Tesla Delivers 480,126 Vehicles in Second Quarter, Beating Estimates on Europe Demand
The number, released before the market opened on Thursday, was better than almost anyone expected: Tesla delivered 480,126 electric vehicles in the second quarter, comfortably beating the 406,024 that Wall…
Meta Prepares to Sell Excess AI Computing Power to Outside Customers
The plan, according to people familiar with it, has been taking shape inside Meta for months: sell access to the company’s AI computing capacity and models to external customers, entering…
SpaceX Denies Building an AI Phone, and Qualcomm Shares Feel the Whiplash
The report appeared on Tuesday, and within hours it was moving markets: SpaceX, preparing for its new life as a public company, had reportedly shown some investors a prototype of…
SoftBank Restarts $10 Billion Loan Talks, Offering Guarantee on OpenAI Stake
SoftBank Group has resumed negotiations with a consortium of banks over a $10 billion margin loan, this time with a concession designed to address the lenders’ concerns: the company is…
Nvidia Buys Into Security Camera Maker Verkada at $5.8 Billion Valuation
The investment, announced Wednesday, extends Nvidia’s reach into a business it does not usually touch: video surveillance. Verkada, a ten-year-old company that sells security cameras and the software that runs…
LY and Bain Raise Kakaku Bid to $4.1 Billion, Pressuring EQT
The bidding war for Kakaku.com, the Japanese price-comparison operator, escalated Wednesday night when LY Corp and Bain Capital increased their offer to 3,384 yen per share, valuing the company at…
SoftBank Plans U.S. AI Cloud Push With 10 Gigawatts of Data Centers
The plan, according to people familiar with it, has been in preparation for months, and it is audacious even by SoftBank standards: build an American cloud business from scratch, rent…
U.S. Nears Voluntary Safety Standards for Frontier AI Models
The officials and the executives had been meeting for weeks in Washington, and by Thursday an outline had finally taken shape: the government would not impose binding rules, and the…
ASML Lifts Revenue Outlook as AI Chipmakers Race for EUV Machines
The executives gathered in Veldhoven on Thursday to deliver news that the company’s own order book had already signaled for months: demand for the world’s most advanced chip-making machines is…
OpenAI Engineers Say Running Its Models Now Costs Half as Much
The internal message went out on a Monday morning, unsigned and free of fanfare: OpenAI’s engineers had found a way to run the company’s models for half the price. By…
