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stories 121–180 of 345BIG TECH
Waymo Designs Its Own Robocar Chip to Outpace Tesla
Waymo has built a custom ASIC on TSMC's 5nm process delivering over 1,000 TOPS, replacing the Intel FPGAs it used previously, as it races Tesla's years-long custom-silicon program for autonomous driving.
DEEP DIVE
Stripe-OpenRouter Deal Confirmed at $7.5B, Final Terms Revealed
BIG TECH$7.5B acquisition
Stripe-OpenRouter Deal Confirmed at $7.5B, Final Terms Revealed
Stripe's acquisition of AI model gateway OpenRouter is now confirmed at roughly $7.5B, with $1.5B going to founders and $6B to investors -- a 5.4x markup over its three-month-old Series B valuation.
FOLLOW-UP
SpaceX Tried to Buy AI Coding Startup Cognition
BIG TECH
SpaceX Tried to Buy AI Coding Startup Cognition
SpaceX approached AI coding startup Cognition about an acquisition just five days after closing its $60B purchase of Cursor, but Cognition's CEO says the company never engaged and is not for sale.
DEEP DIVE
Waymo Opens Cheaper Next-Gen Robotaxi to All Riders in 3 Cities
BIG TECH
Waymo Opens Cheaper Next-Gen Robotaxi to All Riders in 3 Cities
Waymo's purpose-built Ojai minivan, developed with Geely's Zeekr and running Gemini as an in-car assistant, is now open to all riders in LA, Phoenix and San Francisco as the company chases lower per-vehicle costs.
DEEP DIVE
Amazon Plots Sixfold Drone Expansion, Still Trails Rivals
BIG TECH
Amazon Plots Sixfold Drone Expansion, Still Trails Rivals
Amazon plans to expand Prime Air drone delivery to nearly 500 US cities by year-end, a sixfold jump from 11 metro areas, even as Wing, Walmart and Zipline each report far more cumulative deliveries.
DEEP DIVE
Amazon's Prime Air Drone Delivery Expands to Nearly 500 Cities
BIG TECH
Amazon's Prime Air Drone Delivery Expands to Nearly 500 Cities
Amazon is expanding Prime Air drone delivery roughly 6x to nearly 500 US cities and towns by year-end, targeting 1 million deliveries in 2026 after over a decade of slower-than-planned rollout.
DEEP DIVE
Einride to Add 500 Tesla Semis to Its Fleet
BIG TECH
Einride to Add 500 Tesla Semis to Its Fleet
Einride struck a deal to add 500 Tesla Semis to its electric trucking fleet over the next 24 months, making Tesla's long-delayed truck the backbone of a rival's fleet-as-a-service business rather than Tesla's own logistics arm.
DEEP DIVE
Markets Slide as Oil, Bond Yields Jump on Iran Risk
BIG TECH
Markets Slide as Oil, Bond Yields Jump on Iran Risk
US stock futures fell Tuesday as bond yields and oil prices climbed to multi-year highs after President Trump declined to extend the expiring US-Iran ceasefire, a macro backdrop that sits underneath every tech valuation on this page.
BY THE NUMBERS
Stripe Pays Over $7 Billion for AI Router OpenRouter
BIG TECH$7B+
Stripe Pays Over $7 Billion for AI Router OpenRouter
Stripe finalized a deal to acquire OpenRouter, the AI model routing startup, for more than $7 billion -- over 5x the $1.3 billion valuation OpenRouter carried three months ago after its Series B.
DEEP DIVE
Stripe Acquires AI Gateway OpenRouter for $7B+
BIG TECH$7B+ acquisition
Stripe Acquires AI Gateway OpenRouter for $7B+
Stripe agreed to acquire AI model gateway OpenRouter for more than $7 billion, roughly five times the $1.3 billion valuation OpenRouter carried in May, turning a payments company into the metering and billing layer for AI token consumption.
DEEP DIVE
Nvidia Backs $105B OpenAI Data Center in Ohio
BIG TECHUp to $105B
Nvidia Backs $105B OpenAI Data Center in Ohio
Nvidia will guarantee up to $105 billion in financing for the first phase of OpenAI's Ohio data center, a 4.25-gigawatt site built and operated by SoftBank's SB Energy under a 20-year lease.
DEEP DIVE
The 'Jamie Premium' Nears $1 Trillion for JPMorgan
BIG TECH~$970B market cap
The 'Jamie Premium' Nears $1 Trillion for JPMorgan
JPMorgan's market cap was roughly $970 billion this week, closing in on becoming the first bank ever worth $1 trillion, up from $138 billion when Jamie Dimon took over in late 2005.
