A Chart, a $1.88 Cap, and a Fight Over the Chip Market’s Biggest Licenses
The dispute between Arm and Qualcomm, the two companies whose designs sit inside nearly every smartphone on Earth, returned to a Delaware federal courtroom this week, and the argument came…
Oracle’s Debt Load Passes $169 Billion as It Chases More AI Chips
The number is now large enough that it is hard to ignore. Oracle, the cloud company that has transformed itself into a landlord for artificial-intelligence computing, has interest-bearing debt above…
Google Gives Gemini a Job, and Waymo Borrows $5 Billion
Google spent Wednesday making the same argument twice: that its AI is ready to go to work. At a cloud event, the company showed a unified Gemini agent that takes…
SoftBank’s Son Wants $100 Billion From the Gulf for AI
Masayoshi Son has gone back to the place that funded his last big gamble. In recent weeks the SoftBank founder has been in contact with investors in the Gulf, including…
SpaceX Buys National Airwaves and Rattles the Phone Giants
The announcement was short, the reaction swift. On Wednesday, SpaceX said it had agreed to buy a nationwide block of spectrum from Grain Management, a digital-infrastructure investor, and the shares…
An AI Drug Startup Files to Go Public, With Nvidia on the Cap Table
Iambic Therapeutics, a San Diego company that uses artificial intelligence to design medicines, registered for a US initial public offering this week, in one of the first tests of whether…
A $20 Billion Gap, a Chip Selloff, and a Footnote About Accounting
The number landed Thursday and sent a jolt through the AI trade. OpenAI told investors its annualized revenue was approaching $50 billion at the end of September, about $20 billion…
Apple Hands Its Deal-Making to a Longtime Deputy
For more than a decade, the executive Apple turned to when it wanted to buy a company was Adrian Perica. That arrangement quietly changed this week, when the company told…
Nvidia-Backed Firmus Turns to Private Money After Dropping Its IPO
The listing was meant to test how much Australian investors would pay for the country’s AI-infrastructure boom. It ended before it really began. Now the company at the center of…
Schneider Electric Bets $22.6 Billion on the Software Above the Factory Floor
Schneider Electric agreed to buy PTC, the American industrial-software maker, for $205 a share in cash, a deal that values the company’s equity at about $22.6 billion. The price is…
