AI Stocks Fall for a Second Day as the 10-Year Yield Tops 5 Percent
On the morning of September 15, the 10-year Treasury yield touched 5 percent for the first time since 2007. Within hours, the move had found its target: the artificial-intelligence trade…
Justice Department Examines Nvidia’s Groq Deal
The U.S. Justice Department’s antitrust division has opened an investigation into Nvidia’s licensing agreement with the AI chip company Groq, examining whether the deal’s structure was designed to avoid a…
A $110 Billion Media Merger Heads to Settlement Talks
A federal magistrate judge ordered the parties in the Paramount-Warner Bros. Discovery merger dispute to sit down for two days of in-person settlement talks at the end of October. Magistrate…
Kraken’s Parent Seeks U.S. Perpetual Futures; Kaiko Raises $110 Million
Payward, the parent company of the crypto exchange Kraken, filed an application on September 12 to offer perpetual futures contracts to eligible U.S. traders under Commodity Futures Trading Commission oversight.…
Sony’s $7.85 Million Settlement Ends a Fight Over Game Downloads
Sony Interactive Entertainment agreed to set aside $7.85 million to settle a class action that accused the company of monopolizing digital game sales on the PlayStation Store, according to a…
Data Centers Need 45 Gigawatts of New Power, Moody’s Says
The American data center boom will require roughly 45 gigawatts of new generating capacity by 2030, an investment of about $110 billion, Moody’s Ratings estimated in a report published September…
An Australian Data Center Operator Chases a $5 Billion IPO
Firmus, an Australian operator of data centers built for artificial intelligence workloads, plans to test public markets before the end of October. The company is targeting an initial public offering…
Temporal Raises $550 Million at $12.55 Billion Valuation
Temporal, the AI infrastructure company, said on September 14 that it raised $550 million in a Series E round that values it at $12.55 billion. The round was led by…
Lyft Enters Robotaxis Through Waymo
Lyft riders in Nashville can now summon a car with no one in the driver’s seat. On September 13, Waymo’s driverless taxis became available through the Lyft app, the first…
Porsche Exits Rimac, Booking About a Billion Euros
Porsche has sold its stakes in Bugatti Rimac and the Rimac Group, closing the book on an experiment that paired a century-old sports-car maker with a young electric-supercar company. The…
