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…
Etched Doubles Its Valuation to $21 Billion as Investors Bet on a Niche Bet
Etched, a startup that makes chips specifically designed to run artificial-intelligence models, said Tuesday it has closed a $700 million funding round that values the company at $21 billion, double…
Maryland’s Digital Ad Tax Falls in Court, Handing Google and Apple Refunds
Maryland’s tax court ruled Tuesday that the state’s digital advertising tax is invalid, ordering refunds for the companies that paid it, including Apple, Google and the streaming service Peacock. The…
Apple Concedes Ground on App Store as Regulators Chip Away at Services
The admission arrived inside the dense language of a securities filing, easy to miss and hard to overstate. Apple, for the first time, told investors that regulatory changes have forced…
Samsung Display Restarts Foldable-Screen Plant After Five-Year Pause
Construction crews are preparing to return to a site in Asan, South Korea, that has stood idle since 2021. Samsung Display, the display-making arm of Samsung Group, has approved the…
Anthropic’s Annualized Revenue Tops $65 Billion as IPO Approaches
In routine investor briefings in late July, executives at Anthropic shared a number that would have seemed implausible two years ago: the company’s annualized revenue had crossed $65 billion, according…
Nvidia Puts $105 Billion Guarantee Behind OpenAI-Bound Ohio Data Center
The chip maker that powered the AI boom is now underwriting its real estate. Nvidia on Aug. 17 announced a multi-year partnership with SB Energy to advance the PORTS Technology…
Meta’s Off-Balance-Sheet AI Obligations Reach $420 Billion, Auditor Flags
Buried in Meta Platforms’ audited financials is a number that does not appear on the balance sheet: roughly $420 billion in AI-related obligations, according to an analysis by the Wall…
OpenAI’s Safety Team Disbanded, Company Says It Was a Reorganization
The Financial Times reported on Aug. 16 that OpenAI disbanded its Preparedness team, the unit charged with assessing catastrophic risks from AI models, at the end of July, folding its…
SpaceX Discloses Shareholder List as 319 Million Shares Come Free
SpaceX, in its latest regulatory filing, laid out who owns the rocket company, and the list reads like a roll call of the modern technology economy. Elon Musk holds 48.4%…
