Samsung Pay Deal Averts 18-Day Chip Strike
The vote closed at 7 a.m. Wednesday, minutes before a strike deadline that had hung over the world’s largest memory-chip maker for weeks. Union officials in Suwon, south of Seoul,…
Kuaishou CEO: Kling AI’s Annualized Revenue Approaches $500 Million
Cheng Yixiao, Kuaishou’s chief executive, brought a number to the company’s first-quarter earnings call that investors have been waiting to hear from China’s AI industry: a real revenue figure, growing…
Micron Crosses $1 Trillion as Memory Stocks Lead a Split Market
The closing bell on May 26 split Wall Street into two markets. The Dow Jones Industrial Average fell 0.23%, the S&P 500 rose 0.61%, and the Nasdaq Composite gained 1.19%.…
Dropbox’s Drew Houston Hands Over the CEO Role
In 2007, Drew Houston forgot a USB drive on a bus from Boston to New York, and the annoyance became a company. The frustration of carrying files on physical media…
7-Eleven Data Breach Exposes 185,000 Records
The most personal numbers a company can hold, names, birth dates, addresses, and Social Security numbers, were taken in a data breach at 7-Eleven, according to a report by TechCrunch.…
At Cisco, AI Raises Output but Lowers Trust
A network engineer in one of Cisco Systems’ offices has a question about a routing protocol. Instead of walking to a colleague’s desk or pinging the team chat, she pastes…
Micron Joins $1 Trillion Club as Memory Prices Surge
A stock that many investors had written off as a cyclical also-ran has become one of the fastest ways to bet on the AI boom. Micron Technology shares jumped 18%…
Faraday Future Signs 23-Robot Deal With Education Group
On Tuesday morning, Jia Yueting took to social media with news that his electric-vehicle company, struggling for years to prove it could survive, had landed its biggest robotics order yet.…
Anthropic Nears a $900 Billion Valuation, Topping OpenAI
Dario Amodei has spent five years telling investors that Anthropic would eventually be worth more than the company he left. This month, that claim is on the verge of coming…
Anthropic Nears a $30 Billion Raise, Closing In on OpenAI’s Valuation
For the first time, corporate spending on Claude has edged past spending on ChatGPT, according to data that investors have been passing around this month. Ramp’s April AI Index, a…
