AI Cloud Firm Nscale Seeks $3.5 Billion Ahead of a Possible Listing
Nscale, the London-based cloud company built to rent computing power to artificial-intelligence labs, is talking to investors about raising as much as $3.5 billion before it goes public, according to…
Saudi AI Firm Humain Begins Assembling Its IPO Team
The job post went up on Sunday, and it read less like a routine hiring notice than a public statement of intent. Tareq Amin, the chief executive of the Saudi…
Nigeria Opens Probe Into Uber’s Abrupt Exit
Uber’s ride-hailing app has been part of Lagos life for more than a decade, ferrying commuters through the traffic of Africa’s largest city since 2014. This month the company switched…
Tesla Shares Fall 6% as Cybercab Update Disappoints
Tesla published an update on its Cybercab program on Friday, and investors answered with a sale. By the close, the company’s shares were down about 6 percent, one of the…
Apple Studies New Ways to Raise App Store Revenue
Last week, Apple lost the executive who had defended its App Store rules through the industry’s longest-running fights, and the company let him go with little public explanation. This week,…
Anthropic Moves Its IPO Filing to Late September
The bankers and lawyers running Anthropic’s initial public offering had told investors to expect the company’s registration documents as soon as this week. The calendar has moved. Anthropic now plans…
ASML Plans to Grow Its Japan Team by 40 Percent as New Fabs Rise Nearby
The most valuable machine in the semiconductor industry is made in the Netherlands, but its next customers are building factories in Japan, and the company that makes the machines is…
Qualcomm Backs Ultrahuman’s Plan to Turn the Smart Ring Into a Computer
The smart ring was born as a health device, a quiet band of sensors that tells its owner how they slept and how hard they trained. Qualcomm is investing in…
Nvidia’s $99 Billion Year of Writing Checks to the Companies It Sells To
The most active investor in the AI industry is not a venture firm, a sovereign wealth fund or a hedge fund. It is the company that makes the chips. Nvidia…
SoftBank Raises ¥1 Trillion From Japanese Households at Double the Going Rate
The savers of Japan have long been the world’s most cautious investors, keeping trillions of yen in bank deposits that pay almost nothing. Masayoshi Son wants to put that money…
