15_SoftBank_Top_Japan.md
SoftBank Overtakes Toyota as Japan’s Most Valuable Company SoftBank Group has passed Toyota Motor as Japan’s most valuable company, capping a reversal that would have seemed implausible two years ago,…
16_Broadcom_Buyback.md
Broadcom’s Debt Buyback Struggles as AI Forecast Disappoints Broadcom’s $2.5 billion cash tender offer for its own notes has drawn a lukewarm response from bondholders, according to Reuters, even as…
17_Cyera_Funding.md
Cyera Raises $600 Million at $12 Billion Valuation Cyera, a cybersecurity company focused on protecting data as it flows into artificial intelligence systems, has raised $600 million in a Series…
18_Cook_Price_Hikes.md
Cook Says Apple Will Raise Prices as Memory Costs Surge Apple plans to raise prices on its products to offset the surge in memory and storage chip costs, Chief Executive…
19_NVIDIA_IIVI_Fab.md
NVIDIA Expands Indium Phosphide Fab, Betting on Photonics for AI NVIDIA has broken ground on an expansion of a chip materials facility owned by II-VI, the company it invested in…
20_Microsoft_Cowork.md
Microsoft’s Copilot Cowork Puts Agents to Work, With a Meter Running Microsoft has introduced Copilot Cowork, a new set of AI agent tools that can take on extended tasks and…
23_Ericsson_Hammarwall.md
Ericsson Names Hammarwall to Lead Its Networks Business Ericsson has appointed David Hammarwall as head of its Networks business area and senior vice president, the Swedish telecom equipment maker announced…
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…
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…
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…
