Samsung’s Foundry Gains Ground as TSMC’s Capacity Runs Short
The negotiations have been running quietly for months, and on Wednesday the details began surfacing across Asia. BYD, Google, AMD, and Tesla have all been in discussions with Samsung Electronics…
OpenAI’s 2025 Financials Show a Company Scaling Faster Than It Profits
The leaked financial document circulated through Silicon Valley on Tuesday like a piece of evidence. It showed OpenAI’s 2025 results in precise, unflattering detail: revenue of $13.07 billion and research…
SpaceX Overtakes Amazon Four Days After Its IPO
The market-capitalization table on the Nasdaq floor changed twice in the space of an afternoon. Around midday on Tuesday, June 16, SpaceX shares touched $225.64, briefly making the rocket company…
Anthropic’s Models Were Switched Off, and the Company Is Still Reeling
The letter arrived at 5:21 p.m. Eastern Time on Friday, June 12. It was from the U.S. Commerce Department, and it ordered Anthropic to stop allowing any foreign national to…
OpenAI Burned $3.7 Billion in the First Quarter
The documents OpenAI shared with its shareholders in recent weeks tell a story of growth and cash consumption moving in lockstep. In the first three months of the year, the…
JPMorgan Raises AI Infrastructure Spending Forecast to $5.5 Trillion
Tarek Hamid and his team of credit strategists at JPMorgan have been revising one forecast upward for seven months. On Wednesday, they did it again, lifting their estimate of what…
Microsoft Weighs a Spin-Off for Xbox as Gaming Revenue Slides
The question inside Microsoft used to be how to fix Xbox. Now it is whether to keep it. The company has considered spinning off its gaming business into a standalone…
Kazakhstan Bets $10 Billion on an AI Data Center
The signing ceremony took place in Ekibastuz, a coal-mining city in northeastern Kazakhstan known for one of the world’s largest power plants rather than for cloud computing. The government, the…
OpenAI’s $150 Million Bet on Partners Who Sell for It
The announcement, made Tuesday, was modest in form and large in intent. OpenAI said it is launching a partner network with an initial investment of $150 million, offering training, technical…
The World’s 500 Richest Gained $336 Billion in a Single Day
The number is so large it reads like a typo: $336 billion, added to the combined net worth of the world’s 500 richest people in a single day. It happened…
