Higgsfield Raises $400 Million as AI Video Ads Catch On
Higgsfield, a startup that generates advertising video from text prompts, said on Aug. 17 it closed a $400 million Series B round led by DST Global, valuing the company at…
AI Chip and Storage Stocks Slide as Treasury Yields Hit 19-Year High
The mood that lifted AI hardware stocks on Monday vanished by Tuesday’s premarket session. Nvidia fell about 2%, Marvell dropped more than 6%, and storage makers SanDisk and Micron declined…
Alphabet Plans First Australian Bond Sale of A$5 Billion
SYDNEY — Bond desks across Sydney were still setting up for the week when the mandate landed: Alphabet, the parent of Google, wants to borrow in Australian dollars for the…
Anthropic’s Q2 Revenue Jumps 14-Fold Ahead of a Blockbuster IPO
SAN FRANCISCO — The filing landed with the Securities and Exchange Commission in June, wrapped in the confidentiality that American law grants companies preparing to go public. The number inside…
SpaceX Closes $60 Billion All-Stock Deal for Cursor
CAPE CANAVERAL, Fla. — The merger agreement was signed in June, priced in shares rather than cash, and on Thursday the paperwork landed with regulators: SpaceX has completed its acquisition…
PandaAI Raises Three Rounds to Push AI Into Trading Desks
BEIJING — The pitch that PandaAI’s founders have been making to Chinese investors is simple: the tools that made AI useful for writing and coding can be aimed at trading.…
Stripe Nears Finish Line on $7 Billion OpenRouter Purchase
SAN FRANCISCO — The two companies had been circling each other since midsummer, and by Sunday the outline of a deal was firm. Stripe, the payments giant, has finalized an…
OpenRouter’s Fivefold Jump Shows What AI Traffic Is Worth
NEW YORK — A little more than three months ago, OpenRouter raised money at a valuation of about $1.3 billion, with GV, Alphabet’s venture arm, leading the round. On Sunday,…
Nvidia Backs OpenAI’s Ohio Campus With $105 Billion Guarantee
PIKE COUNTY, Ohio — The site sits on the former Portsmouth Gaseous Diffusion Plant, a Cold War relic whose enrichment buildings have stood empty for decades. By the end of…
SanDisk’s 80 Percent Margin Target Puts Memory Peers in the Spotlight
NEW YORK — SanDisk’s chief executive stood before analysts on Aug. 13 and laid out a future most memory makers would have considered fantasy two years ago: adjusted gross margins…
