Abu Dhabi’s MGX Circles OpenAI’s $30 Billion Round as IPO Slips
The price is fixed, but the list of who pays it is still being drawn up. OpenAI is raising at least $30 billion in fresh capital, and instead of handing…
Dalio Warns the Stock Market’s Buffer Against Higher Yields Is Shrinking
On a stage in Singapore on Thursday, Ray Dalio offered a simple way to read this moment in markets: equities have absorbed a bruising bond sell-off not because investors are…
France’s Borrowing Costs Pass Italy’s, Putting Paris on Notice
The warning came from France’s own central bank, and it was delivered in the language of slow strangulation. Without a serious effort to repair the public finances, the bank has…
Nvidia-Backed Firmus’ Record Float Sours as Investors Balk
The books closed on schedule, and that was about the only thing that went to plan. Firmus Grid, an Australian data-center operator, finished bookbuilding for its initial public offering Thursday…
Temasek Plans to Trade Its Private AI Bets for Shares It Can Sell
The figure is small, and the plan is precise. Temasek, Singapore’s state investment firm, has about 6% of its S$518 billion portfolio, roughly US$405 billion at the end of March,…
Nvidia-Backed Cloud Firm Lambda Seeks $4 Billion Before Its IPO
Lambda, the AI cloud company, told investors this spring that its backlog of committed orders stood at $15 billion. By September the number had more than tripled, to $50 billion.…
Marvell’s Tenfold Bet on Custom Silicon
On a stage in New York on Tuesday, the chief executive of Marvell Technology made a promise that, by the arithmetic of his own company, would require it to grow…
Germany Gives Musk the Push He Wanted in Brussels
Elon Musk’s reply was two words. “Danke schoen,” he wrote on X on Wednesday, after Germany’s transport minister said he would push for prompt European Union approval of Tesla’s driver-assistance…
Temasek’s Investment Chief Names the AI Trade Itself as the Market’s Biggest Risk
The warning came from a buyer, not a skeptic, and that is what made it land. Temasek, the Singapore state investment firm, has spent years pouring money into artificial-intelligence companies,…
Oura Puts Its IPO on Hold as Markets Turn Sour
The ring had momentum. Oura, the Finnish maker of the smart ring that tracks sleep and heart rate, had just introduced the Oura Ring 5, pushed its paying membership to…
