Panasonic to Spend 500 Billion Yen on AI as It Trims Appliances
The company that once defined Japanese consumer electronics, with the VCR, the plasma television and a name that appeared on millions of kitchen counters, is spending its way into the…
Neon Picks Up OpenAI Film Dropped by Amazon
Andrew Garfield spent months this year learning to move like Sam Altman, the boyish chief executive of OpenAI who was fired by his board in November 2023 and reinstated days…
Explosives Maker Orica Backs Australia’s Biggest Green Hydrogen Project
The company that supplies much of the explosives used to blast ore out of Australian mines has decided that its future also runs on hydrogen. Orica, the Melbourne-based maker of…
Schneider Electric to Buy Industrial AI Firm Cognite for $3.1 Billion
Schneider Electric has agreed to acquire Cognite, a Norwegian company whose software organizes data streaming off factory floors, for $3.1 billion in cash, the French energy-management group said. The deal…
Prime Day Opens Strong as Amazon Tests Drone Deliveries to Balconies
The first hours of Amazon’s Prime Day brought the kind of numbers the company’s retail business has been waiting for. Sales on the first day of the annual shopping event…
Tesla’s Q2 Delivery Report Looms After Shares Rally Above $420
The numbers will be released after the market closes on Thursday, and Tesla’s investors have already voted with their money. The company’s shares have risen more than 10 percent this…
AirTrunk Pledges $30 Billion to Make India an AI Powerhouse
The meeting in New Delhi was brief, and the announcement that followed was anything but. Robin Khuda, the chief executive of AirTrunk, the Australian data-center operator backed by Blackstone, met…
Korean Investors Get Nothing as SpaceX IPO Allocation Goes Awry
The phone calls started the morning after the allocation. Korean retail investors who had signed up through Mirae Asset Securities, the country’s largest brokerage, to participate in SpaceX’s initial public…
Broadcom’s AI Numbers Look Great, and the Stock Falls Anyway
The earnings report had the numbers investors once paid anything for. Broadcom said revenue in its fiscal second quarter reached $22.2 billion, up 48 percent from a year earlier, and…
ON Semi’s $7 Billion Bet on the Physical World
The announcement landed on a Thursday morning from Scottsdale, Arizona, and it was the largest deal ON Semiconductor had ever done. The chipmaker, known to investors as ON Semi, agreed…
