Apple Raises Foldable iPhone Production Target to 10 Million Units
The suppliers have their numbers. Apple has raised the production target for its first foldable iPhone, a device expected to be called the iPhone Ultra, to 10 million units, according…
Blackstone’s Retail Fund Posts Best Month on Anthropic Stake
A letter that went out to investors in Blackstone’s flagship retail fund this month carried a figure the firm had never printed for the vehicle before. Class I shares of…
Zuckerberg Tells Employees AI Agent Work Isn’t Moving Fast Enough
Mark Zuckerberg’s message to employees this week cut against the tone of Meta Platforms’ public AI push. In an internal meeting, the chief executive said the company’s AI agent development…
SoftBank Revives $10 Billion Loan Backed by OpenAI Stake
The loan talks fell apart this spring, and the reasons were familiar to anyone who has tried to borrow money against a private company. Banks could not agree on what…
Jensen Huang’s Leather Jacket Goes to Auction at Sotheby’s
The black leather jacket is not a piece of clothing so much as a corporate symbol, the one garment the most valuable chip company’s chief executive has worn through two…
Goldman Says Investors Are Shedding Big Tech for Semiconductors
The trade is showing up in options prices before it shows up in most portfolios. The cost of hedging a decline in the Invesco QQQ ETF, the exchange-traded fund that…
Global Startup Funding Hits Record $510 Billion in First Half
The number is so large that it needs to be said twice to register: $510 billion, in six months. Global venture investment in startups reached a record $510 billion in…
Trump Says Musk May Donate SpaceX Stock to Children’s Investment Plan
The remark came in the middle of a discussion about a program that has not yet been created, and it immediately became the most watched part of the exchange. President…
Thiel Capital Routes Arizona Money Into AI Chip Startup Etched
The money trail runs through Phoenix, and it ends at a chip company that says it can beat Nvidia at its own game. Jack Selby, a partner at Thiel Capital,…
Melinda Gates Backs Magnify Ventures’ Second Fund
The fund is small by the standards of the industry, and its investor list includes one of the most prominent names in American philanthropy. Magnify Ventures has closed its second…
