SpaceX Shares Halve From IPO High as Cursor Deal Draws Investor Doubt
SpaceX’s stock has fallen about 50% from its post-IPO peak, wiping out roughly $1.2 trillion in market value, as investors question the company’s $60 billion acquisition of the AI coding…
Broadcom Signs $200 Billion AI Chip Pact With Samsung Through 2030
Broadcom said July 28 it has signed a $200 billion agreement with Samsung to supply AI chips and manufacturing services through 2030, covering high-bandwidth memory and foundry work. The deal…
Lyft and Baidu Apollo Launch Robotaxi Trial in London
London became the newest front in the global robotaxi race on July 28, when Lyft and Baidu’s Apollo unit began a public trial of driverless ride-hailing in the city. The…
Big Tech Earnings Week Opens as AI Spending Comes Under Scrutiny
The most closely watched earnings week of the year opens July 29, when Apple, Microsoft, Meta and Amazon report quarterly results within 48 hours of each other. The four companies,…
Goldman Sachs Tells Clients the Old Investment Rules Are Dead
For most of the last four decades, the arithmetic of investing was almost boringly dependable. Buy the dips. Trust the multiples. Assume rates drift lower. Add a few index funds,…
OpenAI Picks Dublin for Its European Union Headquarters
The announcement landed quietly, tucked into a corporate statement rather than a stage event: OpenAI will establish its European Union headquarters in Ireland and add 250 jobs over the next…
Apple Restores Services After Outage Hits App Store and Music
The green dots returned to Apple’s system status page late on July 27, one by one, as engineers confirmed what users had been waiting hours to hear: the App Store…
Elon Musk Loses $130 Billion in Five Days, Calls Himself a ‘Former Trillionaire’
The post went up on his social platform late in the week, in the jokey register he uses when the news is bad: a reference to himself as a “trillionaire,”…
NVIDIA Moves on Three Fronts: a Record Guarantee for OpenAI, a Naver Stake, a Pact With SSI
The term sheet, if it closes, would be unlike anything in corporate finance: NVIDIA negotiating to back OpenAI’s $500 billion Ohio data center project with $250 billion to $322 billion…
Samsung Enters Smart Glasses With Fashion-First Frames From Gentle Monster and Warby Parker
On the Galaxy Unpacked stage, the new device was introduced almost like a fashion accessory: slim frames, a discreet camera module, and a companion AI assistant that answers questions and…
