Musk Holds 48.4% of SpaceX, Worth More Than $900 Billion
A regulatory filing published Aug. 14 lays out the ownership of the most valuable private company in the world in cold numbers: as of June 30, Elon Musk held 48.4…
AMD Sells $4.75 Billion in Bonds, Its Largest Offering Yet
SUNNYVALE, Calif. — The offering documents hit the market on Aug. 13 with a settlement date of Aug. 17, and within a day the raise was done: Advanced Micro Devices…
Reddit Joins the S&P 500, and Its Shares Jump More Than 11%
The announcement came Aug. 14 from S&P Dow Jones Indices, and the market responded in a single word: demand. Reddit’s shares rose more than 11 percent on the day the…
OpenAI’s New ‘Ultrafast’ Mode Runs GPT-5.6 at 14 Times Normal Speed
The complaint from enterprise customers has been consistent for two years: the models are powerful, but they are slow. OpenAI addressed that complaint head-on on Aug. 13, introducing an Ultrafast…
Norway’s Sovereign Fund Posts $185 Billion Gain, CEO Warns of Harder Times
The Norwegian sovereign wealth fund, the largest in the world, earned $185 billion in the first half of 2026, a gain driven heavily by its holdings in semiconductor companies, CNBC…
Enterprise AI Firm Thrive Holdings Raises $2 Billion
Thrive Holdings, a company that brings artificial intelligence into the core operations of large businesses, said it completed a $2 billion funding round on Aug. 12. The company sits squarely…
Oracle Plans Another Round of Layoffs as AI Spending Bites
Oracle is preparing another round of layoffs before the start of its next fiscal quarter, The Next Web reported on Aug. 13, citing people familiar with the company’s plans. The…
Lovable Raises $400 Million as Tencent Backs European AI
Lovable, the Swedish startup that lets people build software by describing it in plain language, has closed a $400 million Series C round at a $13.3 billion valuation, TechCrunch confirmed…
SK Hynix to Break Ground on Indiana Plant as Labor Talks Stall at Home
SK Hynix will hold a groundbreaking ceremony on Aug. 27 for its chip packaging plant in West Lafayette, Indiana, the Korean memory maker said, moving forward with a roughly $3.9…
AI Coding Startup Cognition in Talks at $40 Billion Valuation
Cognition, the startup behind the AI coding agent Devin, is in talks with investors about a new funding round at a valuation of about $40 billion, according to people familiar…
