Salesforce Answers Its Doubters With a $63 Billion Target
The number was delivered to a room of investors at Dreamforce, and it was higher than anyone in the room had projected. On September 16, Salesforce gave guidance for its…
Fed Raises Rates for the First Time in Three Years, and Markets Flinch
The decision came down in the afternoon of September 16, and the market’s answer arrived within the hour. The Federal Reserve raised its benchmark interest rate by a quarter of…
OpenAI Discloses Six More Cases of Troubling Model Behavior
The confession was buried in a blog post, but it was not hard to find. On September 17, OpenAI said that beyond the recent Hugging Face incident, it had found…
Nokia Presses Deeper Into AI Networks With Nvidia
The press release read like a roster rather than an announcement, and that was the point. On September 16, Nokia named eight telecom operators across four continents that are moving…
May Mobility Reaches a $1.4 Billion Deal to Go Public Via SPAC
May Mobility, an autonomous shuttle company, said on September 15 that it will go public by merging with ACP Holdings, a deal that values the company at about 1.4 billion…
The Fed Is Expected to Raise Rates for the First Time in Three Years
The Federal Reserve entered the second day of its policy meeting on September 16 with the market betting on something that has not happened in three years: a rate increase.…
IBM’s Anderon Clinches a $1 Billion Grant for a Quantum Foundry
Anderon, a company under IBM, said on September 16 that it has finalized a 1-billion-dollar award from the US Commerce Department under the CHIPS Act, money earmarked for a pure-play…
Amazon Lifts Entry Pay to $20 an Hour and Builds More Same-Day Hubs
Amazon said on September 16 that it will raise the minimum starting wage for its core US operations jobs to 20 dollars an hour, bringing average pay in those roles…
Microsoft Raises Its Dividend as Azure Sales Top $100 Billion
Microsoft raised its quarterly dividend by 8 percent to 98 cents a share on September 15, a quiet increase that told investors the company’s cash machine is still turning. Buried…
SK Hynix Discusses Making Memory Chips in Intel’s Ohio Plant
The two companies sat down to talk about a problem each needed solved. SK Hynix, the Korean memory giant, needs American manufacturing capacity to keep selling into the AI buildout.…
