Microsoft Puts $10 Billion Behind Middle East AI
Two years ago, Microsoft paid $1.5 billion for a stake in G42, an Abu Dhabi artificial-intelligence company, and took a seat on its board. This week the software giant said…
Big Cloud’s AI Bill Tops $4.2 Trillion Through 2029
For years, the largest cloud companies paid for their data centers the way they paid for everything else: out of the cash their businesses threw off. That habit is breaking.…
Mercedes Weighs 800 Million Euros in German Labor Cuts
In a meeting hall at Mercedes-Benz’s flagship plant in Sindelfingen, workers were told something management had been circling for months: producing cars in Germany has become too expensive. Mercedes-Benz is…
Home Insurers Built on Software Line Up for IPOs
For the better part of a decade, the story in American homeowners insurance ran in one direction: big carriers raising prices, dropping policies and pulling out of states where storms…
Trump’s July Portfolio: Big Tech Sales and a SpaceX Stake
The financial disclosure landed Tuesday, and it read less like a president’s finances than a trading desk’s daily log. On July 20, Donald Trump sold between $5 million and $25…
Snorkel AI’s Valuation Triples to $3.5 Billion
Alex Ratner spent years telling companies the bottleneck in artificial intelligence was not the model but the data. On September 22, the market put a number on that idea. Snorkel…
Andreessen Horowitz Opens a School for Builders
For two decades, Silicon Valley has told ambitious teenagers that college is optional and the fastest way to the top is to drop out and start building. One of the…
Howard Marks Sees the $5 Trillion AI Boom Keeping Rates High
Howard Marks built Oaktree Capital on a simple idea: the most important fact in any investment is the price of money. For months, Wall Street has been waiting for that…
Britain Presses Google to Open the Door to Rival Search Engines
For more than nine in ten internet searches in Britain, there is only one door. On September 23, the country’s competition regulator took another step toward forcing Google to install…
Micron’s Taoyuan Workers Move Toward a Strike Vote
For months, the people who run some of the world’s most valuable memory-chip plants have watched their company post record margins. On September 23, the union at Micron’s Taoyuan plant…
