Nebius Plans $4.5 Billion Convertible Sale to Keep Pace in AI Cloud Race
Nebius Group said Wednesday it plans to raise $4.5 billion through a private placement of convertible senior notes, money it will use to build data centers and expand its AI…
Marvell Hands Google $12.2 Billion in Warrants in Custom-Chip Pact
Marvell Technology said Wednesday it will issue warrants to Google giving the search giant the right to buy about $12.2 billion of Marvell stock, roughly 7% of the company, as…
SK Hynix Unveils $28.6 Billion Buyback as AI Memory Boom Faces a Test
The announcement landed at 8 a.m. in Seoul, before the market opened, and for a few hours it worked. SK Hynix said Wednesday it would buy back and cancel about…
Anthropic’s Revenue Tops OpenAI’s as the AI Rivalry Tilts
Anthropic’s second-quarter revenue reached roughly $11.5 billion to $12 billion, according to a Wall Street Journal review of financial documents, surpassing OpenAI’s $6.7 billion in the same period for the…
Anthropic Plots Super-Voting Shares to Shield Founders Ahead of IPO
Anthropic plans to grant its chief executive, Dario Amodei, and the company’s other co-founders a class of shares with outsized voting power, according to two people familiar with the matter,…
Samsung Raises Foundry Prices by Up to 15% as AI Demand Strains Plants
Samsung Electronics has raised prices on new orders for some of its most advanced chip-making services by as much as 15%, according to people familiar with the matter, the latest…
Ackman’s Bet on a Stake for Everyone at Pershing Square
Bill Ackman was a few minutes into the podcast when he dropped the detail that made the clip travel. At Pershing Square, the $35 billion hedge fund he founded, even…
Billionaires’ Exodus Tests California’s Wealth-Tax Gambit
The spreadsheet makes the rounds among California wealth managers with urgency and a touch of gallows humor. One column lists clients who have already filed change-of-residence paperwork for Nevada, Texas…
Spotify Founder’s Neko Health Opens First U.S. Clinic in New York
The full-body scanner that has screened tens of thousands of patients in Europe arrives in New York this week. Neko Health, the health startup founded by Spotify creator Daniel Ek,…
NASA Opens $100 Million Contract to Four Companies, SpaceX Left Out
NASA has chosen four companies, All Points Logistics, Blue Origin, Firefly Aerospace, and L3Harris, to compete for a $100 million contract covering the handling of spacecraft and rocket hardware, the…
