Global Smartwatch Shipments Rose 4.8% in the First Quarter
The smartwatch market is growing again, slowly. Worldwide wrist-worn device shipments reached 47.05 million units in the first quarter, up 2.2% from a year earlier, and smartwatches specifically totaled 37.03…
Amazon Locks Up Fiber in a Multibillion-Dollar Deal With Corning
Amazon has signed a long-term agreement to buy fiber-optic cable from Corning worth billions of dollars, as the company races to connect the data centers powering its AI buildout, according…
DeepSeek Plans Gigawatt-Scale Data Centers of Its Own
HANGZHOU, China—The job posting appeared on DeepSeek’s careers page on a Tuesday with a title the company had never used before: IDC design and planning engineer. The description said the…
Meta Leases First India Data Center From Reliance
JAMNAGAR, India—The city better known for the world’s largest oil refinery complex is about to become part of the AI supply chain. Meta Platforms said June 10 it will lease…
OpenAI Nears Lease on 10-Gigawatt Ohio Data Center
PIKETON, Ohio—The site along the Ohio River once enriched uranium for America’s nuclear arsenal. Within a decade, it could host the largest data center on earth, and OpenAI is negotiating…
Toyota and Honda Sales in China Keep Falling as Local EV Brands Advance
GUANGZHOU — Toyota sold 102,300 vehicles in China in May, down 31.7% from a year earlier, a fourth consecutive monthly decline and an acceleration from April’s 25.4% drop. Honda fared…
Broadcom, Apollo and Blackstone Line Up $35 Billion for AI Compute
NEW YORK — The joint announcement arrived on a Tuesday morning with numbers unlike anything the data-center financing business has seen. Broadcom, Apollo and Blackstone said they would create a…
OpenAI, Anthropic and SpaceX Converge on a Record IPO Week
NEW YORK — The roadshow deck that Goldman Sachs bankers carried into investor meetings this month priced SpaceX at a fixed $135 a share, a figure that values the rocket…
Sanxing Electric Poised for State Grid Contract
A Chinese maker of grid equipment has emerged as the leading candidate for a contract with the country’s biggest power utility, in a small deal that says something large about…
Citi Raises S&P 500 Target to 8,100
Five days after the Nasdaq suffered its worst session since April 2025, Citi raised its year-end target for the S&P 500 to 8,100, according to CNBC. The call is the…
