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After four years of litigation, Elon Musk has agreed to pay a $1.5m civil penalty over his late 2022 Twitter stake disclosure. The harm to other shareholders, the SEC alleged, was $150m. Elon Musk has, after nearly four years of litigation, settled the Securities and Exchange Commission’s case against him over his late disclosure of […]
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Pinterest reported its first billion-dollar quarter last week. Revenue hit $1.008 billion in the first three months of 2026, up 18 per cent year on year, with monthly active users reaching 631 million for the tenth consecutive quarter of double-digit user growth. The stock jumped on guidance that projects second-quarter revenue of $1.133 billion to […]
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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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Elon Musk texted Greg Brockman two days before trial to ask about settling. Brockman suggested Musk drop all claims against the individuals. Musk replied: “By the end of this week, you and Sam will be the most hated men in America. If you insist, so it will be.” The exchange, disclosed in a court […]
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A new Bloomberg-Feroot investigation finds that nine of the 10 largest US health companies are still loading advertising trackers on the very pages where patients log in and register. The story keeps repeating because nothing has stopped it. There is, by now, a familiar shape to investigations of online tracking. A reporter or researcher loads […]
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Trentino-based Smartness tech travel startup has just raised €47 million Series B, in a round including primary and secondary equity and debt, being the largest round completed for an Italian vertical SaaS company. Smartness is a tech company that offers business-to-business (B2B) Software as a Service (SaaS), offering several products to hospitality businesses, to facilitate […]
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Italy’s largest vertical SaaS round: Smartness raises €47M to scale AI operations Read More »
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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SK Hynix jumps 12% as Big Tech doubles down on AI memory Read More »
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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Anthropic and Wall Street are building a $1.5bn pipeline into private equity Read More »
Won-Jin Lee, a marketing veteran, takes over the Visual Display business after a quarter of declining TV profits. His predecessor moves to AI and robotics. Samsung Electronics has changed the head of its television business for the first time in more than two years, an unusually direct admission that something is not quite right at […]
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Samsung swaps its TV chief for the first time in two years as TCL closes in Read More »
Sam Altman posted on X at 2:33 a.m. on 2 May: “you can sign in to openclaw with your chatgpt account now and use your subscription there! happy lobstering.” The announcement, delivered with the casual register of a founder pushing a minor product update, is anything but minor. OpenAI has made its ChatGPT subscription […]
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