centers powering its AI buildout, according…
