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The chipmaker’s credit-default swaps had spiked to a record on fears of circular financing. They eased once Jensen Huang recast the plan as other people’s money, with Nvidia’s own exposure capped. After weeks in which the cost of insuring its debt climbed to a record on worries about so-called circular financing, that cost eased once […]
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Jennifer Bailey, head of Apple Pay and Wallet since the service launched in 2014, is retiring in October after more than 25 years at Apple. Her exit is one of several senior departures ahead of Tim Cook handing the chief executive job to John Ternus on September 1. Jennifer Bailey, who has run Apple Pay […]
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Apple Executive Who Launched Apple Pay Is Retiring After 25 Years Read More »
Target has named Lowe’s executive Chandhu Nair as its first chief AI officer, starting August 24. IBM research puts the share of organisations with a chief AI officer at 76% this year, up from 26% in 2025. Target has appointed its first chief AI officer. Chandhu Nair joins from Lowe’s on August 24 as senior […]
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Target appoints its first chief AI officer as retailers scale up AI spending Read More »
A multi-year deal with the startup Together AI will put Nvidia Blackwell systems on IBM Cloud, and the wager is that enterprises now care more about the cost of running AI than the prestige of the model doing the running. IBM has decided that the money in artificial intelligence is no longer only in building […]
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IBM bets $240m on cheap, open-source inference to take on the hyperscalers Read More »
Activist investor Anson Funds is pressing Lionsgate to redefine itself for the AI era or put itself up for sale, according to a July letter to the board reviewed by Semafor. The argument turns on how the market reads a film library. “The rise of generative AI has led the market to sort companies bluntly into […]
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Why your Amazon order confirmation emails have become so unhelpful Read More »
Trump Media & Technology Group, the parent of Truth Social, reported a net loss of $238.1m for the second quarter of 2026, a figure that dwarfs the $20m loss it posted a year earlier and turns the company’s slow drift from social network to crypto holding vehicle into something close to a headline. Most of […]
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Trump Media posts a $238m quarterly loss as its bitcoin bet sours Read More »
Joby flexes military muscle with $500 million defense acquisition Read More »
A New Trick Reveals AI Models’ Inner Thoughts Read More »
Amkor Technology, one of the world’s largest outsourced chip assembly and testing firms, is weighing a sale of a stake in its China operations, a deal that could value the unit at between $1bn and $1.5bn, according to Bloomberg. The Arizona-based company, which has been pouring record sums into advanced packaging, has engaged an adviser to […]
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Amkor weighs a $1bn-plus stake sale in its China chip unit Read More »