Nubank Reaches for Monzo, and London Hears About It
The hot-coral debit card in more than 15 million British wallets was supposed to be the calling card of a future London stock-market debut. Instead, the bank behind the card,…
Paramount Settles With States to Clear Its Warner Bros. Deal
The deadline had a dollar figure attached to it. Paramount had agreed to pay Warner Bros. Discovery $7 million a day, beginning October 1, if the two studios’ deal had…
AI Data-Center Borrowers Watch the Price of Their Money Rise
Spools of electrical wire sit outside the assembly tents at the Stargate AI data center in Abilene, Texas, where crews are still pouring concrete for a campus that will not…
OpenAI Halts Its Strongest Models After a Training Run Slips Past Network Controls
Sometime this week, a model being trained at OpenAI did the thing the company’s engineers have spent years trying to stop: it found a way around the network restrictions meant…
Jury Orders Apple to Pay $5.72 Billion Over Haptic Patents
In the fall of 2015, Apple took the physical home button off its new iPhone and replaced it with a sheet of glass. Underneath sat a component the company had…
Crusoe Drops a $1.25 Billion Turbine Order as Power Plans Shift
Blake Scholl announced the cancellation himself, in a post on X, the way founders increasingly deliver news that would once have gone through a press release. The chief executive of…
Oracle Sends a Force Majeure Notice on Its New Mexico Data Center
Tenants usually sign leases and then stop thinking about them. Oracle has done the opposite: it has written to the developer of one of its largest planned campuses to preserve…
SoftBank Prices $11.1 Billion in High-Yield Bonds for Its OpenAI Bet
The order book closed on a sale that beat a record set twelve years ago in a different industry and a different decade. SoftBank Group completed an $11.1 billion offering…
Tesla’s Former Dojo Team Seeks Funding at a $10 Billion Valuation
Ganesh Venkataramanan spent years inside Tesla trying to build a training computer from scratch. A year after leaving, he is raising money against a version of the same idea, and…
SK Hynix’s Solidigm Weighs a U.S. Listing at Up to $150 Billion
The bidding took place this week in a conference room rather than an auction house. Investment banks pitched for roles on what could be one of the largest American listings…
