Microsoft’s AI Backlog Climbs to $678 Billion
The number, buried in Microsoft’s latest quarterly filing, is now the most cited figure in the debate over whether the AI boom is real: $678 billion in contracted but unrecognized…
Samsung Plans Over $72 Billion Shareholder Return Program
For decades, investors in Samsung Electronics groused about the same thing: the company hoarded cash, paid modest dividends and seemed allergic to the kind of buybacks that U.S. tech giants…
AI Chip Startup Fractile in Talks at $6.5 Billion Valuation
Anthropic wants to buy about $250 million of chips from a London startup most people have never heard of. That order is now at the center of one of the…
Nvidia in Talks to Back AI Data Supplier Mercor
The training data that powers Nvidia’s open-source model ambitions may soon have a new financial backer: Nvidia itself. The chip maker is in talks to invest in Mercor, an AI…
Nebius Plans $4.5 Billion Convertible Bond Sale
Nebius, the AI cloud company led by Yandex co-founder Arkady Volozh, is borrowing against its own stock to build data centers it says it cannot build fast enough. The company…
Etched Raises $700 Million at $21 Billion Valuation
The first rack of Etched computers sits in a Jane Street data center, running inference workloads for the trading firm that just led the AI chip startup’s latest funding round.…
Amex GBT Agrees to $6.3 Billion Take-Private by Long Lake
Four years after riding a blank-check boom onto the New York Stock Exchange, the world’s largest corporate travel company is heading back into private hands. Long Lake Management agreed to…
DOJ Probes a16z’s Board Seats at Two Rival Data Companies
The Justice Department has opened an investigation into Andreessen Horowitz, one of Silicon Valley’s most influential venture firms, focusing on its presence on the boards of two competing data companies,…
Etched Doubles Its Valuation to $21 Billion as Investors Bet on a Niche Bet
Etched, a startup that makes chips specifically designed to run artificial-intelligence models, said Tuesday it has closed a $700 million funding round that values the company at $21 billion, double…
Wall Street Starts Pricing a Tesla-SpaceX Union, One Rocket at a Time
The roadster has been delayed so often that its launch date has become a joke in car circles, but a former Tesla president said Wednesday that the delays are not…
