Oura Files for an IPO as the Smart-Ring Market Moves From Wrists to Fingers
The next battlefield in wearable technology is not on the wrist. It is on the finger, and the company that made the finger’s most famous device is heading to the…
Abu Dhabi’s G42 Weighs Selling Control to Secure American Chips
Few companies have traveled further in search of computing power than G42, and its latest step may be the most consequential yet. The Abu Dhabi artificial-intelligence company is in talks…
Crusoe Raises $3 Billion and Books a $13 Billion Cloud Deal With Jane Street
The trading firm Jane Street built its name on speed, moving in and out of markets faster than anyone else. Now it is signing up for computing capacity on a…
Anthropic Nears a $15 Billion Credit Line Ahead of Its Expected IPO
The banks that will take Anthropic public appear to be the same banks that are lending it money first. Anthropic is close to finalizing an expansion of its revolving credit…
Thinking Machines Seeks More Than $1 Billion at a $40 Billion Valuation
A year ago, Thinking Machines was a seed-stage startup with a famous founder and no product to speak of. Now it is raising money at a valuation among the most…
Hugging Face’s Chief Defends the Nvidia Deal to the Community
The day Nvidia announced it would buy Hugging Face for $12.93 billion, the loudest questions came not from Wall Street but from the platform’s own users, the millions of developers…
Saudi AI Firm Humain Seeks a $2.5 Billion Fund for Data Centers
The Kingdom of Saudi Arabia has spent years buying artificial-intelligence capacity from abroad. Now one of its own companies wants to build the financing machinery to create it at home.…
TSMC Keeps HBM on Microbumps as Hybrid Bonding Slips
The message went out to suppliers in recent weeks: keep the development lines pointed at microbumps. TSMC, the world’s largest contract chipmaker, has decided to hold off on investing in…
Anthropic’s Sprint to an IPO, and the Record It Wants to Break
When Anthropic’s chief financial officer sat down with prospective investors in August, the questions were not about whether the company would go public. They were about how big the offering…
Nvidia Buys Hugging Face, and Promises to Keep It Open
On the website where millions of programmers go to borrow other people’s models, the ownership is about to change. Nvidia said Thursday that it had agreed to acquire Hugging Face,…
