SK Hynix Unveils $28.6 Billion Buyback as AI Memory Boom Faces a Test
The announcement landed at 8 a.m. in Seoul, before the market opened, and for a few hours it worked. SK Hynix said Wednesday it would buy back and cancel about…
Anthropic’s Revenue Tops OpenAI’s as the AI Rivalry Tilts
Anthropic’s second-quarter revenue reached roughly $11.5 billion to $12 billion, according to a Wall Street Journal review of financial documents, surpassing OpenAI’s $6.7 billion in the same period for the…
Anthropic Plots Super-Voting Shares to Shield Founders Ahead of IPO
Anthropic plans to grant its chief executive, Dario Amodei, and the company’s other co-founders a class of shares with outsized voting power, according to two people familiar with the matter,…
OpenAI Halts Frontier Training to Bolster Defenses After Cyberattack
Greg Brockman had a message for the people who build and guard OpenAI’s most powerful models: slow down. The company’s co-founder said Tuesday that OpenAI has paused large-scale frontier model…
Samsung Raises Foundry Prices by Up to 15% as AI Demand Strains Plants
Samsung Electronics has raised prices on new orders for some of its most advanced chip-making services by as much as 15%, according to people familiar with the matter, the latest…
Ackman’s Bet on a Stake for Everyone at Pershing Square
Bill Ackman was a few minutes into the podcast when he dropped the detail that made the clip travel. At Pershing Square, the $35 billion hedge fund he founded, even…
Billionaires’ Exodus Tests California’s Wealth-Tax Gambit
The spreadsheet makes the rounds among California wealth managers with urgency and a touch of gallows humor. One column lists clients who have already filed change-of-residence paperwork for Nevada, Texas…
Spotify Founder’s Neko Health Opens First U.S. Clinic in New York
The full-body scanner that has screened tens of thousands of patients in Europe arrives in New York this week. Neko Health, the health startup founded by Spotify creator Daniel Ek,…
NASA Opens $100 Million Contract to Four Companies, SpaceX Left Out
NASA has chosen four companies, All Points Logistics, Blue Origin, Firefly Aerospace, and L3Harris, to compete for a $100 million contract covering the handling of spacecraft and rocket hardware, the…
Nebius Swaps Gas Turbines for Fuel Cells at 300-Megawatt Data Center
Nebius, the AI cloud company, said on Aug. 17 that its 300-megawatt data center in New Jersey will run on Bloom Energy fuel cells instead of gas turbines, a switch…

Yelp Sends an Agent to Make the Call
Meta Fixed Its Glasses and Didn’t Say What Broke
Japan’s First 3-Nanometer Line Comes With a Capacity Caveat
HSBC Asks What a Data Center Contract Is Worth
The Order Book Outruns the Assembly Line at ABB
Intel Asks the FCC for Permission to Keep Its Factory Robots Running
Oracle and AstraZeneca Attack the Slowest Step in Drug Development
Anthropic Buys the Company That Kept Data Encrypted While It Was Used
The Paper Fortune Inside Eric Schmidt’s Anthropic Stake
JPMorgan Puts a Number on the Banks’ CoreWeave Problem








