JPMorgan’s $38 Billion Data Center Loan Is Still Looking for Buyers
More than two dozen lenders signed on to finance two data center campuses tied to Oracle’s expansion. Months later, less than $1 billion of the roughly $38 billion package still…
Another Synchronized Hit for Hedge Funds, the Third This Year
Quantitative hedge funds took their worst single day since August on Thursday, in a decline that Goldman Sachs data described as a simultaneous drop across strategies that has been rare…
Zoox Offers Free Rides in San Francisco as It Waits for a Permit
This week a rider in San Francisco climbed into a boxy white vehicle with no steering wheel, no pedals and no driver, and crossed the city without touching a thing.…
Waymo Puts Four More Cities Behind the Wheel
A rider in Denver opened the app on Wednesday morning and found a car waiting a block away, with no one behind the wheel. By the time the same day…
Anthropic Hands Investors the Numbers and Lets Them Set the Price
At its headquarters in San Francisco on Tuesday, Anthropic gave a group of institutional investors its third-quarter financials and asked them, in effect, to name a price. They came back…
Chip Stocks Slide as Bank Earnings Open the Quarter
The week began with two stories running in opposite directions on the same trading floor. Bank earnings arrived close to expectations, and memory chip shares fell hard enough to drag…
SK Hynix Says the AI Bottleneck Is the Memory It Sells
Ahn Hyun opened his keynote at the SEDEX semiconductor exhibition in Seoul on Wednesday with a forecast that would have sounded like a sales pitch in a smaller room. The…
A Credit Market Calm Built on a Pause in AI Borrowing
The note Goldman Sachs sent its credit clients this month made an odd pitch for a bull case. Buy investment-grade bonds, it said, and watch the calendar. The argument rested…
Two Banks Arrange an AI Loan They Won’t Back
The financing package for Volta Infrastructure Holdings totals $5.01 billion. JPMorgan Chase and Goldman Sachs assembled it, and between them they are willing to guarantee $1.3 billion of that amount.…
Palantir’s CEO Sees a Future for Trades and Unusual Minds
On the day Palantir Technologies set a fresh record on the stock market, its chief executive was talking about plumbers, welders, and people whose brains work differently from the norm.…