DEEP DIVE
Alibaba's $1.5B Gaming Sale Bankrolls Its AI Pivot
BIG TECH$1.5B+
Alibaba's $1.5B Gaming Sale Bankrolls Its AI Pivot
Alibaba is selling its gaming studio Lingxi Games to private equity firm Trustar Capital for more than $1.5 billion, the clearest sign yet that CEO Eddie Wu is stripping the conglomerate down to AI and cloud.
DEEP DIVE
Nvidia's Stock Comes Alive: Three Reasons Why
BIG TECH
Nvidia's Stock Comes Alive: Three Reasons Why
Nvidia shares have started rebounding after a sluggish stretch, with analysts pointing to hyperscaler capex increases, an upcoming earnings report and renewed AI infrastructure financing deals as the drivers.
TRACE'S TAKE
Nvidia's $51 Billion Bet Shows AI's Money Never Leaves
BIG TECH
Nvidia's $51 Billion Bet Shows AI's Money Never Leaves
Nvidia's newly disclosed $21 billion SpaceX stake and $30 billion Intel position -- 80% of its entire public portfolio -- are the clearest evidence yet that AI-era capital keeps circulating through the same handful of companies rather than spreading out.
DEEP DIVE
Zuckerberg's 6,500-Word AI Manifesto Isn't Landing
BIG TECH
Zuckerberg's 6,500-Word AI Manifesto Isn't Landing
Mark Zuckerberg's essay 'The Future is for Everyone' pitched Meta's Glimmer and Muse Spark models as universal personal AI, but critics questioned both the messenger and whether hardware requirements make the vision accessible at all.
DEEP DIVE
Stripe Buys OpenRouter in $7B AI Gateway Deal
BIG TECH$7B+ acquisition
Stripe Buys OpenRouter in $7B AI Gateway Deal
Stripe has agreed to acquire OpenRouter, the routing layer that lets developers switch between AI models through one API, for more than $7 billion -- roughly five times the $1.3 billion valuation OpenRouter carried in May.
DEEP DIVE
Tech Layoffs in 2026 Have Already Beaten All of 2025
BIG TECH
Tech Layoffs in 2026 Have Already Beaten All of 2025
Tech industry layoffs in 2026 have already surpassed the full-year 2025 total, with roughly 205,800 workers affected across 322 events even with more than four months left on the calendar.
BY THE NUMBERS
Nobody Knows How Long a Software-Defined Car Lasts
BIG TECH
Nobody Knows How Long a Software-Defined Car Lasts
Rivian's software chief says the company plans roughly seven to ten years of functional feature updates, while Tesla's reversal on 2016-era full self-driving hardware shows how quickly a car's compute can be declared obsolete.
DEEP DIVE
Tesla FSD vs Rivian Autonomy+: $99 Against $49.99
BIG TECH$99/mo vs $49.99/mo
Tesla FSD vs Rivian Autonomy+: $99 Against $49.99
A head-to-head drive of Tesla's Full Self-Driving and Rivian's Autonomy+ hands-free systems highlights a widening price gap, with Tesla at $99 a month and Rivian at $49.99 a month or $2,500 for the life of the vehicle.
DEEP DIVE
PayPal-Stripe-Advent Buyout Talks Heat Up Again
BIG TECH$53B (prior bid)
PayPal-Stripe-Advent Buyout Talks Heat Up Again
Talks to sell PayPal to Stripe and private-equity firm Advent International have reignited, TechCrunch reports, weeks after PayPal's board left the door open to a higher offer than the $53 billion joint bid it rejected in July.
FOLLOW-UP
SpaceX Closes $60B Cursor Deal, Largest Startup Exit Ever
BIG TECH$60B all-stock
SpaceX Closes $60B Cursor Deal, Largest Startup Exit Ever
SpaceX completed its $60 billion all-stock acquisition of AI coding startup Cursor, issuing about 391 million Class A shares in what is now the largest startup acquisition on record.
DEEP DIVE
Uber and Pony.ai to Deploy 2,000+ Robotaxis in Europe
BIG TECH
Uber and Pony.ai to Deploy 2,000+ Robotaxis in Europe
Uber and China's Pony.ai are expanding their partnership to deploy more than 2,000 autonomous vehicles across Europe, building on an existing Zagreb service as the region's robotaxi market starts to consolidate around a handful of players.
DEEP DIVE
Uber and Pony.ai Expand Robotaxi Deal to 2,000+ Cars in Europe
BIG TECH
Uber and Pony.ai Expand Robotaxi Deal to 2,000+ Cars in Europe
Uber and Chinese autonomous-driving company Pony.ai are expanding their partnership to deploy more than 2,000 robotaxis across additional European cities, moving beyond their initial Zagreb launch toward the Middle East.
