SoftBank Plans Record $6.3 Billion Retail Bond Sale to Fund AI Bets
TOKYO — SoftBank Group plans to issue about 1 trillion yen, or roughly $6.3 billion, in retail bonds in the Japanese market, a sale that would be the largest in…
Samsung’s Record $80 Billion Return Fails to Lift Shares; KOSPI Slumps
SEOUL — Samsung Electronics announced on Aug. 20 the largest shareholder-return program in Korean corporate history: up to $80 billion in buybacks and dividends, a figure the company framed as…
States Take Meta to Trial Over Teen Addiction Claims, Seeking $200 Billion
OAKLAND, Calif. — In a federal courtroom here, lawyers for dozens of states opened a trial Monday accusing Meta Platforms of engineering Facebook and Instagram to keep minors hooked, and…
Nvidia in Talks to Invest in Perplexity at Over $30 Billion Valuation
SAN FRANCISCO — Nvidia, the chip maker whose processors power much of the artificial-intelligence boom, is in discussions to invest in the AI search company Perplexity at a valuation above…
Meta Hires OpenAI Researcher Luke Metz for Superintelligence Lab
MENLO PARK, Calif. — Luke Metz, a veteran AI researcher who spent years at OpenAI and briefly at the startup Thinking Machines, is joining Meta’s Superintelligence Labs, a person familiar…
Anthropic’s Pricey Fable 5 Struggles to Win Corporate Spending
SAN FRANCISCO — When Anthropic released Fable 5, its most powerful model, the company’s sales team pitched it as the product that would justify the premium the market was placing…
Hugging Face in Sale Talks at $13 Billion Valuation
SAN FRANCISCO — The first sign that something was in motion came late Sunday, when bankers who had spent the weekend working the phones declined to say who was calling.…
Super Micro Completes Export-Control Review, Clearing a Regulatory Hurdle
Super Micro Computer Inc. said Thursday that an independent investigation into allegations of export-control violations has concluded, according to the company, closing a review that has hung over the AI…
Micron Says Memory Capacity Is Booked Through 2028
The order book tells the story. Micron Technology Inc., one of only three companies in the world that make high-bandwidth memory, said its production capacity is now reserved through 2028,…
Samsung SDI to Sell $3.2 Billion Samsung Display Stake to Fund Battery Push
Samsung SDI Co., the battery-making arm of Samsung Group, said Friday it will sell 13.09 million shares of Samsung Display Co., worth about 4.45 trillion won ($3.2 billion), to the…
