AI Customers Learn to Spend Less, and Model Makers Feel It
The finance chief of a mid-sized software company began receiving a new kind of report this spring: a weekly breakdown of how much the company’s engineers were spending on artificial-intelligence…
ON Semi’s $7 Billion Bet on the Physical World
The announcement landed on a Thursday morning from Scottsdale, Arizona, and it was the largest deal ON Semiconductor had ever done. The chipmaker, known to investors as ON Semi, agreed…
South Korea Puts $550 Billion Behind Its Memory Makers
The televised address came on a Monday, and the president of South Korea, Lee Jae-myung, used it to declare 2026 the year the country would establish itself as an irreplaceable…
Broadcom’s AI Numbers Look Great, and the Stock Falls Anyway
The earnings report had the numbers investors once paid anything for. Broadcom said revenue in its fiscal second quarter reached $22.2 billion, up 48 percent from a year earlier, and…
Waymo and Uber End Their Phoenix Robotaxi Partnership
The robotaxis that have been a familiar sight on the streets of Phoenix will no longer carry the joint branding of their two creators. Waymo and Uber have terminated their…
Korean Investors Get Nothing as SpaceX IPO Allocation Goes Awry
The phone calls started the morning after the allocation. Korean retail investors who had signed up through Mirae Asset Securities, the country’s largest brokerage, to participate in SpaceX’s initial public…
TIDAL Cuts Off AI Music From the Royalty Stream
The producer had been making music for eight months with tools that generated complete songs from text prompts, and the process had become routine: type a description, wait a minute,…
Australia Sues Amazon Over Prime Video Ads
The subscriber paid 79 Australian dollars for a year of Amazon Prime, expecting a year of ad-free video, the way the service had been sold. Instead, in July 2024, the…
AirTrunk Pledges $30 Billion to Make India an AI Powerhouse
The meeting in New Delhi was brief, and the announcement that followed was anything but. Robin Khuda, the chief executive of AirTrunk, the Australian data-center operator backed by Blackstone, met…
Micron’s $100 Billion Order Book Rewrites Memory Math
The earnings call on June 24 had the kind of numbers that used to belong to software companies, not chipmakers. Micron Technology reported revenue of $41.5 billion for its fiscal…