DEEP DIVE
Reddit Stock Jumps on S&P 500 Inclusion
BIG TECH
Reddit Stock Jumps on S&P 500 Inclusion
Reddit will join the S&P 500 on August 18, replacing AvalonBay Communities, sending shares up more than 10% and making it only the second pureplay social media company in the index after Meta.
DEEP DIVE
Workday Surges 25% on Report of Silver Lake Buyout Talks
BIG TECH
Workday Surges 25% on Report of Silver Lake Buyout Talks
Workday shares had their best day in a decade after Reuters reported private equity firm Silver Lake is in talks to acquire the enterprise software maker, a deal that would be one of the largest software buyouts in years.
DEEP DIVE
SanDisk Surges 17% on Investor Day Growth Plan
BIG TECH
SanDisk Surges 17% on Investor Day Growth Plan
SanDisk shares jumped nearly 17% after an investor day growth strategy presentation, extending a memory-chip rally that has the stock up more than 450% year-to-date as AI-driven demand tightens supply.
DEEP DIVE
SK Hynix Bets $720B on the World's Largest Memory Buildout
BIG TECH$720B buildout
SK Hynix Bets $720B on the World's Largest Memory Buildout
SK Hynix is spending roughly $720 billion to triple its memory-chip capacity by 2034 via a new Yongin Cluster campus, betting the current AI memory shortage outlasts the industry's boom-and-bust cycle.
DEEP DIVE
Lenovo Posts Record Quarter as AI Revenue Jumps 60%
BIG TECH$26.9B revenue, +43% YoY
Lenovo Posts Record Quarter as AI Revenue Jumps 60%
Lenovo posted an all-time quarterly revenue high of $26.9 billion with AI-related sales up 60% year-on-year, sending its Hong Kong-listed shares to a record and reigniting the read-through trade for Nvidia demand.
DEEP DIVE
Kospi Roars Back Into Bull Market on Chip Rebound
BIG TECHKospi +20%+ from July low
Kospi Roars Back Into Bull Market on Chip Rebound
South Korea's Kospi index climbed more than 20% from its July low to re-enter bull-market territory, driven by Samsung and SK Hynix shares recovering sharply after the same two chipmakers had driven 71% of the index's July losses.
FOLLOW-UP
Tencent Says It Could Profit Instantly by Renting Its AI Chips
BIG TECH~$53B quarterly AI capex
Tencent Says It Could Profit Instantly by Renting Its AI Chips
On the same earnings call where Tencent reported an 11% revenue beat, president Martin Lau said Tencent could earn a 'decent return in an immediate timeframe' by renting its $53 billion AI hardware spend instead.
FOLLOW-UP
Cisco Stock Falls Despite Record Earnings on AI Order Surge
BIG TECH-4.66% despite record Q4
Cisco Stock Falls Despite Record Earnings on AI Order Surge
Cisco reported record fourth-quarter revenue of $17.25 billion and $4 billion in AI orders from hyperscalers, but shares fell nearly 5% after hours as hardware-heavy orders dragged margin guidance down.
DEEP DIVE
Google Launches Pixel 11 Lineup With 2nm Chip, Higher Prices
BIG TECH
Google Launches Pixel 11 Lineup With 2nm Chip, Higher Prices
Google unveiled the Pixel 11 lineup at a New York event Wednesday, headlined by a 2-nanometer Tensor G6 chip and deeper Gemini integration, with every model priced $100 higher than last year's generation.
DEEP DIVE
Goldman Sachs Buys Into Bitcoin Income ETFs for $2.25B
BIG TECHUp to $2.25B
Goldman Sachs Buys Into Bitcoin Income ETFs for $2.25B
Goldman Sachs is paying up to $2.25 billion for NEOS Investments, handing it a ready-made $1.1 billion bitcoin covered-call ETF and vaulting it past BlackRock in the race for bitcoin-income products.
DEEP DIVE
CoreWeave, Nebius Stocks Rally Hard on Blowout AI Demand
BIG TECHCRWV +19%, NBIS +34%
CoreWeave, Nebius Stocks Rally Hard on Blowout AI Demand
CoreWeave shares rose 19% and Nebius jumped 34% after both neocloud companies reported results showing surging AI compute demand, with CoreWeave's backlog reaching $104 billion and Nebius's run rate up 598%.
