Nvidia Pays $6 Billion to License Poolside’s Model Factory and Hires Its Team
Nvidia has agreed to pay $6 billion for a license to Poolside’s Model Factory, the software platform the AI startup used to build its coding models, and to hire 109…
Prime Video Bets $2 Billion on Latin America’s Streaming Growth
Amazon’s Prime Video will invest more than $2 billion in Latin America between 2027 and 2030, funding local original series and sports broadcasts, the company announced on Wednesday. It is…
Oracle’s Troubled VA Records Contract Grows to Nearly $27 Billion
The Department of Veterans Affairs has raised the ceiling on Oracle’s electronic health records contract by nearly $17 billion, bringing the total value of the program to almost $27 billion,…
SpaceX Shares Slide as Second Lockup Release Adds to Selling Pressure
SpaceX’s stock fell 5.6 percent on Wednesday as the company’s second lockup period expired, freeing about 319 million shares for trading, according to data compiled by this publication. The decline…
Amex GBT Agrees to $6.3 Billion Take-Private by Long Lake
Four years after riding a blank-check boom onto the New York Stock Exchange, the world’s largest corporate travel company is heading back into private hands. Long Lake Management agreed to…
Etched Raises $700 Million at $21 Billion Valuation
The first rack of Etched computers sits in a Jane Street data center, running inference workloads for the trading firm that just led the AI chip startup’s latest funding round.…
Nebius Plans $4.5 Billion Convertible Bond Sale
Nebius, the AI cloud company led by Yandex co-founder Arkady Volozh, is borrowing against its own stock to build data centers it says it cannot build fast enough. The company…
Nvidia in Talks to Back AI Data Supplier Mercor
The training data that powers Nvidia’s open-source model ambitions may soon have a new financial backer: Nvidia itself. The chip maker is in talks to invest in Mercor, an AI…
AI Chip Startup Fractile in Talks at $6.5 Billion Valuation
Anthropic wants to buy about $250 million of chips from a London startup most people have never heard of. That order is now at the center of one of the…
Samsung Plans Over $72 Billion Shareholder Return Program
For decades, investors in Samsung Electronics groused about the same thing: the company hoarded cash, paid modest dividends and seemed allergic to the kind of buybacks that U.S. tech giants…
