SpaceX Agrees to Testify in New York, Weeks After Skipping a Hearing
The seat reserved for SpaceXAI at New York’s City Council stayed empty on Oct. 5, while executives from Anthropic, OpenAI, Google and Meta answered questions under oath for nearly ten…
Oracle Offers to Pay for Power It May Not Use, and Commissioners Balk
Oracle walked into a New Mexico county meeting on Tuesday with a guarantee that most utilities never receive: a customer offering to pay for electricity whether it uses it or…
Nvidia Trades Compute for a Place in Europe’s AI Stack
Nvidia is spending in Europe the way a company spends when it wants to be part of the plumbing rather than a supplier standing at the edge of it. On…
Google’s Best Model Arrives With a Discount and an Expiration Date
Google opened its most capable artificial-intelligence model to developers, enterprises and consumers on Tuesday, and put the detail that matters most to buyers in a footnote. Gemini 4 Argon is…
Chip Stocks Slide as Bank Earnings Open the Quarter
The week began with two stories running in opposite directions on the same trading floor. Bank earnings arrived close to expectations, and memory chip shares fell hard enough to drag…
The FBI’s Long Campaign Against the Scam Compounds
The compound at O’Smach sits on Cambodia’s northern border with Thailand, and by the accounts of U.S. prosecutors, United Nations researchers and reporters who have been inside such sites, it…
A Credit Market Calm Built on a Pause in AI Borrowing
The note Goldman Sachs sent its credit clients this month made an odd pitch for a bull case. Buy investment-grade bonds, it said, and watch the calendar. The argument rested…
Two Blank Checks Test the Appetite for SPACs
On Tuesday, two filings landed with the Securities and Exchange Commission a few hours apart, each asking the same question in a different size. Apex Treasury Corp II, a blank…
A Nigerian Fintech Takes Its Loan Book to Wall Street
The prospectus OPay filed with the Securities and Exchange Commission contains a figure that would be unremarkable in Silicon Valley and startling in Lagos: 339.1 billion dollars of gross transaction…
Most of the S&P 500 Is Already in a Bear Market
The note that circulated on trading desks this week carried an uncomfortable title: Last Man Standing. Its author, Jonathan Krinsky, the chief market technician at BTIG, was describing a market…
