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Oura is seeking up to $3bn in an IPO that would value it above $16bn

Oura is targeting a September listing that would raise up to $3bn and value the smart ring maker at more than $16bn, according to Bloomberg, several months after the Finnish company filed confidentially for a US IPO. The mark would be a sharp step up from the $10.9bn valuation it carried last September, in a […]

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Alibaba shares fell 8.4%. Then Joe Tsai and Eddie Wu went shopping

Alibaba’s two most senior executives bought about $15.3m of their own company’s shares on Monday. The stock had just fallen further than at any point in more than a year. Chairman Joe Tsai and chief executive Eddie Wu spent a combined HK$120m, according to filings with the Hong Kong exchange. What each of them bought […]

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Meta pays Microsoft hundreds of millions a year to rent AI models

Meta is spending hundreds of millions of dollars a year buying access to AI models through Microsoft’s cloud. The company runs trillions of tokens a week through Azure, Bloomberg reported, citing a person familiar with the matter who asked not to be identified. That makes Meta one of Microsoft’s largest AI customers. Both companies declined […]

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Apple paid 40% of its global tax bill to one country

Apple paid Ireland $17.1bn in tax last financial year. That is around 40% of everything it paid in corporate income tax anywhere in the world. The figure comes from a company filing that breaks Apple’s tax down country by country, Reuters reported from Dublin. Apple paid $43.2bn in income taxes worldwide in the year to […]

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Broadcom seeks more than $60bn in debt to fund AI chips for Anthropic

Broadcom is in talks with lenders to raise more than $60bn in debt, Bloomberg reported on Thursday. The money would finance AI chips for Anthropic and other companies. Bloomberg cited people with knowledge of the matter. The figures under discussion could take the total as high as $100bn. Talks are continuing and the terms may […]

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Samsung approves a record $80bn shareholder return, and the stock falls

Samsung Electronics approved the largest shareholder return in South Korean corporate history on Friday. Its shares then fell as much as 2.6% in post-market trading. The board signed off on a Samsung shareholder return of between 90 trillion and 110 trillion won for 2026. That is roughly $65bn to $80bn. It is about five times […]

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Baidu’s revenue falls for a fifth quarter as ads keep sliding

Baidu revenue fell for a fifth straight quarter. The advertising business kept shrinking faster than the AI business could grow. The Chinese search company reported its results on Tuesday, with second-quarter revenue of RMB31.3bn ($4.62bn). That is down 4 percent on a year earlier and 2 percent on the previous quarter. Net income attributable to […]

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The economics of a voice agent: what a minute of conversation actually costs

Most voice agent pricing starts with a single number: voice agent cost per minute. However, this figure doesn’t reveal much about the real cost of running a production system. I discovered this firsthand while building and running a voice agent for enterprise use. When you factor in speech recognition, text-to-speech, model usage, telephony, and infrastructure, a […]

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Situational Awareness ran two auctions at once, and one set of bidders never knew

Situational Awareness lost roughly $30bn in July. The desk reported that three weeks ago. What happened inside those six days has not. Gregory Zuckerman, Juliet Chung and Peter Rudegeair have reconstructed it for the Wall Street Journal, and the sequence is stranger than the number. The phone call that gave it away David Mann runs […]

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The SEC staff agreed data centre securitisation sits outside Dodd-Frank risk retention

Nvidia announced $500bn of AI infrastructure financing last week, alongside Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR. A fortnight earlier, the Securities and Exchange Commission staff answered a question. It concerned how deals of that general type are regulated. The exchange took six days. What was asked, and what came back Latham & Watkins […]

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