Paramount Hands Mattel’s Kreiz the Job of Putting It Back Together
The clearest line on Ynon Kreiz’s résumé is a doll. As chairman and chief executive of Mattel, he took Barbie, a plastic toy more than six decades old, and turned…
SoftBank Closes Its $3.1 Billion Takeover of DigitalBridge
SoftBank Group finished the deal it announced a year ago, closing its acquisition of DigitalBridge, the digital infrastructure investment manager, on Sept. 30. The purchase valued the company’s common stock…
Micron Reports After the Close With a $50 Billion Quarter in View
Micron Technology reports fiscal fourth-quarter results after the market closes on Tuesday, and the figure investors expect would have been unthinkable a year ago. Analysts expect revenue of roughly $50.75…
AI Firms and a Union Form a Coalition to Defend Data Center Growth
Artificial intelligence companies, private equity firms and a building-trades union have joined a multi-million-dollar lobbying coalition to make the public case for data center construction, the Financial Times reported on…
Ken Griffin Gives $3 Billion to Carnegie Mellon, the Largest University Gift on Record
Ken Griffin, the founder and chief executive of the hedge fund Citadel, has given $3 billion to Carnegie Mellon University, the largest gift from an individual to an institution of…
IBM’s Quantum Processor Finishes a Sampling Task in 19 Seconds
A commercially available quantum processor has completed a computation that its collaborators estimate would take a classical supercomputer about 110 years. IBM’s Nighthawk r2 processor generated one million samples of…
Broadcom and Toppan Open a Substrate Plant in Singapore
The scarcest thing in the AI supply chain is not always the processor. Sometimes it is the slice of resin, copper and glass the processor is mounted on. On Tuesday,…
Netlist Asks Trade Panel to Ban Micron Chips Used in AI Servers
Netlist Inc. is small by the standards of the semiconductor industry, but for years it has turned a portfolio of memory patents into a weapon against the largest names in…
Tesla Lines Up a $30 Billion Credit Facility for Cybercab and Optimus
For years Tesla presented itself as the automaker that did not need banks. It raised money by selling shares and cars, kept a cash pile large enough to fund its…
OpenAI Is Sued Over the Hugging Face Breach
A nonprofit that spent the summer watching AI systems break loose has taken OpenAI to court over what it says the company should have controlled. Legal Advocates for Safe Science…
