Uber Launches $14.8 Billion Offer for Delivery Hero
Uber published its formal offer document for Delivery Hero on Aug. 27, setting a price of 41.50 euros a share and valuing the German delivery company’s equity at about 13…
Nvidia Loses $253 Billion in a Day on Margin Fears
The stock fell 4.6 percent Thursday, wiping out about $253 billion in market value in a single session. The trigger was not the earnings themselves, which beat expectations, but what…
OpenAI to Halt Cursor Model Supply After SpaceX Deal
OpenAI told SpaceX this week that it will stop supplying models to Cursor, the AI coding tool SpaceX agreed to buy in June for $60 billion in stock. The cutoff…
Music Publishers Sue Anthropic Over Claude Training Data
The complaint landed in a federal courthouse late on a Thursday evening, and it named not just a company but two of its founders. Sony Music Publishing and Warner Chappell,…
Samsung and SK Hynix Lead 10 Trillion Won Buyback Wave to Prop Up KOSPI
South Korea’s chip giants are buying their own stock at a pace rarely seen, with Samsung Electronics and SK Hynix leading a wave of share repurchases totaling about 10 trillion…
Trump Discloses Nvidia Stake Above $100 Million as He Praises Chip Earnings
President Donald Trump holds more than $100 million in Nvidia stock, according to public disclosures, and he praised the chip maker’s quarterly results on Aug. 28, calling the numbers “incredible.”…
Micron to Spend $10 Billion on AI Research Lab as Trump Praises Memory Maker
Micron Technology said it will invest $10 billion in an artificial intelligence research laboratory in Boise, Idaho, its home city, and President Donald Trump on the evening of Aug. 27…
a16z Raises $1.1 Billion Fund for the ‘Machine Age’ of AI Hardware
Andreessen Horowitz announced on Aug. 28 that it has raised an $1.1 billion fund dedicated to what it calls the Machine Age: physical infrastructure for artificial intelligence. The fund will…
Apple Raises TV+ Price to $14.99 a Month, Joining Streaming’s Inflation Wave
Apple raised the U.S. price of Apple TV+ from $9.99 to $14.99 a month on Aug. 28, effective immediately, and increased the cost of its Apple One bundles as well.…
Intel Completes Roughly $20 Billion Share Sale to Fund AI Chip Push
Intel said it had completed an equity offering of about $20 billion to $23 billion, one of the largest in the company’s history, to fund AI chip capacity and its…
