Apple Pares iPhone 18 Pro Orders as the Price Rises
For years, the Pro iPhone was the one product Apple could raise prices on and still watch demand hold steady. This autumn, that assumption wobbled. Apple has told some suppliers…
Anthropic’s Test Model Gave Philadelphia Police a Fictional Tip
The message reached the Philadelphia police through the public forum the department keeps for unsolved homicides, sent shortly before midnight on July 18. It claimed to come from someone with…
A Memory Chipmaker Has Sold More Than It Can Ship in a Quarter
The clearest sign of how tight the market for AI memory chips has become came on an earnings call in early October, when Kash Shaikh, the chief executive of Penguin…
A Startup Worth $200 Million Three Weeks Ago Just Raised at $7.5 Billion
On September 15, a San Francisco company called TypeSafe AI emerged from stealth with a 40-million-dollar seed round led by DCVC and a valuation of roughly 200 million dollars. Twenty-four…
Europe’s Largest Pension Fund Writes Its First Check to a Homegrown Tech Bet
ABP, the pension fund for Dutch government and education workers, is the biggest retirement pool in the Netherlands and one of the largest on earth. So when it announced on…
Inside the $28 Billion Family Office George Soros Built
In the summer of 2011, George Soros made a decision that puzzled the hedge fund world: he gave his outside investors their money back. Soros Fund Management, the firm he…
Wall Street’s Trading Boom Starts to Split
When Goldman Sachs reports third-quarter results on Tuesday morning, the first of the big banks to step forward, the number most likely to move its stock sits a line or…
A Coffee Giant Looks at a Burrito Chain
The report landed Tuesday and did what such reports do: it moved a stock on a rumor. On October 8, word emerged that Starbucks had held internal discussions about whether…
A $1.5 Billion Loan to Keep a Chip Supplier at Home
The letter arrived at Wolfspeed with a specific purpose: to keep a stretch of the American chip supply chain from leaving the country. On October 7, the War Department’s Office…
An AI Scorekeeper’s Valuation Doubles in Ten Months
The most expensive companies in artificial intelligence sell capability. Arena sells a smaller product: a way to tell whether that capability is real. On October 8, the evaluation platform closed…
