Nvidia Buys AI Startup Kumo in a Quiet Deal
Nvidia has acquired Kumo AI, a startup whose software makes AI models cheaper and faster to run, Fortune reported this week, citing people familiar with the transaction. Terms were not…
SpaceX’s First Post-IPO Move: A $60 Billion, All-Stock Bet on Cursor
The listing was barely a month old, and the chief executive was already working the phones. According to people familiar with the matter, SpaceX’s leadership had spent the spring weighing…
NVIDIA Raises $25 Billion in Bonds as Investors Line Up for the AI Buildout
The syndicate desk at a Wall Street bank had an unusual problem last week: too much demand. According to people familiar with the matter, orders for NVIDIA’s first large bond…
Nobel Winner John Jumper Leaves Google DeepMind for Anthropic
John Jumper, the Nobel Prize-winning scientist who led the creation of AlphaFold and cracked one of biology’s oldest problems, is leaving Google DeepMind for Anthropic, according to people familiar with…
OpenAI Posts $3.7 Billion Quarterly Loss as IPO Preparations Accelerate
The internal numbers landed at a difficult moment. OpenAI lost $3.7 billion in the first quarter of 2026, according to The Information, putting the company on a pace to burn…
Britain Passes Under-16 Social Media Ban, With Fines Up to 10% of Global Revenue
The vote came late in the parliamentary session, after a debate that ran longer than the bill’s supporters expected. When it passed, the UK became one of the first major…
Peace Deal With Iran Sets Off Rally in Asian Chip Stocks
The opening bell on the Tokyo Stock Exchange had barely rung when the buying started. SoftBank Group shares surged more than 10% in early trading on June 20, pushing the…
Apple and Intel Team Up to Build Chips in America, Opening a Third Foundry Lane
The announcement came from the White House, not from Cupertino. President Trump said Apple will work with Intel to design and manufacture chips in the United States, a partnership that,…
Go’s $580 Million Tokyo Listing Becomes Japan’s Largest IPO of the Year
The gong sounded on the Tokyo Stock Exchange and, for the first time in years, the traders on the floor had something to cheer. Go, Japan’s leading ride-hailing operator, completed…
Baseten Seeks $1.5 Billion at a $13 Billion Valuation, Months After Its Last Mega-Round
Five months. That is how long Baseten waited between its last giant fundraising round and its next one. The AI inference company, which raised $300 million at a $5 billion…
