Three days after suggesting it might target up to $4bn at $40bn, the AI chipmaker has marketed 28 million shares at $115-$125 each, lining the deal up with its February private valuation rather than above it. Cerebras Systems was preparing to seek up t…
The Belgian pharma is buying a two-year-old San Diego biotech for $2bn upfront, the second TCE bet it has placed in months. The thesis: B-cell killers built for cancer can rewire how autoimmune diseases are treated. Candid Therapeutics is two years old…
A joint venture with Blackstone, Hellman & Friedman, Goldman Sachs, and General Atlantic will sell Claude into the buyout firms’ portfolio companies. OpenAI’s DeployCo arrived first; this one is bigger. There is a kind of business school question t…
A bench trial in Santa Fe could force algorithm changes, age verification, and a $3.7bn mental health fund. Meta has threatened to pull Facebook and Instagram from the state instead. In March, a New Mexico jury reached a verdict that no American jury h…
Won-Jin Lee, a marketing veteran, takes over the Visual Display business after a quarter of declining TV profits. His predecessor moves to AI and robotics. Samsung Electronics has changed the head of its television business for the first time in more t…
Skydio, the largest American drone manufacturer, announced in late April that it would invest $3.5 billion over five years to expand US drone production, open a factory five times larger than its current facility, create more than 2,000 direct jobs and…
Sam Altman posted on X at 2:33 a.m. on 2 May: “you can sign in to openclaw with your chatgpt account now and use your subscription there! happy lobstering.” The announcement, delivered with the casual register of a founder pushing a minor product upd…
Tesla is now selling Chinese-made Model 3 sedans in Canada at the lowest price the car has ever been offered in the country. The Model 3 Premium RWD, manufactured at Giga Shanghai, starts at C$39,490, roughly US$29,000. Two months ago, the cheapest Mod…
The Academy of Motion Picture Arts and Sciences announced new eligibility rules on 2 May for the 99th Academy Awards, and the two that matter most are about seven words each. Acting nominations will be limited to roles “demonstrably performed by humans…
The Grok iOS app now contains a placeholder that reads “Grok Voice mode coming soon to CarPlay.” It is a single line of interface text, and it means that Elon Musk’s AI chatbot is about to follow ChatGPT and Perplexity onto the car dashboards of every …