Uber Launches $14.8 Billion Offer for Delivery Hero
Uber published its formal offer document for Delivery Hero on Aug. 27, setting a price of 41.50 euros a share and valuing the German delivery company’s equity at about 13…
Lambda Raises $1 Billion in Debt for Nvidia Chips
Lambda, an AI cloud company that rents out Nvidia’s chips, has completed a $1 billion private short-term debt financing arranged by JPMorgan, according to people familiar with the matter. Bloomberg…
Marvell Posts Record Revenue but Shares Fall on Chip-Timing Worry
Marvell Technology reported record quarterly revenue on Aug. 28, beating analyst estimates, then watched its shares fall 7.6% in after-hours trading as investors focused on a single line in the…
Judge Rules Pentagon’s Designation of Anthropic Unlawful, Clearing Path to IPO
Late on Aug. 27, U.S. District Judge Rita Lin ruled that the Trump administration’s decision to label Anthropic a “supply chain risk” was unlawful, saying Defense Secretary Pete Hegseth’s designation…
Intel Completes Roughly $20 Billion Share Sale to Fund AI Chip Push
Intel said it had completed an equity offering of about $20 billion to $23 billion, one of the largest in the company’s history, to fund AI chip capacity and its…
Apple Raises TV+ Price to $14.99 a Month, Joining Streaming’s Inflation Wave
Apple raised the U.S. price of Apple TV+ from $9.99 to $14.99 a month on Aug. 28, effective immediately, and increased the cost of its Apple One bundles as well.…
a16z Raises $1.1 Billion Fund for the ‘Machine Age’ of AI Hardware
Andreessen Horowitz announced on Aug. 28 that it has raised an $1.1 billion fund dedicated to what it calls the Machine Age: physical infrastructure for artificial intelligence. The fund will…
Micron to Spend $10 Billion on AI Research Lab as Trump Praises Memory Maker
Micron Technology said it will invest $10 billion in an artificial intelligence research laboratory in Boise, Idaho, its home city, and President Donald Trump on the evening of Aug. 27…
Trump Discloses Nvidia Stake Above $100 Million as He Praises Chip Earnings
President Donald Trump holds more than $100 million in Nvidia stock, according to public disclosures, and he praised the chip maker’s quarterly results on Aug. 28, calling the numbers “incredible.”…
Samsung and SK Hynix Lead 10 Trillion Won Buyback Wave to Prop Up KOSPI
South Korea’s chip giants are buying their own stock at a pace rarely seen, with Samsung Electronics and SK Hynix leading a wave of share repurchases totaling about 10 trillion…
