Wall Street Starts Pricing a Tesla-SpaceX Union, One Rocket at a Time
The roadster has been delayed so often that its launch date has become a joke in car circles, but a former Tesla president said Wednesday that the delays are not…
Nebius Plans $4.5 Billion Convertible Sale to Keep Pace in AI Cloud Race
Nebius Group said Wednesday it plans to raise $4.5 billion through a private placement of convertible senior notes, money it will use to build data centers and expand its AI…
Marvell Hands Google $12.2 Billion in Warrants in Custom-Chip Pact
Marvell Technology said Wednesday it will issue warrants to Google giving the search giant the right to buy about $12.2 billion of Marvell stock, roughly 7% of the company, as…
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…
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,…
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…
