Anthropic Buys the Company That Kept Data Encrypted While It Was Used
The company being acquired announced the deal first. Opaque Systems, a confidential computing startup spun out of a Berkeley research lab, posted a farewell note on its website on October…
The Paper Fortune Inside Eric Schmidt’s Anthropic Stake
One percent of a company sounds like a rounding error until the company is Anthropic and the number attached to it is two trillion dollars. At that valuation the stake…
SpaceX’s Second Earnings Report and the $13 Billion Question
SpaceX was scheduled to report third-quarter results after the close of trading on Tuesday, and as of Tuesday afternoon in New York the company had published nothing. What the market…
A $26 Billion Bid for a $900 Million Anchor Book
The anchor book for Jio Platforms was 8,110 crore rupees, about 920 million dollars, and by the time it closed on Monday evening it had drawn bids of more than…
Elice Falls 32% in Seoul, and the AI Trade Meets the Kosdaq
The offer price was 90,500 won. Elice opened lower, kept falling, and closed its first session on the Kosdaq at 61,500 won, down 32 percent, after touching 61,400 earlier in…
Micron’s Taiwan Workers Set a One-Day Strike Over Profit Sharing
The vote was 1,994 in favor and 14 against, which is not the margin of a union testing its strength. Members of the Micron Technology union at the company’s Taoyuan…
Qualcomm Sends Its Cuts Through the Annual Review
The memo does not use the word layoffs. It describes a company reorganizing around performance and tightening costs, and it says notifications will begin in November, which is when Qualcomm…
OpenAI Seeks $30 Billion Before Anthropic Sets a Public Price
The commitment letters are being gathered now, according to people familiar with the matter, and the terms carry a deadline as much as a number: at least 30 billion dollars…
Two German Car Makers, Two Ways to Cut a Payroll
Volkswagen’s management has proposed freezing pay at 2026 levels through 2030 for its roughly 660,000 employees worldwide, with promotions and grade changes already halted inside Germany, Handelsblatt reported on October…
Blackstone Closes an $8.7 Billion Energy Fund While Others Wait
Blackstone told investors on October 19 that its fifth energy transition fund had closed at 8.7 billion dollars, hitting its hard cap and finishing more than 50 percent above the…
