Samsung Reserves 70% of Memory Output for Long-Term AI Deals

On the sales floor of Samsung Electronics’ memory business, the conversation has shifted. Instead of courting spot buyers through brokers, the team now divides a fixed pool of output among…

Apple’s Schiller Steps Back From App Store and Product Events

For three decades, Phil Schiller has been the face of Apple’s biggest moments, the executive who introduced the iPhone, the iPad and, more recently, the company’s lineup of AI features.…

Apple Accuses OpenAI of Destroying Evidence in Trade-Secret Case

In a court filing submitted on August 31, Apple told a federal court that OpenAI had “actively destroyed key evidence” and that Chang Liu, a former iPhone engineer who moved…

Nscale Secures Nearly $3 Billion for U.S. Data Center Campuses

On August 31, Nscale, a cloud infrastructure provider, said it had locked in financing commitments of roughly $3 billion to build two data center campuses in the United States. The…

Google’s Dreambeans Drops Subscription, Opens Free Testing

Google’s AI news app Dreambeans is giving up its subscription model and opening free testing, the company said in a product announcement. The app, which Google has described as a…

Anthropic and Nvidia-Backed Lambda Strike $35 Billion Cloud Deal

Anthropic has signed a $35 billion cloud computing agreement with Lambda, the Nvidia-backed cloud services provider, according to people familiar with the transaction. The data center capacity at the center…

EU Designates ChatGPT, Reddit and Roblox for Stricter Oversight

The European Commission announced on August 31 that it has designated ChatGPT, Reddit and Roblox under the Digital Services Act, the bloc’s sweeping law for online platforms. ChatGPT will be…

SoftBank’s SB Energy Files for IPO, Targeting $7 Billion Raise

SB Energy, the data center and energy infrastructure company controlled by SoftBank, filed for an initial public offering with the U.S. Securities and Exchange Commission on September 1, aiming to…

Oracle Cuts About 10,000 Jobs, With India Bearing the Brunt

The emails went out before sunrise. Employees in Bengaluru and other Indian technology hubs opened their inboxes around 6 a.m. on September 1 to find notices that their jobs were…

Google Signs Record 396-Megawatt Geothermal Deal With Fervo

On September 1, Fervo Energy and Google announced a 396-megawatt geothermal power agreement, the largest single geothermal contract either company has signed. The 15-year deal covers power from a project…