Meta Weighs Multibillion-Dollar Share Sale to Fund AI Spending
The message to shareholders was blunt. Meta Platforms is considering raising tens of billions of dollars through a large sale of new shares to fund artificial intelligence investment, the Financial…
Alphabet Expands Equity Raise to $85 Billion
The offering grew a second time in as many weeks. Alphabet raised the size of its planned equity raise from $80 billion to $85 billion, according to people familiar with…
Trump Confirms Talks With OpenAI on Government Equity Stake
The proposal had circulated privately for months. This week it was confirmed in public: President Trump said he is discussing with OpenAI chief executive Sam Altman the possibility of the…
Anthropic Files Confidentially for IPO in Test of AI Economics
Anthropic has submitted a confidential registration statement to the Securities and Exchange Commission for an initial public offering, according to people familiar with the matter, placing the most closely watched…
Mira Murati Steps Back Into the Spotlight, Carefully
The stage was set in San Francisco on Thursday for the Bloomberg Technology Summit, and the seat at the front of the room belonged to someone the AI industry had…
Broadcom’s Softer Outlook Shakes the Chip Trade, and Analysts See a Buying Window
The number that detonated the semiconductor market last week was not a loss. Broadcom reported record revenue of $22.19 billion for its fiscal second quarter, up 48 percent from a…
Tim Cook’s Contrarian AI Bet Faces Its Test at WWDC
On Monday morning, Tim Cook will walk onto the stage at Apple Park in Cupertino for what is widely expected to be the most consequential presentation of his AI tenure,…
JPMorgan Ends Its Long Bearish Run on Tesla
For the better part of a decade, JPMorgan was the most persistent skeptic on Tesla on Wall Street. The bank kept an Underweight rating on the electric-vehicle maker from 2018…
SpaceX Draws $250 Billion in Orders Ahead of Record IPO
The order book kept swelling through the week, and by Tuesday it had passed $250 billion. SpaceX, the rocket and satellite company founded by Elon Musk, plans to raise about…
Supabase Doubles Valuation to $10 Billion in Eight Months
Paul Copplestone pitched the idea in 2014 and was turned down. He tried again in 2020, after hitting scaling limits with the databases at another startup, and built the tooling…