Burry Adds to His Bet That the Memory Boom Is Over
Michael Burry built his reputation by standing against the last great financial mania. Two decades on, he is standing against a new one: the memory-chip rally that has made Micron…
Oracle Cuts Jobs at the Texas Site It Shows Off as Its AI Future
Abilene, Texas, is where Oracle points when investors ask whether its partnership with OpenAI is real. Last week it was also where Oracle cut jobs. The company’s latest round of…
ASML Sells Nothing in Europe, and It Wants That Fixed
The most valuable company in Europe makes the machines the world’s chip factories cannot do without. In the second quarter, it sold none of them in Europe. ASML’s executive vice…
Apple Tests a Screenless Fitness Band to Take On Whoop
Apple built the device that put a screen on tens of millions of wrists. Now it is weighing whether a growing set of customers would rather have no screen at…
Qualcomm Buys the Software That Moves a Robot’s Arm
Qualcomm spent Tuesday selling investors on a phone chip that can run an AI agent without a cloud. On Wednesday it bought a company that teaches robots how to move,…
Nscale’s $35 Billion Listing Rests on a Few Buyers
The numbers that will greet investors in Nscale’s offering documents are hard to hold together at once: roughly $103 billion in signed customer contracts, and $33 million in revenue last…
Meta’s Muse Agent Puts a Human on the Line
The voice answering on behalf of Meta’s newest product sounds like software, but for a slice of calls it isn’t. Behind a portion of the phone calls placed through Muse,…
Anthropic Ships Claude Opus 5.5 With Steeper Discounts
Anthropic chose this week to do two things at once: cut the price of its most capable model and push back its public debut. Both moves, coming within days of…
PayPal Lets Meta’s Muse Agent Check Out on Its Network
When Meta’s Muse agent shops for a user, the transaction has to end somewhere: a payment button, a merchant’s checkout page, a card on file. On Tuesday, PayPal said it…
SoftBank Sells $10 Billion in Bonds to Fund OpenAI Stake
The term sheet that reached investors this week set out a shape the bond market knows well: three tranches of dollar notes, maturities staggered out to seven and a half…
