Warren Buffett Steps Down as Berkshire Hathaway Chairman
Warren Buffett stepped down as chairman of Berkshire Hathaway on September 18, closing the formal handover of a company he has led for six decades. Buffett, who is 96, will…
Nokia Extends Microsoft Deal, and Its Stock Climbs
Nokia’s shares jumped more than 7 percent intraday on September 17, touching $10.86 at the high, after the Finnish equipment maker said it would deepen its partnership with Microsoft and…
OpenAI Hires SpaceX’s Brian McCarthy to Lead Global Sales
OpenAI has turned to SpaceX for the executive who will run its sales force. The company has hired Brian McCarthy as vice president of global sales, according to reports, bringing…
CoreWeave Raises Debt and Plans a Stock Sale to Fund More Chips
CoreWeave moved on both sides of its capital structure on September 17. The AI cloud provider said it would sell $3 billion of convertible senior notes due in 2033 in…
Tesla Starts New Round of Supply Chain Audits in China for Optimus
Tesla’s push to build robots at scale has reached the factory floors of its Chinese suppliers. A Tesla team landed in Ningbo on September 16 and began a new round…
Wayve Hires Waymo’s Former Finance Chief to Run Its Next Expansion
Wayve announced on September 16 that it had hired Elisa de Martel, the former chief financial officer of Waymo, for the same role, and that its current CFO, Max Warburton,…
A Musk Backer Hands SpaceX Shares Directly to Its Fund Investors
The transaction was quiet by design. A filing with the Securities and Exchange Commission showed that Valor Equity Partners, the investment firm founded by Antonio Gracias, had transferred 8.5 percent…
CoreWeave Raises Debt and Plans a Stock Sale to Fund More Chips
CoreWeave moved on both sides of the capital structure on September 17. The AI cloud provider said it would sell $3 billion of convertible preferred notes and, in a separate…
Huang Says Nvidia’s Chip Sales Will Double by 2027
Jensen Huang set the number himself. In remarks reported by Bloomberg on September 17, the Nvidia chief executive said the company’s chip sales in 2027 will reach twice the level…
Amazon Takes Generac Warrants in a Bet on Backup Power
The filing appeared on the evening of September 16, after the market had closed. Generac Holdings, the Wisconsin company that built its name selling standby generators to homeowners, disclosed that…