FOLLOW-UP
Norway's Wealth Fund Reveals $1.2B SpaceX Stake After Record Profit
BIG TECH$1.2B SpaceX stake
Norway's Wealth Fund Reveals $1.2B SpaceX Stake After Record Profit
Norway's $2.3 trillion sovereign wealth fund posted a record $184.3 billion first-half profit and disclosed for the first time a $1.2 billion stake in SpaceX, on top of its existing Tesla stake.
DEEP DIVE
Tencent Beats on Revenue as Gaming, AI Ads Accelerate
BIG TECH204.78B yuan revenue
Tencent Beats on Revenue as Gaming, AI Ads Accelerate
Tencent posted 204.78 billion yuan in Q2 revenue, up 11% and ahead of estimates on gaming and AI-driven advertising growth, even as profit missed forecasts and the stock stayed down 26% YTD.
DEEP DIVE
Manus Goes Independent Again as China Unwinds Meta Deal
BIG TECH
Manus Goes Independent Again as China Unwinds Meta Deal
Manus resumed independent operations after Chinese regulators forced Meta to fully unwind its $2 billion acquisition of the AI agent startup, an unprecedented case of Beijing clawing back a completed foreign takeover months after it closed.
DEEP DIVE
OpenAI's Latest Exec Exit Is Worth Watching, Not Panicking Over
BIG TECH
OpenAI's Latest Exec Exit Is Worth Watching, Not Panicking Over
Brad Lightcap, OpenAI's longtime chief operating officer, is leaving after eight years to 'start something new,' the latest in a string of 2026 senior departures as the company weighs a potential IPO.
TRACE'S TAKE
Uber Sells Its Entire Stake in Serve Robotics
BIG TECHFull stake exit
Uber Sells Its Entire Stake in Serve Robotics
Uber sold its entire stake in delivery-robot company Serve Robotics in the second quarter, a surprise to Serve, capping a partnership dating to Serve's 2020 spinout from Postmates.
DEEP DIVE
Nvidia's $500B AI Financing Bet Runs Into a China Problem
BIG TECH
Nvidia's $500B AI Financing Bet Runs Into a China Problem
Jensen Huang defended Nvidia's plan to help assemble $500 billion in financing for AI data centers after bond investors flagged that cheaper Chinese chips flooding the market could depreciate the GPUs backing that debt faster than expected.
DEEP DIVE
Intel Prices Upsized $20B Stock Sale to Fund AI Foundry Bet
BIG TECH$20B stock offering
Intel Prices Upsized $20B Stock Sale to Fund AI Foundry Bet
Intel priced an upsized $20 billion common stock offering at $95 a share to fund AI-driven chip manufacturing expansion, one of the largest equity raises by a legacy US tech company in years.
DEEP DIVE
Teledyne to Acquire Varex Imaging for $1.1B
BIG TECH~$1.1B
Teledyne to Acquire Varex Imaging for $1.1B
Teledyne Technologies agreed to acquire Varex Imaging for roughly $1.1 billion, adding the company's X-ray tubes and digital detectors to Teledyne's medical and industrial imaging portfolio.
DEEP DIVE
Bowman Consulting Goes Private in $1B Bernhard Buyout
BIG TECH~$1.0B
Bowman Consulting Goes Private in $1B Bernhard Buyout
Bowman Consulting Group agreed to be acquired by infrastructure-focused private equity firm Bernhard Capital Partners for $43.00 a share in cash, an all-cash deal valuing the engineering services firm at roughly $1 billion.
DEEP DIVE
Archer Buys Boeing's Wisk, SkyGrid and Insitu Units
BIG TECH
Archer Buys Boeing's Wisk, SkyGrid and Insitu Units
Archer Aviation is acquiring Boeing's Wisk Aero, SkyGrid and Insitu units in an all-stock deal that gives Boeing roughly a 16.5% stake in Archer and sent Archer shares up nearly 19%.
DEEP DIVE
Intel Raises $15B in First Stock Sale Since 1971
BIG TECH
Intel Raises $15B in First Stock Sale Since 1971
Intel priced a $15 billion common stock offering on August 10, its first public share sale since the company's 1971 IPO, to fund AI, foundry and advanced-packaging expansion.
DEEP DIVE
Canva Slashes Revenue Growth Forecast as AI Costs Bite
BIG TECH
Canva Slashes Revenue Growth Forecast as AI Costs Bite
Canva cut its 2026 revenue growth forecast from 30% to 20%, citing unsustainably high costs of serving AI features built on frontier models -- a warning shot for every SaaS company that rushed AI to market without solving unit economics.
