Elon Musk and X Settle Unpaid Severance Lawsuit from Ex-Twitter Executives
The four executives sued Musk last year over what they said was $128 million in unpaid severance.
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Apple and Meta Poised to Settle Antitrust Issues in Europe
The two U.S. tech companies will change business practices
SoftBank Buys ABB’s Struggling Robotics Unit for $5.4 Billion
SoftBank will have to turn around the division.
Data Streaming Firm Confluent Explores Sale
The company attracts takeover interests after losing one-third of its market value in July.
Anthropic to Open India Office Next Year as Local Demand Grows
Competition between OpenAI and Anthropic is heating up in Asia, as both companies accelerate their international expansion.
CoreWeave CEO Says It Won’t Change Core Scientific Bid
A shareholder vote on the all-stock deal is scheduled for October 30.
Nvidia CEO Says Oracle’s AI Cloud Will Be ‘Wonderfully Profitable’
Jensen Huang was responding to a story in The Information, which detailed Oracle’s current margins on GPUs.
Goldman Sachs, JPMorgan Flag Rising Debt Levels at AI Companies
AI-related companies have issued a record $141 billion of debt this year, more than the entire technology, media and telecommunications industry issued in 2024.
Tesla Announces Less Expensive Version of SUV
In 2024, Musk abandoned plans for Tesla to make a $25,000 SUV.
Qualcomm to Buy Circuit-Board Designer Arduino
The companies announced the new Uno Q circuit board.
Stock Market Falls on The Information’s Report on Oracle AI Cloud Margins
The data show the industrywide challenge of renting out Nvidia chips to cloud customers.
Dell Doubles Long Term Revenue Growth Forecast
Dell is a key distributor of servers powered by Nvidia chips.
NYSE Owner to Invest up to $2 billion in Polymarket
Deal values prediction market at $8 billion as it seeks to return to the U.S.
Musk’s XAI Said to Name Ex-Morgan Stanley Banker as CFO
XAI's former CFO quit to join OpenAI.
OpenAI Adds Outside Apps to ChatGPT
OpenAI’s developer event focused on pragmatic software features to enable more use of OpenAI’s models.
CoreWeave Extends Deal Streak With Monolith AI Purchase
Monolith AI, founded in 2016, sells software used by teams of engineers at companies including Nissan, BMW and Honeywell.
SEC investigates AppLovin’s data collection practices
The mobile ad tech company is under review following reports of short sellers, whistleblower
Verizon Appoints Former PayPal CEO Schulman as CEO
The appointment is a sign the telecom giant is hoping to shake up its stalled business.
OpenAI Strikes Six Gigawatt Compute Deal With AMD
As part of the deal, OpenAI will receive the option to purchase up to 10% of AMD stock if it hits certain milestones.
Paramount Acquires The Free Press, Weiss Confirms
In her subscriber email, Weiss said The Press Press will remain independent but would grow "even faster within Paramount."