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Joint ventures. Backstop agreements. Syndicated debt offerings. The richest tech companies and their bankers are developing increasingly complicated financial strategies to meet the soaring demands of funding artificial intelligence.
The goal for companies like Google and Meta Platforms is to stay ahead in the AI race while offloading some of the costs and risks of the buildout. Meta is raising $29 billion for a joint venture to build a data center in Louisiana called Hyperion. Meta sees the deal as an imp
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The Information
At a White House dinner Thursday night, America’s tech executives put on an uncanny display of fealty to Donald Trump. Read more ›
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AMD holds the gaming performance crown for desktop CPUs. It wasn't always like that, and a dive into the history of how the current status quo came to be is wrought with a hard-fought battle between two titans. Read more ›
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The raid targeted the construction of a new factory in Georgia. The timing was less than ideal. Read more ›
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Attorneys-general of California and Delaware threaten to block tech group’s planned restructuring Read more ›
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The Pentagon called the move, which occurred in international waters, "highly provocative" and said it was meant to interfere with operations. Read more ›
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Melania Trump, who remained an enigmatic figure during President Donald Trump's first term, continues to keep a low profile during his second. Read more ›
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Several third-party case manufacturers are banking on leaked iPhone 17 designs, with companies like Spigen, Dbrand, Nudient, and Pitaka all showcasing nearly identical case cutouts several days before Apple's "Awe dropping" iPhone event. MacRumors readers have contacted us about the cases, many of which prominently feature space for the rumored camera bar redesign for the iPhone 17 Pro models. The cases clearly show cutouts for the expected horizontal camera array... Read more ›
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Grok was the most optimistic about Elon Musk's odds. Google's Gemini estimated his chances of achieving all pay milestones were "effectively zero." Read more ›
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Columbia is the latest university testing an AI debate platform that moderates student disagreements in real time, as the university leans into Trump demands for continued funding. Read more ›
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They're not beating the charges of having no ability to create original works. Read more ›
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As Klarna prepares to IPO next week, it announced a return-to-office policy, partly blaming losing talent to firms that prioritize in-person work. Read more ›
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Apple made several battery-related changes in iOS 26, introducing features that make it easier to tell which apps are draining battery and new ways to extend battery life. Battery Design Changes Apple updated the Battery section of the Settings app in iOS 26, and the new design provides a more in-depth look at how iPhone usage impacts battery and how much battery apps are draining. The top of the Battery... Read more ›
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Apple is set to unveil the iPhone 17 series in just four days from now, and the biggest design mystery surrounding the Pro models has finally been solved. In a report outlining his expectations for Apple's event next week, Bloomberg's Mark Gurman said the iPhone 17 Pro models will have "a new cutout area on the bottom two-thirds of the phone that doubles as the wireless charging area." Last year,... Read more ›
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The case comes after a US judge gave Google a light punishment for operating an illegal monopoly in online search. Read more ›
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Melania Trump's best looks as first lady balance professional style and chicness, but she has also worn some controversial outfits. Read more ›
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President Donald Trump is expected to sign an executive order on Friday renaming the Department of Defense the “Department of War.” The move on its own has no legal power; officially changing the name would require approval by Congress, though the White House is reportedly looking for ways around that. Changing the signage and branding […] Read more ›
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US officials said a deadly strike on a suspected drug boat in the Caribbean Sea this week marks the start of a new campaign. Read more ›
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The pay package is unprecedented in both its size and the scale at which Tesla would have to grow for Elon Musk to achieve it. Read more ›
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I started contributing to my 401(k) too late and never bought property. I was busy finding myself and now I wonder what retirement will look like. Read more ›
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The Information
Google is one of the largest buyers of Nvidia’s artificial intelligence chips, which it rents out to Google Cloud customers such as OpenAI and Meta Platforms. But Google’s grand ambitions for its own competing AI chips show no sign of slowing down. In the latest example, Google recently approached small cloud providers that primarily rent out Nvidia chips about also hosting Google’s AI chips in their data centers, according to... Read more ›
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KKR is bringing on former Amazon Web Services boss Adam Selipsky as a strategic advisor to bolster the private equity firm’s big bets on data centers and the technical infrastructure powering artificial intelligence. Selipsky will advise on strategy, capital allocation and governance for KKR’s ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Finally! An explanation of what the Musk-Altman legal feud really means• The Arena: Can the metaverse and TikTok help tennis connect with young fans?• Plus, our Recommendations: “The Rise and Fall of Indie Sleaze,” “Anointed” and “Alien: Earth” Generally speaking, humans communicate with each other through words. As for artificial intelligence, we’re still figuring out exactly how it can communicate, and—well, it’s... Read more ›
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Even as StubHub makes a renewed push to go public, its business isn’t expanding as quickly as it had hoped. In the first half of this year, the ticketing app fell short of revenue and profit projections it shared with lenders earlier this year, in part due to new U.S. ticket pricing rules. The shortfall highlights the volatile nature of the ticketing industry, which is heavily dependent on the flow... Read more ›
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Nasdaq is stepping up its scrutiny of companies listed on its exchange that are aiming to get a stock price boost by raising money to buy and hoard crypto, according to company filings and people familiar with the matter. The exchange’s move could slow the crypto boom that is putting increasingly exotic tokens on mainstream markets. The stock exchange, where the vast majority of crypto stocks are trading, is requiring... Read more ›
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Elon Musk’s xAI sued a former employee for allegedly stealing trade secrets when the engineer left to join OpenAI. The lawsuit accuses former xAI engineer Xuechen Li of downloading information about “cutting-edge AI technologies with features superior to those offered by ChatGPT” days before he ... Read more ›
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OpenEvidence, which operates a ChatGPT-like product for doctors to find health information, is considering multiple investment offers valuing the three-year-old startup at $6 billion, nearly double its private valuation from a financing just one month ago, according to three people involved in the potential deal. The funding conversations are still in their early stages. If a deal happens, the company is likely to raise more than $100 million, one of... Read more ›
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U.S. tech merger activity is headed for its best year since 2021—driven in part by enterprise software and other older tech companies acquiring artificial intelligence startups to beef up their AI offerings. So far this year, U.S. software companies have spent nearly $33.8 billion on 140 completed AI acquisitions, surpassing the combined volume of the past three years, according to data provider PitchBook. During the same period, U.S. companies have... Read more ›
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Lambda, a cloud provider that rents out Nvidia graphics chips for artificial intelligence, has hired investment banks to prepare for an initial public offering in the U.S., according to people with direct knowledge of the talks. The San Jose, Calif.-based startup has hired Morgan Stanley, J.P. Morgan and Citi to prepare for a listing as soon as the first half of next year, the people said. The 13-year-old company is... Read more ›
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As we wrap up for the Labor Day weekend, one question has persisted through this week: Why is Nvidia CEO Jensen Huang so determined to demonstrate his need for the Chinese market? With Nvidia’s ability to sell its artificial intelligence chips to China currently in limbo—caught between U.S. and Chinese government restrictions—another CEO might be playing down China’s importance to the company. Nvidia is growing like gangbusters without China, so... Read more ›
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Most popular sources
Business Insider
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27% 7 |
Wired
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16% 9 |
Financial Times
|
7% 6 |
Gizmodo
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6% 5 |
Tom's Hardware
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6% 3 |
| View sources » | |
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05.09.2025 15:44
Last update: 15:36 EDT.
News rating updated: 22:31.
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