Meta Discloses $700 Billion in Spending Commitments as Shares Slide
Meta Platforms Inc. disclosed Wednesday that it has committed nearly $700 billion in future spending on AI data centers, cloud computing and related infrastructure, a figure that did nothing to…
A 24-Year-Old’s AI Fund Unwinds After July’s Selloff
The hedge fund that made Leopold Aschenbrenner the most famous 24-year-old in artificial intelligence has sold most of its public stock positions to Citadel, according to people familiar with the…
SpaceX Wins $1.6 Billion Space Force Launch Contract
The U.S. Space Force has awarded SpaceX a $1.6 billion contract covering 18 Falcon 9 missions to deploy sensing and targeting satellites by 2027, according to Reuters, the latest in…
Tesla and SpaceX Merger Talk Returns, With a China Twist
Reports that Tesla Inc. was weighing a spinoff of its China business to clear the way for a merger with SpaceX pushed the company’s shares around this week, until Elon…
Chip Prices Climb Across the Board as Memory Shortage Spreads
Qualcomm Inc. told customers it will raise prices on its Snapdragon processors by double digits starting September 1, according to people familiar with the matter, joining a wave of increases…
AI Cloud Firm Nscale Prepares for a Fall IPO
Nscale, the London-based company that rents out AI computing power, is pushing ahead with plans for a public listing, holding meetings with potential investors and preparing to present its case…
Netflix Secures Walking Dead Rights in Five-Year, $500 Million Deal
Netflix and AMC Global Media announced Thursday a global licensing agreement that gives Netflix streaming rights to the entire Walking Dead universe, including the original series and all six of…
Jensen Huang Explains the Late Arrival on X: ‘I’m Quite Introverted’
Jensen Huang posted his first message on X in 2026, and he is fairly sure he holds the record for lateness. “I might be the last person on Earth to…
Samsung’s Memory Business Rides an AI Surge to a Record Quarter
Two years ago, Samsung Electronics executives spent earnings calls explaining losses in the semiconductor division. On Thursday they confronted the opposite problem: how to describe a quarter so large it…
Microsoft’s Record Quarter Comes With a Heavier Bill for the Future
Investors parsed Microsoft’s fiscal fourth-quarter results on Thursday with unusual care, and the number that drew the most attention was not revenue. It was a figure buried in the company’s…
