Huang says data centers can fix grid they strain
Nvidia chief executive Jensen Huang told CNBC on Wednesday that the AI industry must do "better" selling communities on the data center build-out that
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Stripe and Advent walk away from PayPal pursuit
A consortium of Stripe and Advent International has ended its attempt to acquire PayPal, Bloomberg reported on Friday, citing people familiar with the…
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Chevron Secures 20-Year Microsoft Power Agreement
Chevron’s second-quarter beat was the headline, but the real story landed three weeks earlier when the company locked in a two-decade take-or-pay powe
TotalEnergies Transfers Arctic LNG 2 Stake to Novatek Subsidiary
TotalEnergies has completed the transfer of its 10 percent stake in the sanctioned Arctic LNG 2 project to NordLine, a subsidiary of operator Novatek,
Nvidia Defends Half Trillion Dollar AI Financing Push
Nvidia chief executive Jensen Huang went on television Wednesday to argue that the chipmaker’s expanding role as financier to the AI boom is not a rou
Target CEO Sells $8.2 Million in Stock After 68% Rally
Target chief executive Brian Cornell sold 50,000 shares on August 25 for $8.2 million, trimming a position that had swollen alongside a 68 percent one
SpaceX Commits $100 Billion to Louisiana Starship Campus
SpaceX announced Tuesday a $100 billion Starship campus in Vermilion Parish, Louisiana, a capital commitment that dwarfs the company's recent spending
Nvidia circles Hugging Face as open-weight deals hit $26bn
A reported $13 billion bid for Hugging Face would bring the tally for open-weight AI acquisitions to more than $26 billion in a matter of weeks, count
Gatik Raises $200 Million for Autonomous Trucking Expansion
Gatik has secured $200 million in fresh capital to scale its autonomous trucking operations, the company announced Tuesday, bringing its contracted re
Apple sets September 9 launch under new CEO Ternus
Apple announced Wednesday a September 9 launch event at its Cupertino headquarters, the first product keynote under incoming chief executive John Tern
AWS and the trillion-dollar revenue question
Andy Jassy has moved the goalposts. The Amazon chief executive told analysts last week that Amazon Web Services could eventually surpass $1 trillion i
Hormuz VLCC Freight Hits $20 Million as Gulf Producers Desperate
TotalEnergies chief executive Patrick Pouyanne put a price on the risk premium for moving oil through the Strait of Hormuz on Monday: about $20 millio
Instinct raises $250 million at $2.5 billion valuation
A one-year-old AI startup founded by a 23-year-old has closed a $250 million Series B that values the company at $2.5 billion, bringing total capital
Victory Capital Buys First Eagle for $7 Billion
Victory Capital Holdings agreed to acquire First Eagle Investments from Genstar Capital and employee shareholders for roughly $7 billion in cash and s
Stability AI raises $76M from entertainment majors
Stability AI has closed a $76 million Series B round that pushes its total fundraising to $232 million, but the headline is not the amount. The cap ta
Musk SpaceX Stake Shows Merger Leverage
A fresh SEC filing puts a precise figure on Elon Musk’s grip over Space Exploration Technologies: 6.4 billion shares, or 48.4 percent of the company,
Anthropic IPO could eclipse SpaceX valuation record
Anthropic has confidentially filed for a U.S. listing and may debut before year-end at a valuation that would surpass SpaceX’s $1.77 trillion June flo
Shein targets $27bn Hong Kong float after valuation halves
Shein is pitching a Hong Kong listing at a valuation of up to $27 billion, a 73% discount to the $100 billion price tag investors assigned in 2022, as
Helcim raises $38 million as Canadian banks exit merchant services
Calgary-based Helcim has closed a $38 million Series C round to expand a payments platform that is quietly becoming the default option for regional ba
Nvidia brings Groq inference racks to market after $20 billion deal
Nvidia said Monday its Groq 3 LPX rack has entered full production, the first commercial output from the chipmaker’s largest acquisition to date. The
African tech M&A doubles to 84 deals worth $11.4 billion
African technology companies have doubled their merger pace this year, logging 84 deals worth $11.4 billion in disclosed value through mid-August, as
Ellison WBD Bid Faces Final Hurdle in California Court
Paramount Skydance's $110 billion agreement to acquire Warner Bros. Discovery has cleared every global regulator including the U.S. Department of Just
Anthropic's $65 Billion Run Rate Fuels IPO Speculation
Anthropic, the operator of the Claude chatbot, is running at a $65 billion annualized revenue pace, roughly seven times the rate recorded at the end o
Shein targets $27bn valuation in Hong Kong debut
Shein will list on the Hong Kong stock exchange on Sept. 1 at a valuation near US$27 billion, capping a years-long search for a venue after regulators
Shein targets $1.76bn Hong Kong IPO at $27bn valuation
Shein Global Holdings launched its long-delayed Hong Kong listing on Monday, offering 279 million shares at HK$47.6 to HK$49.5 each to raise up to HK$
Starcloud adds $250 million to Series A at $2.3 billion valuation
Starcloud, a startup building satellites that run AI inference in orbit, has tacked a $250 million extension onto the $170 million Series A it closed
L.A. County study pegs merger cost at $2.78 billion in lost economic value
Los Angeles County has put a price tag on the Paramount Skydance merger with Warner Bros. Discovery: $2.78 billion in economic value, $1.26 billion in
Devoted Health targets $25 billion valuation in new funding round
Devoted Health is in talks to raise capital at a $25 billion valuation, a 56 percent jump from the $16 billion price tag attached to its round earlier
Anthropic IPO Targets SpaceX Record
Anthropic is preparing an initial public offering that could match or exceed the $86.2 billion SpaceX raised in 2024, a figure that would make it the