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Leica makes cameras that cost more than most people’s cars and are bought, in large part, for the red dot on the front. So there is a certain logic to a brand built on scarcity and prestige now being courted by a buyer with a taste for both. HSG, the Asian investment firm formerly known […]
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Ex-Sequoia China firm HSG said to lead bidding for Leica Camera stake Read More »
The way to read the latest Anthropic financing is to notice who is not borrowing the money. Apollo Global Management and Blackstone are arranging roughly $36 billion of debt, but the loan does not sit on Anthropic’s balance sheet. It buys chips, and the chips get leased back. The two firms are bringing additional investors […]
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Apollo and Blackstone shop a $36bn debt deal to buy Anthropic its chips Read More »
Meta’s $7.99-and-$19.99 chatbot tiers and OpenAI’s push into advertising mark the moment the AI revenue-model question becomes a cross-cutting collision. Meta’s decision to begin selling consumer subscriptions to its Meta AI chatbot at $7.99 and $19.99 a month, announced on Tuesday, lands at exactly the moment OpenAI and xAI are visibly moving the other way: into […]
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Meta sells AI subscriptions while OpenAI and xAI walk into the ad business Read More »
Three days after the Vatican called for AI to be ‘disarmed’, the Mistral CEO defended his company’s defence-AI work, arguing Europe cannot afford unilateral restraint. Arthur Mensch, the chief executive of French AI startup Mistral, pushed back directly on Thursday against Pope Leo XIV’s call to “disarm AI,” arguing that European companies cannot afford to […]
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Mistral’s Arthur Mensch directly rebuts Pope Leo on AI in warfare Read More »
At its first annual conference in Paris, Mistral formally rolled out the physics-aware AI stack it built around the Emmi acquisition, with Airbus, BMW and EDF as launch customers. Mistral AI used its first annual conference in Paris on Thursday to formally launch “Mistral for Industrial Engineering,” a physics-aware AI stack pitched directly at heavy-industry […]
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Liu Qiangdong’s pledge to safeguard JD.com’s workforce from automation sits uncomfortably with his own ‘unmanned era’ vision and a flagship warehouse already running on four employees. Liu Qiangdong, the founder of Chinese e-commerce giant JD.com, vowed in an internal speech this week to protect the company’s 900,000-strong workforce from AI and robotics, according to a […]
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The Nvidia CEO accepts a seat on Tsinghua’s School of Economics and Management board alongside Musk, Dell, Nadella, Zuckerberg, Dimon and Fink, days after travelling to China with Trump. Jensen Huang has accepted an invitation to join the advisory board of Tsinghua University’s School of Economics and Management, according to a Financial Times report. The […]
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Jensen Huang joins the Tsinghua University advisory board chaired by Tim Cook Read More »
Vincent Bolloré has formally turned down Bill Ackman’s Pershing Square offer for Universal Music Group, ending the largest take-private attempt in music-industry history. Vincent Bolloré has formally rejected Bill Ackman’s $64bn offer for Universal Music Group, according to a Reuters report on Wednesday, ending Pershing Square’s seven-week campaign to take the world’s largest recorded-music company […]
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Vincent Bolloré rejects Ackman’s $64bn Universal Music bid Read More »
NVIDIA chief executive Jensen Huang told a Taipei audience at Computex 2026 on Wednesday that Taiwan is the “epicentre” of the AI revolution, and that the company’s annual spending on the island will reach roughly $150bn a year. The number, the highest specific Taiwan-spend figure Huang has yet disclosed publicly, makes Nvidia’s commitment to the […]
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Drew Houston, the co-founder who built Dropbox from a Y Combinator demo into a company with more than 700 million registered users, is stepping down as chief executive. Ashraf Alkarmi, Dropbox’s current head of product, has been named co-CEO effective immediately. After a transition period, Houston will become executive chairman and Alkarmi will take […]
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