Anthropic, Bitcoin Miner Riot Strike $9.1 Billion AI-Compute Deal
Anthropic has agreed to a $9.1 billion deal with Riot Platforms, according to people familiar with the matter, the latest sign that AI labs are locking up computing capacity years…
OpenAI Buys Back $7 Billion of Employee Stock at $852 Billion Valuation
OpenAI has repurchased roughly $7 billion of company stock from current and former employees, according to two people familiar with the matter, a move that gives insiders a payday while…
Bain Entity Becomes Kioxia’s Largest Shareholder as Toshiba Trims Stake
Kioxia Holdings said Monday that Toshiba had cut its stake in the memory chip maker to about 14.12% from 14.48% as of Aug. 3, a small sale that nonetheless redrew…
Tesla Recalls 20,349 Vehicles Because Low Beams Are Too Bright
Tesla is recalling 20,349 vehicles in the U.S. because their low-beam headlights are too bright, a compliance issue that the National Highway Traffic Safety Administration confirmed in an announcement Tuesday.…
Battery Startup Sila Wins $1.4 Billion Pentagon Loan for Domestic Production
Sila, the California battery startup known for its silicon-anode chemistry, has secured a $1.4 billion loan from the U.S. Defense Department to build domestic battery production capacity, according to TechCrunch,…
Archer Aviation Buys Former Rival Wisk Aero, Reshaping the Air-Taxi Field
Archer Aviation has agreed to acquire Wisk Aero, the autonomous air-taxi developer backed by Boeing, according to TechCrunch, a merger that consolidates the electric vertical takeoff and landing industry around…
Samsung Pushes High-NA EUV Adoption to 2030, Breaking With Rivals
Samsung Electronics has decided to delay adoption of High-NA EUV lithography until 2030, when it plans to use the machines for production at the 1-nanometer node, according to TechPowerUp, a…
Nanya Technology Joins ASML’s EUV Customer Roster, Signaling a Shift
Nanya Technology, the Taiwanese DRAM maker long known for mature process nodes, is set to become the newest customer for ASML’s EUV lithography systems, according to Bits&Chips, a purchase that…
Sony to Sell New PlayStation Games Only in Digital Form From 2028
Sony said that starting in January 2028, new games for its PlayStation consoles will be released only in digital form, a decision the company has now posted prominently on its…
Oracle Wins $568 Million Cloud Contract From Homeland Security
Oracle has won a $568 million cloud-services contract from the Department of Homeland Security, according to GovCon Wire, the company’s largest federal win in years and a sign that the…
