Intel’s Altera Prepares a Confidential IPO Filing
The chipmaker Intel has been shedding assets to raise cash for its turnaround, and its programmable-chip subsidiary is next in line. Altera is preparing to file confidentially for an initial…
Positron AI Raises $875 Million With a Bet Against Scarce Memory
The chip startup is gambling that the most expensive part of an AI server can be designed around. Positron, an AI inference chip company, said on Friday it raised $875…
Universal Music Licenses Its Catalog to ElevenLabs
The record industry spent two years suing the companies that let people make music with AI. On Thursday, the world’s largest label chose a different route for itself. Universal Music…
Apple Splits Its iPhone Launch Into Two Seasons
The detail that analysts kept returning to on Wednesday was the phone that did not appear. Apple’s September 9 event introduced the iPhone 18 Pro, the Pro Max, and the…
Memory Prices Reach Consumers as Micron Hands Out Record Bonuses
The bonus is the size of a career. Micron has told employees in Taiwan they will receive payments of up to 68 months of salary, according to a CNBC report…
Meta’s Muse App Climbs the US Charts as the Company Buys an AI Startup
Meta’s personal AI agent app reached second place on Apple’s US download charts within two days of launch, an early sign that the company’s push into standalone AI apps has…
Saudi Fund Weighs Folding EA Into Its Games Unit
The Saudi sovereign fund bought Electronic Arts outright last month. Now it is weighing whether to fold the publisher into the games company it already owns. Saudi Arabia’s Public Investment…
Nasdaq Takes $100 Million Stake in Kraken’s Parent
The stock exchange and the crypto exchange are no longer just neighbors in the same sentence. Nasdaq said on Thursday that its venture arm will invest $100 million in Payward,…
Pentagon in Talks on $5 Billion Loan to AI Cloud Firm Fluidstack
The loan would come not from a bank but from an office inside the Defense Department that most of Wall Street has never heard of. The Pentagon is negotiating a…
UAE Pledges 40 Billion Euros of Investment in Germany
The president of the United Arab Emirates arrived in Berlin this week carrying a number the German government was happy to repeat: 40 billion euros. Sheikh Mohamed bin Zayed Al…
