Schneider Electric’s US$22.6B PTC Deal Is a Bet on AI That Runs Factories
The maker of data-centre power gear will pay US$205 a share in cash for the company behind Creo and Windchill, funded mostly…
Business & Startups
The money side of the tech boom: IPOs, funding rounds, mergers and the financing deals that keep the AI build-out running. We go to the filings, the prospectuses and the term sheets to find the number the press release leaves out.
40 stories
Nubank Walked Away From Monzo. Now Private Equity Wants a Slice
Nu Holdings said on Sept. 30 it is not pursuing a deal. Monzo is now talking to CVC and Advent about selling…
How to Read an AI Company’s S-1: The 7 Numbers That Matter
Run rates, compute bills, two-customer revenue and US$100 billion backlogs: a field guide to the prospectus, with worked examples from Anthropic's leaked…
Shopify Bought Shop.com From a Company That Now Runs on Shopify
Market America moved its store onto Shopify, then sold it the shop.com domain for an undisclosed price. The same week, Shopify's Canvas…
After Its Agents Hacked Hugging Face, OpenAI Tried to Buy In. Nvidia Won
CNBC reports OpenAI floated a US$100 million stake to put its Jalapeño chips in front of Hugging Face's developers. That pitch helped…
Anthropic’s Leaked S-1: Skip the $42B Loss. Watch the $518B Bill
Most of Anthropic's 2025 net loss is a non-cash charge on convertible financing; the operating loss was $8.06 billion. The bigger risks…
Tesla Beat a Lowered Bar. Its Storage Business Missed One.
Tesla delivered 486,532 vehicles in Q3, about 5% above its own analyst consensus but down 2% from a year ago. Energy storage,…
Meta Calls Its AI Data Centres Experiments. The Tax Bill Shrank by US$3.9B
A New York Times investigation says Meta classifies AI data centres as "pilot models" to claim research credits on Nvidia chips. Its…
Trump ‘Might’ Buy Into OpenAI and Anthropic. Ask Intel How That Goes.
In a TIME interview, Trump floated Intel-style stakes in the two AI labs and threatened penalties over agent breaches. Both companies are…
Micron Just Booked a $54 Billion Quarter. Now Comes the Hard Part: Believing It Lasts.
Revenue up 379%, an 87% gross margin and HBM sold out. Micron's quarter is spectacular, and that is exactly why you should…
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