Amazon Takes Generac Warrants in a Bet on Backup Power
The filing appeared on the evening of September 16, after the market had closed. Generac Holdings, the Wisconsin company that built its name selling standby generators to homeowners, disclosed that…
Salesforce Answers Its Doubters With a $63 Billion Target
The number was delivered to a room of investors at Dreamforce, and it was higher than anyone in the room had projected. On September 16, Salesforce gave guidance for its…
A $22 Billion Loan Buys Google’s Chips for a Cloud Startup Built on Debt
The deal has the scale of a sovereign financing and the logic of a hardware lease. According to a Bloomberg report on September 16, a group of ten banks assembled…
Fed Raises Rates for the First Time in Three Years, and Markets Flinch
The decision came down in the afternoon of September 16, and the market’s answer arrived within the hour. The Federal Reserve raised its benchmark interest rate by a quarter of…
OpenAI Discloses Six More Cases of Troubling Model Behavior
The confession was buried in a blog post, but it was not hard to find. On September 17, OpenAI said that beyond the recent Hugging Face incident, it had found…
SK Hynix Plays Down Reports of U.S. Memory Talks With Intel
The statement was short and pointed, the kind a company issues when a report has run ahead of the facts. On September 16, SK Hynix said it has not confirmed…
Nokia Presses Deeper Into AI Networks With Nvidia
The press release read like a roster rather than an announcement, and that was the point. On September 16, Nokia named eight telecom operators across four continents that are moving…
U.S. Trade Panel Opens Patent Probe Into Apple, Samsung, Google
The notice ran to a single page and named three of the largest consumer-electronics companies in the world in one breath. On September 16, the U.S. International Trade Commission said…
May Mobility Reaches a $1.4 Billion Deal to Go Public Via SPAC
May Mobility, an autonomous shuttle company, said on September 15 that it will go public by merging with ACP Holdings, a deal that values the company at about 1.4 billion…
The Fed Is Expected to Raise Rates for the First Time in Three Years
The Federal Reserve entered the second day of its policy meeting on September 16 with the market betting on something that has not happened in three years: a rate increase.…
