Micron’s Taiwan Workers Demand a Cut of the Chip Boom, and Keep a Strike in Reserve
The union’s demand was simple enough to state in one sentence: take 15 percent of operating profit and pay it out to employees, or workers reserve the right to walk…
Intel Veterans Raise $100 Million to Fix the Way Data Moves Inside AI Data Centers
The bottleneck in an AI data center is not the chip doing the thinking. It is the network that feeds it. On September 15, Reuters reported that Delos Data, a…
Analog Devices Pays $1.35 Billion in Cash for a Bet on ‘Physical Intelligence’
Analog Devices has spent decades selling the unglamorous chips that read the physical world: the sensors, converters, and controllers that turn heat, motion, and sound into data. On September 14,…
Kraken’s Parent Seeks U.S. Perpetual Futures; Kaiko Raises $110 Million
Payward, the parent company of the crypto exchange Kraken, filed an application on September 12 to offer perpetual futures contracts to eligible U.S. traders under Commodity Futures Trading Commission oversight.…
Data Centers Need 45 Gigawatts of New Power, Moody’s Says
The American data center boom will require roughly 45 gigawatts of new generating capacity by 2030, an investment of about $110 billion, Moody’s Ratings estimated in a report published September…
An Australian Data Center Operator Chases a $5 Billion IPO
Firmus, an Australian operator of data centers built for artificial intelligence workloads, plans to test public markets before the end of October. The company is targeting an initial public offering…
Porsche Exits Rimac, Booking About a Billion Euros
Porsche has sold its stakes in Bugatti Rimac and the Rimac Group, closing the book on an experiment that paired a century-old sports-car maker with a young electric-supercar company. The…
Samsung and SK Hynix Refuse an $18.7 Billion Grid Prepayment
South Korea’s two largest chipmakers have said no to a bill they were asked to pay years in advance. Samsung Electronics and SK Hynix rejected a proposal from state utility…
SpaceX’s Starship Is Set to Carry Its First Commercial Payload
The world’s largest rocket has flown thirteen times, and every one of those flights carried test hardware or nothing at all. The fourteenth, according to a Federal Aviation Administration airspace…
Aschenbrenner’s Fund Returns to Options After a Summer Collapse
The fund that nearly came apart in July is placing new bets on the same AI-infrastructure thesis, this time with options. Situational Awareness, the hedge fund run by Leopold Aschenbrenner,…
