Cloud Giants Capture Nearly Half of AI Revenue, Barclays Says
For every $100 an AI model company collects, roughly $35 to $40 flows out the door to Amazon, Microsoft and Google. That is the arithmetic at the center of a…
SK Hynix CEO Sees Memory Shortage Running to 2030
In the cleanrooms where SK Hynix etches memory chips, the machines are running flat out, and the chief executive says they will be for years. Kwak Noh-jung, who runs the…
Apple to Pay $250 Million to Settle Siri Advertising Claims
The advertisements were among the most polished Apple ever produced: a woman asking her phone to start a timer, a host asking Siri to queue up a recipe, a traveler…
SB Energy Dangles $5.5 Billion in Warrants to Keep OpenAI as a Tenant
The filing reads less like an IPO prospectus and more like a courtship document. In the draft registration statement SB Energy submitted for its planned stock market debut, the SoftBank-owned…
Italian Buyout Firm Nextalia Closes 1.1 Billion Euros, Shunning the AI Crowd
The fundraising memo made no mention of artificial intelligence. For Nextalia, the Milan-based private equity firm, that was the point. The firm said this month that its second flagship buyout…
Oracle Prepares Another Round of Job Cuts
Oracle has drafted a new round of layoffs that could remove a double-digit percentage of its workforce, according to people familiar with the matter, with employees bracing for announcements around…
Lambda Raises $1 Billion in Debt for Nvidia Chips
Lambda, an AI cloud company that rents out Nvidia’s chips, has completed a $1 billion private short-term debt financing arranged by JPMorgan, according to people familiar with the matter. Bloomberg…
Uber Launches $14.8 Billion Offer for Delivery Hero
Uber published its formal offer document for Delivery Hero on Aug. 27, setting a price of 41.50 euros a share and valuing the German delivery company’s equity at about 13…
Nvidia Loses $253 Billion in a Day on Margin Fears
The stock fell 4.6 percent Thursday, wiping out about $253 billion in market value in a single session. The trigger was not the earnings themselves, which beat expectations, but what…
SpaceX Launches NASA’s Roman Telescope on Falcon Heavy
The Falcon Heavy lifted off at 7:26 a.m. Eastern time from Launch Complex 39A at the Kennedy Space Center, carrying a telescope built to survey the universe at a scale…
