Sandwich Chain’s IPO Filing Is Full of AI. Investors Should Read It Twice
The filing runs to hundreds of pages, and the word appears dozens of times: artificial intelligence, or its ubiquitous abbreviation, AI. The company making the filing sells submarine sandwiches. Jersey…
Tesla Beats Delivery Estimates as Europe Rebounds
The number came in well ahead of what the analysts had modeled, and the market’s first question was the same one it asks every quarter: what does it mean for…
Nvidia Slips Below $200 as AI Spending Comes Under Scrutiny
The level had become a psychological marker as much as a price, and this week the market passed through it. Nvidia’s shares traded below $200 for the first time in…
OpenAI Engineers Say Running Its Models Now Costs Half as Much
The internal message went out on a Monday morning, unsigned and free of fanfare: OpenAI’s engineers had found a way to run the company’s models for half the price. By…
ASML Lifts Revenue Outlook as AI Chipmakers Race for EUV Machines
The executives gathered in Veldhoven on Thursday to deliver news that the company’s own order book had already signaled for months: demand for the world’s most advanced chip-making machines is…
U.S. Nears Voluntary Safety Standards for Frontier AI Models
The officials and the executives had been meeting for weeks in Washington, and by Thursday an outline had finally taken shape: the government would not impose binding rules, and the…
SoftBank Plans U.S. AI Cloud Push With 10 Gigawatts of Data Centers
The plan, according to people familiar with it, has been in preparation for months, and it is audacious even by SoftBank standards: build an American cloud business from scratch, rent…
LY and Bain Raise Kakaku Bid to $4.1 Billion, Pressuring EQT
The bidding war for Kakaku.com, the Japanese price-comparison operator, escalated Wednesday night when LY Corp and Bain Capital increased their offer to 3,384 yen per share, valuing the company at…
Nvidia Buys Into Security Camera Maker Verkada at $5.8 Billion Valuation
The investment, announced Wednesday, extends Nvidia’s reach into a business it does not usually touch: video surveillance. Verkada, a ten-year-old company that sells security cameras and the software that runs…
SoftBank Restarts $10 Billion Loan Talks, Offering Guarantee on OpenAI Stake
SoftBank Group has resumed negotiations with a consortium of banks over a $10 billion margin loan, this time with a concession designed to address the lenders’ concerns: the company is…
