AI Chips
Biren's Revenue Rose Up to 2,107%. Its Adjusted Loss Narrowed by About a Third.
Two loss figures are in the same filing and they tell different stories. The gap between them is the IPO.
21h ago
Finance AI News
Banks, funds and fintechs are deploying AI under heavy regulatory watch. This hub covers financial AI products, trading and risk applications, supervisory guidance and the ROI evidence.
Latest Finance AI News
Finance AI
Alibaba Signed Away a Profitable Games Studio for $1.5bn. It Has Not Said the Money Goes to AI.
The internal memo says focus. The proceeds are unallocated in public, the terms are undisclosed, and the studio was not distressed.
22h ago
Finance AI
DoiT Bought a Tool That Bills Individual AI Agents. The Reported Price Is About $65m.
Enterprise inference spend has grown messy enough to need its own accounting layer — and consolidators are paying roughly five times invested capital to own it.
23h ago
Finance AI
Stripe Is Reported to Have Signed a $7bn Deal for OpenRouter. Neither Company Has Said So.
The price is more than five times a valuation set 13 weeks earlier — and every figure in the story is an unconfirmed one.
23h ago
Finance AI
A Megawatt of Data Centre Now Costs $11.3m to Build. In 2020 It Was $7.7m.
A 47% rise in five years explains why the AI story has become a financing story. Korea's contractors are pivoting into it anyway.
1d ago
Finance AI
Anthropic Projected $10.9bn for the Quarter. The Leaked Number Is Above $11.5bn.
Preliminary internal figures, obtained by Bloomberg and carried by Fortune. Anthropic published nothing, declined to comment, and the numbers can still be revised.
1d ago
Finance AI
Oracle's Data Center Needs a Pipeline. New Mexico Has Rejected the Route Twice.
Energy Transfer moved the in-service date for a 17-mile gas lateral from this Saturday to February 2027 — a six-month slip on the fuel supply for Project Jupiter.
2d ago
AI Chips
AMD Borrowed $4.75bn Across Four Tranches. The Prospectus Names No Project.
Coupons climb from 4.600% to 5.500% out to 2036. The stated use of proceeds is general corporate purposes — and the cash is not on the balance sheet yet.
2d ago
Finance AI
SpaceX Closed Its $60bn Cursor Deal. The Price Was Set Back in June.
The 14 August event is the closing, not the agreement. No cash moved — 389,289,254 Class A shares did, at a value fixed by a seven-day average.
2d ago
Finance AI
Lenovo's AI Server Pipeline Hit $54bn. Its Reported Result Was a $609m Loss.
Best quarter in the company's history on adjusted numbers — revenue up 43%, AI revenue up 60% — with the reported line pointing the other way.
4d ago
Finance AI
Dynatrace Is Paying $915m for Arize. That Is a Price on AI Observability.
The largest pure-play deal in the category so far, and an admission from a classic APM vendor that watching models is not a feature it can build in.
4d ago
AI Chips
A DRAM Maker Is Now China's Most Valuable Listed Company, 17 Days After Listing
CXMT passed Tencent at about RMB 3.54 trillion. The company it overtook is one of its customers, and had just disclosed a 176% jump in AI capex.
4d ago
Finance AI
Databricks Raised $5bn at $190bn. The Number Holding It Up Is $7bn.
Coatue led a round that marks the company 42% above February. The justification is a revenue run-rate growing more than 80% a year — none of it audited.
4d ago
AI Chips
Cambricon Is Holding 45% of Its Balance Sheet as Chip Inventory
RMB 8.25bn of stock against RMB 6bn of half-year revenue. At a briefing the chief executive said the buying is planned against customer orders.
5d ago
Finance AI
A $12bn Vehicle Is Buying Accounting Firms and Installing OpenAI. OpenAI Owns Part of It.
Thrive Holdings raised over $2bn from SoftBank, D1 and Altimeter. The circularity is the story: OpenAI's investor spun out a buyer that OpenAI then invested in.
