SK Hynix Plans $29 Billion U.S. Share Sale; Stock Jumps 15%
SEOUL—SK Hynix shares jumped 15% in a single session on June 24 after the memory maker said it plans to raise 45.45 trillion won, about $29.4 billion, by selling depositary…
NVIDIA Vows to Return at Least Half Its Free Cash Flow to Shareholders
SANTA CLARA, Calif.—Jensen Huang had a message for the shareholders who gathered for NVIDIA’s annual meeting on June 24: the chip maker plans to hand back half or more of…
Meta Tests AI Assistant for Facebook Creators
Meta has begun testing an AI assistant built for Facebook creators, according to MediaPost, a tool that can generate content ideas, analyze follower engagement and suggest posting strategies. The test…
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Groq Raises $650 Million and Recasts Itself as an AI Cloud After Its Nvidia Deal Groq, the artificial-intelligence chip company that licensed its technology to Nvidia Corp. in one of…
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Oracle Cuts 21,000 Jobs and Says, in a Filing, That AI Did Some of It Oracle Corp. has reduced its global workforce by about 21,000 people over the past year,…
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Valor Equity Partners Seeks $2.5 Billion for a New Fund After Its SpaceX Windfall Valor Equity Partners, the investment firm best known for backing Elon Musk’s companies before almost anyone…
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Google and A24 Strike a $75 Million Deal to Explore AI’s Place in Filmmaking Google has signed a $75 million research partnership with A24, the independent film studio behind “Everything…
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Anthropic’s Claude Learns to Read the Room: Slack Channels Join the AI’s View of the Company Anthropic on Wednesday introduced a feature that lets its Claude assistant join a company’s…
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Google Cloud and Nokia Ship an AI Agent That Runs Telecom Networks Google Cloud and Nokia on Wednesday introduced a jointly built artificial-intelligence system for telecommunications operators, the latest attempt…
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Qualcomm’s $4 Billion Modular Deal Targets the Software That Runs AI Qualcomm Inc. on Wednesday agreed to acquire Modular, an artificial-intelligence software startup, for roughly $4 billion in stock, one…