DEEP DIVE
Zoox Starts Charging for Robotaxi Rides Today
BIG TECH
Zoox Starts Charging for Robotaxi Rides Today
Zoox began charging for robotaxi rides in Las Vegas on August 10 under the first NHTSA exemption ever granted for a steering-wheel-free vehicle, and named Miami and Austin as its next early-rider cities.
DEEP DIVE
Ford's $28,350 Fathom Bets Big on Affordable EVs
BIG TECH$28,350 starting
Ford's $28,350 Fathom Bets Big on Affordable EVs
Ford unveiled the Fathom, a midsize electric pickup starting at $28,350, its first vehicle built on a new low-cost 'Universal EV Platform,' with deliveries beginning in 2027.
BRIEF
South Korea Launches $3.52B Fund for Chip Supply Chain
BIG TECH$3.52B fund
South Korea Launches $3.52B Fund for Chip Supply Chain
South Korea launched a $3.52 billion semiconductor fund targeting chip materials, equipment and fabless firms, the anchor piece of a push expected to draw over $576 billion in Samsung- and SK Hynix-led private investment.
DEEP DIVE
IonQ Completes Its Acquisition of SkyWater Technology
BIG TECH$1.8B deal
IonQ Completes Its Acquisition of SkyWater Technology
IonQ closed its $1.8 billion acquisition of chip foundry SkyWater Technology, calling itself the only vertically integrated, full-stack quantum computing platform company as a result.
BRIEF
Nvidia and SK Hynix Expand Their $500B AI Memory Bet
BIG TECH
Nvidia and SK Hynix Expand Their $500B AI Memory Bet
Nvidia and SK Group expanded a partnership both companies describe as worth more than $500 billion across AI factories and next-generation memory, centered on a long-term deal to co-develop HBM.
BRIEF
Lantheus Agrees to Up-to-$8B Curium Takeover
BIG TECHUp to $8.0B
Lantheus Agrees to Up-to-$8B Curium Takeover
Lantheus Holdings agreed to be acquired by Curium for $102.50 a share in cash plus contingent value rights worth up to $12.00 more, a deal that could total $8.0 billion.
BRIEF
Alphabet and Microsoft Just Raised the Capex Bar Again
BIG TECH
Alphabet and Microsoft Just Raised the Capex Bar Again
Alphabet raised its 2026 capex guidance to $195-205B and Microsoft signaled FY27 spending will grow again, the clearest sign yet that AI infrastructure spending isn't decelerating despite investor unease over payback timelines.
BY THE NUMBERS
SpaceX's $60B Cursor Deal Enters Its Final Stretch
BIG TECH
SpaceX's $60B Cursor Deal Enters Its Final Stretch
SpaceX's all-stock acquisition of AI coding startup Cursor remains on track to close this quarter, positioning the rocket-and-satellite company as an unlikely new owner of one of the fastest-growing developer tools in AI.
BRIEF
AI's Biggest Bets This Week Were All About Factories
BIG TECH
AI's Biggest Bets This Week Were All About Factories
Terafab's $16.8B chip fab, AMD's purchase of silicon startup Taalas, and Hadrian's $1.37B raise all point the same direction: AI capital moving from model weights into the physical plants that build chips and hardware.
DEEP DIVE
Twilio Stock Soars 17% on Guidance Raise
BIG TECH+16.7% stock move
Twilio Stock Soars 17% on Guidance Raise
Twilio shares jumped as much as 16.7% after beating Q2 estimates and raising full-year revenue growth guidance from 14-15% to 18-18.5%, extending software's earnings-season divergence.
BRIEF
Tesla and SpaceX Commit $16.8B to Texas Chip Fab
BIG TECH$16.8B first phase
Tesla and SpaceX Commit $16.8B to Texas Chip Fab
Tesla and SpaceX will spend $16.8 billion on a first-phase chip plant in Grimes County, Texas, built to supply Optimus robots, robotaxis and orbital data centers rather than the Nvidia GPUs SpaceX still buys for AI training.
BRIEF
OpenAI Moves to Dismiss Apple's Trade-Secrets Suit
BIG TECH
OpenAI Moves to Dismiss Apple's Trade-Secrets Suit
OpenAI asked a federal judge to dismiss Apple's trade-secrets lawsuit, arguing Apple's own iCloud policy created the access gap at issue, with an October 1 injunction hearing still ahead.
FOLLOW-UP
AMD Buys AI Chip Startup Taalas to Challenge Nvidia
BIG TECH
AMD Buys AI Chip Startup Taalas to Challenge Nvidia
AMD is acquiring Taalas, a startup that hardwires AI model weights directly into silicon, betting that model-specific inference chips can chip away at Nvidia's lead once a handful of foundation models dominate deployed volume.
BRIEF