Qualcomm Sends Its Cuts Through the Annual Review
The memo does not use the word layoffs. It describes a company reorganizing around performance and tightening costs, and it says notifications will begin in November, which is when Qualcomm…
Nvidia Names Four German Startups and Leaves the Amounts Out
The four companies were named on stage in Berlin on October 20 at Nvidia’s GTC conference: Agile Robots, Avelios Medical, Mirelo and Reflex Aerospace. All are German. All are early-stage.…
Amazon Puts €16 Billion Into Germany in a Single Year
The number announced in Berlin on October 20 was more than 16 billion euros, about 18 billion dollars, and the detail that mattered was buried in the qualifier: this is…
Anthropic Weighs a Second Nscale Contract as Its First Campus Loses a Tenant
The talks cover a commitment in the range of 45 billion dollars, according to accounts from Bloomberg and Reuters published within hours of each other on the evening of October…
OpenAI Seeks $30 Billion Before Anthropic Sets a Public Price
The commitment letters are being gathered now, according to people familiar with the matter, and the terms carry a deadline as much as a number: at least 30 billion dollars…
Two German Car Makers, Two Ways to Cut a Payroll
Volkswagen’s management has proposed freezing pay at 2026 levels through 2030 for its roughly 660,000 employees worldwide, with promotions and grade changes already halted inside Germany, Handelsblatt reported on October…
Blackstone Closes an $8.7 Billion Energy Fund While Others Wait
Blackstone told investors on October 19 that its fifth energy transition fund had closed at 8.7 billion dollars, hitting its hard cap and finishing more than 50 percent above the…
Tenstorrent Raises $1.5 Billion and Chooses Independence Over a Buyer
The offer came twice this year, once from Intel and once from Qualcomm, according to people familiar with the matter. On October 19 Tenstorrent answered both with a financing: a…
Morgan Stanley Puts a Price on the AI Buildout’s Three Weak Points
The forecast is 1.58 trillion dollars, and it covers one year. Morgan Stanley expects the largest cloud providers and the companies that rent them computing capacity to spend that much…
Seoul Warns That Solidigm’s American IPO May Break Its Rules
The question came from a legislator in a hearing room in Seoul on October 20, and the answer from the head of the Financial Supervisory Service was careful. Lee Chan-jin…
