SK Square’s Record Profit Becomes Ammunition for AI and Chip Deals
The numbers that SK Square reported on August 14 came from a single source: SK Hynix. The investment holding company of South Korea’s SK Group posted second-quarter profit roughly 13…
Nvidia Plans $3 Billion Stake in SB Energy as OpenAI Guarantee Shrinks
Nvidia’s bet on OpenAI is changing shape. The chip maker is in talks to invest as much as $3 billion in SB Energy, the renewable-power company controlled by SoftBank, according…
PayPal Revives Sale Talks as Stock Trades Above Offer Price
On Friday, PayPal’s shares closed at $61.67. The takeover bid that a consortium put on the table in July was $60.50 a share. The market, in other words, has already…
Anthropic’s Revenue Surge Sets Up a Fall IPO Story
The documents that reached Bloomberg reporters this week describe a company growing faster than any of its public peers. Anthropic, the artificial-intelligence startup behind the Claude chatbot, told investors in…
‘Big Short’ Investor Eisman Warns AI Boom Rests on Two Private Companies
Steve Eisman made his name betting against subprime mortgages before the 2008 financial crisis, a trade chronicled in the book and film “The Big Short.” On Aug. 13, he turned…
Microsoft Retires Copilot Features and Mascot in a Rare Product Retreat
The mascot had a ten-month run: a round, purple creature named Mico that Microsoft introduced to give its AI assistant a face. On Aug. 13, the company said Mico is…
SK Hynix Plans $720 Billion Expansion to Triple Memory Capacity by 2034
The construction site stretches across the hills south of Seoul, where cranes now outnumber the trees. CNBC toured the complex on Aug. 13, and the scale of what SK Hynix…
OpenAI Names Dali Rajic Chief Revenue Officer, Its Second in a Year
OpenAI has a new sales chief, again. The company announced Aug. 14 that Dali Rajic, former president and chief operating officer of the cybersecurity firm Wiz, will become chief revenue…
Databricks Raises $5 Billion at $190 Billion Valuation, Led by Coatue
Databricks asked for $1 billion. It left the table with five times that, and a valuation to match. The company announced Aug. 14 that it closed a $5 billion funding…
Musk Holds 48.4% of SpaceX, Worth More Than $900 Billion
A regulatory filing published Aug. 14 lays out the ownership of the most valuable private company in the world in cold numbers: as of June 30, Elon Musk held 48.4…