5d ago
Finance AI
Cisco Booked $9.3bn of AI Orders From Hyperscalers. The Stock Fell Anyway.
Orders up roughly 4.5x for the year, $4bn of it in the fourth quarter alone. Investors focused on what a hardware-heavy mix does to gross margin.
5d ago
Finance AI
Nebius Grew Revenue 454% and Turned an EBITDA Profit. It Still Plans to Spend $25bn.
Annualised run-rate hit $3bn at the end of June, up 598%. The company reaffirmed capex guidance roughly seven times its expected 2026 revenue.
5d ago
Finance AI
Tencent Says It Could Profit Instantly by Renting Out Its $53bn of AI Hardware. It Is Not Going To.
Executives put rental margins above 30% and said depreciation would be recovered "almost immediately". The capacity is going into Tencent's own models instead.
5d ago
Finance AI
Lovable Doubled Its Valuation in Eight Months. Revenue Roughly Tripled.
$400m at $13.3bn, co-led by Menlo Ventures and EQT's Scaleup Europe Fund. Tencent came in as a participant, not a lead.
5d ago
Finance AI
OpenAI Bought $7 Billion of Its Own Shares Back. The Valuation Did Not Move.
The employee tender cleared at $852bn — exactly the March mark. OpenAI funded it itself rather than bringing in outside buyers.
6d ago
AI Chips
Intel Raised $20 Billion in a Single Sale. It Will Not Say What For.
Upsized from a proposed $15bn and priced at $95 a share. The release names no fab, no node and no project — only "general corporate purposes".
6d ago
Nvidia
Nvidia Signed Six Wall Street Firms to Fund Its Customers. Nothing Is Binding Yet.
Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR will build compute-financing platforms targeting more than $500bn. They are memorandums of understanding.
6d ago
AI Chips
TSMC's July Revenue Rose 44.7%. The Filing Itself Never Mentions AI.
NT$467.58 billion, a seventh straight month above 35% growth. The monthly release carries no segment split — every AI attribution around it is inference.
Aug 10, 2026
Legal AI
Harvey Is Not Raising $500m Yet. It Is Talking About It at $15.5bn.
Annual recurring revenue reached $350m, up from $190m in January. The plan for the money is a legal foundation model of its own.
Aug 9, 2026
Finance AI
A Former Bitcoin Miner Raised $2bn at $10.5bn. It Doubled in Four Months.
Firmus closed a fully subscribed round with Nvidia, Coatue, Blackstone and Jane Street to build AI factories across Australia and Asia-Pacific.
Aug 9, 2026
Finance AI
One Rippling Engineer Spent $50,000 on AI in a Month. The Company Built a Meter.
Internal AI tooling reached 40% of the R&D headcount budget while growing 80% month over month. Token volume never fell — the bill did.
Aug 9, 2026
AI Chips
Moore Threads Grew 147% and Still Lost Money. It Wants a Hong Kong Listing.
A half-year that beat all of 2025, a loss cut by 95.73%, and a board resolution to issue H shares. No timetable, size or valuation yet.
Aug 9, 2026
AI Chips
Cambricon's Profit More Than Doubled. Its Cash Flow Fell Two-Thirds.
Revenue up 108% to 5.996bn yuan, and inventory up 67% to nearly half of total assets. The earnings are going into wafers, not cash.
Aug 9, 2026
Finance AI
AI Led US Job-Cut Reasons for a Fifth Month. Layoffs Hit a Two-Year Low.
Employers announced 33,429 July cuts and cited AI for 10,970 of them. July hiring plans were the highest on record for the month.
Aug 9, 2026
Finance AI
NRG Will Build 1.2 GW for One Hyperscaler. It Has Not Signed the Contract.
A $3.2bn gas plant in Texas, paid for almost entirely through capacity payments rather than electricity sold. Delivery is late 2029 and the customer is unnamed.
Aug 9, 2026
