Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
SK Hynix Unveils $64 Billion NAND and Packaging Expansion in Cheongju
SK Hynix has detailed a massive 100 trillion won expansion in Cheongju, including an 80 trillion won NAND factory and a 20 trillion won adva
Spain's AI Gigafactory Gets Telefonica, ACS, Santander Backing in Public-Private Push
Spain is launching a public-private partnership to build an AI gigafactory, with Telefonica, ACS, and Santander each taking a 15.67% stake.
BDx Data Centers Explores IPO to Fund AI-Driven Asia Expansion
BDx Data Centers is exploring fundraising options, including a possible IPO, to expand its data center operations in Asia. The move comes as
Meta Turns AI Costs into Revenue as Anthropic's Fable 5 Gets Green Light
Meta may have found a way to turn its massive AI spending into a revenue stream. Meanwhile, Anthropic's Fable 5 AI model is set for release
SoftBank Revives $10B Loan Talks Using OpenAI Stake as Collateral
SoftBank is again negotiating a $10 billion loan secured by its OpenAI stake. Banks are pushing for a repayment guarantee, highlighting the
Musk Denies WSJ Report That SpaceX Pitched AI Device to Investors
Elon Musk has denied a Wall Street Journal report that SpaceX pitched a handset-like AI device to investors ahead of its IPO. The report sai
Bending Spoons IPO Raises $1.68B, Opens Above Offer Price in Test for Software Deals
Bending Spoons, an Italian software serial acquirer, raised $1.68 billion in its US IPO, pricing at $29 and opening at $31. The strong debut
US Lifts Ban on Anthropic's Fable 5 AI Model, but Regulatory Scrutiny Persists
Anthropic can now sell its Fable 5 AI model after the US government lifted restrictions. The move follows a similar partial restoration for
Meta Plans Cloud Business to Rent Out AI Computing Power, Easing Spending Fears
Meta is reportedly planning a cloud business that would let customers rent access to its AI models and spare computing power. The move could
Meta's Cloud Ambitions Lift Stock 10% as Oil Drops, Yields Rise
Meta shares surged 10% after Bloomberg reported the company is building a cloud business to sell AI computing power and models. Meanwhile, o
Meta Names First Chief Data Officer as AI Analytics Takes Center Stage
Meta is putting its top marketer in charge of data. Alex Schultz becomes the company's first chief data officer, overseeing AI analytics glo
Aramco Ventures Leads $800M Series C in Together AI at $8.3B Valuation
Together AI has secured $800 million in Series C funding led by Aramco Ventures, reaching an $8.3 billion valuation. The open-source AI infr