Music Publishers Sue Anthropic Over Claude Training Data
The complaint landed in a federal courthouse late on a Thursday evening, and it named not just a company but two of its founders. Sony Music Publishing and Warner Chappell,…
OpenAI to Halt Cursor Model Supply After SpaceX Deal
OpenAI told SpaceX this week that it will stop supplying models to Cursor, the AI coding tool SpaceX agreed to buy in June for $60 billion in stock. The cutoff…
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…
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…
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…
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…
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…
SoftBank Seeks $10 Billion Loan to Refinance Its OpenAI Bet
SoftBank Group is in talks to borrow $10 billion for two years to refinance debt it took on to fund its investment in OpenAI, according to people familiar with the…
Marvell Posts Record Revenue but Shares Fall on Chip-Timing Worry
Marvell Technology reported record quarterly revenue on Aug. 28, beating analyst estimates, then watched its shares fall 7.6% in after-hours trading as investors focused on a single line in the…
SK Hynix Breaks Ground on First U.S. HBM Packaging Plant in Indiana
SK Hynix held a groundbreaking ceremony on Aug. 27 for its first U.S. high-bandwidth memory packaging plant, a facility in West Lafayette, Indiana, that will cost more than $4 billion…
