Singapore’s GIC Piles Into Anthropic at $900 Billion Valuation
Singapore’s sovereign wealth fund GIC has invested in Anthropic three times in the past year, backing the AI company at a valuation that has climbed to S$1.2 trillion, about $900…
Tariffs on 60 Economies Send Global Markets Lower
The new round of tariffs took effect on July 24, and the world’s markets moved in unison: down. Brent crude climbed past $100 a barrel. The Dow Jones Industrial Average…
Tesla’s AI Spending Spree Cuts Deep Into Profits
Tesla’s second-quarter report had a headline number investors did not want to see: free cash flow of negative $1.1 billion. Revenue reached a record, but profit fell well short of…
Intel Posts Fastest Revenue Growth in 15 Years
Intel’s finance team had a number it had waited a decade and a half to report. Second-quarter revenue came in at $16.1 billion, up 39 percent from a year earlier,…
Google Cloud Customers Spend 50% More Than They Promised
Thomas Kurian stood before analysts and investors on July 24 and offered a number that explains, in a single figure, why Google’s cloud business is growing faster than its rivals’.…
South Korea’s KOSPI Jumps 3.7% as Chip Stocks Lead a Broad Rally
South Korea’s benchmark KOSPI index surged 3.72 percent on Thursday, its sharpest single-day gain in months, led by the country’s two largest chip makers. Samsung Electronics rose nearly 4 percent…
SpaceX Prepares Starship’s 13th Flight as Short Sellers Press Their Bet
SpaceX was preparing to attempt the 13th flight of its Starship rocket on Wednesday from its launch site in Boca Chica, Texas, after engineers re-tested Booster 20, the booster slated…
OpenAI Lifts Compute Spending Outlook to $750 Billion
OpenAI has raised its planned spending on computing power through 2030 to nearly $750 billion, up from roughly $600 billion at the start of the year, according to people familiar…
Alphabet Raises AI Spending to $205 Billion as Cloud Orders Surge
Sundar Pichai had a number ready on Alphabet’s earnings call: $514 billion. That, the chief executive said, is the backlog of cloud orders the company is sitting on, driven by…
Cybersecurity Startup Glow Emerges From Stealth at $1.2 Billion Valuation
The pitch that Glow’s founders made to investors began with a question: who guards the software that acts on its own? On Tuesday, the company stepped out of stealth with…
