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…
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.
43 stories
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…
Analysis: John Ternus’s First Fall Shows an Apple That Perfects, Not Pioneers
A foldable, a moving aperture and a Siri that finally shipped: Apple's first post-Cook fall launch matches the pace instead of setting…
Anthropic’s IPO Math: Slow Down, But First, Price the Offering
Anthropic pushed its IPO to November so it can show off a strong quarter. The number the prospectus can't dress up is…
The Great AI IPO Wave, Explained
Anthropic is reportedly eyeing a post-midterms listing and OpenAI has pushed to 2027. A leaked draft prospectus is already turning private numbers…
Force Majeure at 77 Cents on the Dollar
Oracle invoked force majeure to exit a lease on an unbuilt data center, the first 'committed' AI-boom dollar to hit reality. Bonds…
The AI Data-Center Debt Map: Who Owes Whom After Oracle’s Jupiter Notice
OpenAI's promises become Oracle's leases, and Oracle's leases become bank loans inside project companies. New Mexico's Project Jupiter shows where that chain…
Island Raises $400M to Sell the Agent Economy Its Insurance Policy
A $6.4 billion valuation for a locked-down browser is a bet that enterprises will pay to watch, and throttle, their own AI…
Stripe’s $53B PayPal bid is a leveraged buyout in merger clothing
Stripe's nonbinding $60.50-a-share PayPal bid leans on roughly $50 billion in bank debt. The DOJ's Visa-Plaid suit is the template for blocking…