Schneider Electric to Buy Industrial AI Firm Cognite for $3.1 Billion
Schneider Electric has agreed to acquire Cognite, a Norwegian company whose software organizes data streaming off factory floors, for $3.1 billion in cash, the French energy-management group said. The deal…
Samsung Staff Weigh Exits as Bonus Gap Stings Appliances Unit
A five-year veteran of Samsung Electronics’ appliances and mobile division spent part of last week forwarding SK Hynix job openings to coworkers in an internal chat room. He had never…
Prime Day Opens Strong as Amazon Tests Drone Deliveries to Balconies
The first hours of Amazon’s Prime Day brought the kind of numbers the company’s retail business has been waiting for. Sales on the first day of the annual shopping event…
Tesla’s Q2 Delivery Report Looms After Shares Rally Above $420
The numbers will be released after the market closes on Thursday, and Tesla’s investors have already voted with their money. The company’s shares have risen more than 10 percent this…
Micron’s $100 Billion Order Book Rewrites Memory Math
The earnings call on June 24 had the kind of numbers that used to belong to software companies, not chipmakers. Micron Technology reported revenue of $41.5 billion for its fiscal…
AirTrunk Pledges $30 Billion to Make India an AI Powerhouse
The meeting in New Delhi was brief, and the announcement that followed was anything but. Robin Khuda, the chief executive of AirTrunk, the Australian data-center operator backed by Blackstone, met…
Australia Sues Amazon Over Prime Video Ads
The subscriber paid 79 Australian dollars for a year of Amazon Prime, expecting a year of ad-free video, the way the service had been sold. Instead, in July 2024, the…
TIDAL Cuts Off AI Music From the Royalty Stream
The producer had been making music for eight months with tools that generated complete songs from text prompts, and the process had become routine: type a description, wait a minute,…
Korean Investors Get Nothing as SpaceX IPO Allocation Goes Awry
The phone calls started the morning after the allocation. Korean retail investors who had signed up through Mirae Asset Securities, the country’s largest brokerage, to participate in SpaceX’s initial public…
Waymo and Uber End Their Phoenix Robotaxi Partnership
The robotaxis that have been a familiar sight on the streets of Phoenix will no longer carry the joint branding of their two creators. Waymo and Uber have terminated their…