Nvidia, Ooredoo and Nokia to Build 1-Gigawatt AI Platform in Indonesia
The announcement from Ooredoo came with a number that has become the new unit of ambition in the global AI race: one gigawatt. The Qatari telecommunications group said it will…
Microsoft’s AI Revenue Rides on OpenAI, New Filing Shows
The number had been the subject of months of investor guessing, and a new regulatory filing finally supplied it: about $24 billion. That is what Microsoft booked from OpenAI over…
Tesla Starts Mass Production of Megapack 3 Storage Units
The first units were rolling off the line this week, and for Tesla’s energy division the moment was a long time coming. Megapack 3, the company’s next-generation grid-scale storage product,…
TSMC Sits on $1 Billion in Finished Apple Chips as DRAM Shortage Bites
Inside TSMC’s fabs, the work is done. The 2-nanometer chips Apple ordered are manufactured, tested and packed, worth roughly $1 billion, or about NT$32 billion. And there they sit, because…
Apple Buys Czech Materials Firm PlasmaSolve
The acquisition had been whispered about since early August; this week, trade publications including Photonics Spectra confirmed it. Apple has bought PlasmaSolve, a Czech materials-science company whose specialty is plasma…
SoftBank’s Quarterly Profit Beats Forecasts as Intel Stake Yields $8.2 Billion
When SoftBank Group’s April-June results crossed the wires on Wednesday, the headline number appeared to disappoint: net profit fell 18% from a year earlier. Then the market looked at the…
SK Hynix Shares Flash-Crash Again on Nextrade, KOSPI Falls 4.6%
The circuit breaker tripped before the Seoul market had even opened. On Nextrade, South Korea’s alternative trading platform, SK Hynix shares plunged 30% in pre-market trading on Wednesday, triggering a…
SpaceX Lockup Expiry Piles Pressure on Shares After Earnings Drop
The calendar flipped to August 6, and the lockup that had kept nearly a billion SpaceX shares off the market expired at midnight. By morning, roughly 911.5 million shares held…
Alphabet Returns to Debt Market With $25 Billion Bond Sale
The term sheets began moving through Wall Street syndicate desks before the trading day started: ten tranches, maturities stretching from two years to forty, and a target of as much…
Musk’s Wealth Sheds $363 Billion in One Month
Elon Musk’s personal fortune fell by about $363 billion in July, according to a report by China News Service, the steepest monthly decline for a billionaire in recent memory, as…
