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AI is now an F1 sponsor, a strategist, and a tech director. The race weekend has changed.

Eight AI partnerships signed in six months. Williams runs Claude. McLaren runs Gemini. Red Bull runs Oracle. The 2026 regulation overhaul has turned the paddock into one of the largest live commercial AI deployments in sport. The teams in the Formula One paddock have always quietly run on data. They have just become noisier about […]

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STMicroelectronics targets more than $3bn from space, riding the satellite constellation boom

The Geneva-based chipmaker has shipped over 5 billion RF antenna chips to Starlink and now expects its low-Earth-orbit business alone to deliver more than $3bn in cumulative revenue between 2026 and 2028. Orbital data centres are an option for later. When STMicroelectronics first qualified its chips for the European Space Agency in 1977, the satellite […]

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Amazon’s trying to turn its massive shipping operation into another AWS

Amazon might have a part in delivering all kinds of stuff to your door soon, as its massive shipping network opens up to other companies outside its marketplace, more directly competing with giants like DHL, UPS, and FedEx. The new Amazon Supply Chain Services (ASCS) will offer freight, distribution, fulfillment, and parcel shipping to businesses […]

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GameStop makes $56 billion offer to acquire eBay

GameStop has made an offer to acquire eBay for $56 billion, which comes as part of GameStop CEO Ryan Cohen’s plan to transform the online marketplace into a “legit competitor to Amazon,” he tells The Wall Street Journal. In an announcement on Monday, eBay says it will “carefully review” the unsolicited proposal, adding that it […]

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Cerebras files updated IPO terms: $3.5bn raise at $26.6bn valuation

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 to $4bn at a roughly $40bn valuation in its long-awaited initial public […]

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SK Hynix jumps 12% as Big Tech doubles down on AI memory

A $725bn hyperscaler capex ramp and a 20% HBM price rise have made the South Korean chipmaker the second-most valuable company on the KOSPI. The harder question is when supply catches demand. There is a small joke in semiconductor circles about which part of an AI server is most expensive. The graphics processor used to […]

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Anthropic and Wall Street are building a $1.5bn pipeline into private equity

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 that has been quietly answered over the past month, without anyone formally asking it. The question is: […]

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Spirit Airlines shuts down after Trump’s war on Iran doubled jet fuel prices

The ultra-low-cost air carrier Spirit Airlines shut down operations after 34 years in business and canceled all flights just after midnight Saturday morning. Its website now redirects to spiritrestructuring.com, instructing fliers not to go to airports, with air traffic control records capturing controllers and pilots signing off to each other as its last flights came […]

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