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Dutch company ASML is $300bn from a trillion. AI could close the gap

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ASML has spent 2026 getting steadily, expensively larger. The Dutch company whose machines print the world’s most advanced chips is now Europe’s most valuable listed business, worth around $700bn (€600bn), and enough of the investors who own it now say the next round number out loud that the question has stopped sounding fanciful: could ASML […]

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Nebius raised $775 million by borrowing against its GPUs. It has $40 billion more contracts to securitise.

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Nebius raised $775 million in its first secured debt facility, borrowing against deployed GPU infrastructure and contracted cash flows from an investment-grade customer. The facility matures on October 31, 2030, and is priced at SOFR + 2.50%, roughly 6.8% at current rates. Together with the customer agreement’s cash flows, the facility covers more than 100% […]

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Nebius raised $775 million by borrowing against its GPUs. It has $40 billion more contracts to securitise. Read More »

Jensen Huang’s leather jacket sold for $960,000 at Sotheby’s, 96 times its retail price

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One of Nvidia CEO Jensen Huang’s signature black Tom Ford leather jackets sold at Sotheby’s on Friday for $960,000 after 65 bids from 45 collectors. The pre-sale estimate was $40,000 to $60,000. The jacket retails for just under $10,000. Huang wore it in 2023 at a Foxconn event in Taipei and signed it for the […]

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An AWS billing bug sent users estimated charges of up to $2.5 trillion

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AWS users woke up Friday to find estimated billing emails showing charges ranging from hundreds of millions to $2.5 trillion. A unit pricing error in the AWS Billing Console’s estimated billing computation subsystem was the cause, Amazon confirmed. One Reddit user whose charges totalled $0.19 last month received an estimated bill of nearly $2.5 billion. […]

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Palantir’s CEO predicts AI will make him 20x richer while middle-class workers get modest raises

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Palantir CEO Alex Karp estimated that AI could make him “20x wealthier,“ implying a fortune approaching $300 billion, up from roughly $15 billion today. Middle-class workers, he said, might simply see their salaries double over the next decade. Karp called the disparity “a complete decoupling of unimaginable wealth and normal wealth” and said it is […]

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ASML will give every employee a €20,000 bonus as AI demand drives record sales

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ASML will give all employees globally a one-time €20,000 ($22,862) share award, the company confirmed on Friday. The bonus vests on January 1, 2030, for staff who remain with the company for the entire period. About 45,000 people work at Europe’s most valuable company. The payout joins a wave of AI-boom bonuses across the chip […]

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The AI boom’s least glamorous winner just filed for a $5bn listing, and it wires Google and Amazon’s data centres

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While attention fixes on Nvidia and the AI models, the companies quietly wiring the data centres together are booming. Eoptolink, a Chinese maker of high-speed optical transceivers, has filed for a Hong Kong listing that could raise up to $5bn, Bloomberg reports. The plan is a secondary listing on top of its existing Shenzhen shares. It […]

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