Microsoft Shares Slip as AI Spending Pressures Cloud Margins
Microsoft’s stock fell again Thursday, extending a slide driven by investor unease over the company’s record spending on artificial intelligence infrastructure and what it means for the profitability of its…
Meta’s Instagram, Facebook and WhatsApp Go Dark in Global Outage
For several hours on Friday, Meta’s three largest platforms — Instagram, Facebook, and WhatsApp — were simultaneously unreachable for users around the world, one of the most severe outages in…
Patronus AI Raises $50 Million to Stress-Test AI Agents
Patronus AI said Thursday it has closed a $50 million Series B round, money the startup will use to build simulated digital worlds where AI agents can be pushed to…
General Intuition Raises $320 Million to Train AI Agents in Video Games
General Intuition said Thursday it has raised $320 million at a valuation of $2.3 billion, a vote of confidence in its unusual thesis: that video games, not real-world data, are…
Nvidia Shares Slip Below $200 as Competition Fears Spread
Nvidia’s stock has fallen below the $200 mark, according to a Barron’s report from earlier this week, as investors weigh a competitive picture that has grown more crowded than at…
Qualcomm’s AI Chip Wins Microsoft and Meta as Customers
Qualcomm’s stock has held near recent highs as investors digest the company’s announcement that Microsoft and Meta will adopt its latest AI chip, a deal that positions the mobile-chip maker…
SpaceX Shares Slip Below Key Level; Early-Investor Sales May Be Delayed
SpaceX shares have kept sliding since the company’s listing, and the stock has now fallen to a level that could delay the sale of roughly 10% of the shares issued…
Meta Tests AI Assistant for Facebook Creators
Meta has begun testing an AI assistant built for Facebook creators, according to MediaPost, a tool that can generate content ideas, analyze follower engagement and suggest posting strategies. The test…
NVIDIA Vows to Return at Least Half Its Free Cash Flow to Shareholders
SANTA CLARA, Calif.—Jensen Huang had a message for the shareholders who gathered for NVIDIA’s annual meeting on June 24: the chip maker plans to hand back half or more of…
SK Hynix Plans $29 Billion U.S. Share Sale; Stock Jumps 15%
SEOUL—SK Hynix shares jumped 15% in a single session on June 24 after the memory maker said it plans to raise 45.45 trillion won, about $29.4 billion, by selling depositary…
