Business

Anthropic’s IPO Filing Could Go Public Monday, Days Before Google and Amazon Report
Three of the companies most tied to Anthropic's business will open their own books within days of its IPO paperwork. Anthropic could make its S-1 public...
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SpaceX Has Closed $40 Billion in GPU Debt, Musk Says, as Lenders Pull Back From AI-Only Borrowers
Elon Musk says lenders have all but stopped funding companies whose business is mostly AI data centers, and that SpaceX got its $40 billion GPU financing done anyway. "As of the...
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AI Data Center Tenants Now Want $5 Million a Day When Projects Run Late
Late penalties on new AI data center leases have climbed about fivefold since spring. Tenants negotiating new leases are asking developers for more than $5 million for each day...
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AI Handles the Busywork as JPMorgan’s EMEA Private Bank Plans to Add Advisers
JPMorgan Chase's private bank wants more wealth advisers in Europe, the Middle East and Africa over the next few years, and it is counting on AI to let each of them get through...
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Solidigm Won’t Go Public for Now, and SK hynix Still Has a U.S. Fab to Pay For
Solidigm needs more factory space in the U.S. to keep up with demand for the high-capacity SSDs that go into AI data centers. Its parent, SK hynix, has now set aside one way of...
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Oracle Puts $1 Billion Behind Its Partners and Lets Customers Spend More Cloud Credits in Its Marketplace
Oracle is setting aside $1 billion over the next four years for the systems integrators, software vendors, resellers and other firms that build on and sell its products. Oracle...
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Meta Wants to Tap Equity Markets for AI Before Rivals Soak Up the Capital
Meta Platforms is creating a new class of nonvoting stock it can sell to pay for its AI buildout, and the board committee that recommended it said part of...
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ADP Adds MCP Servers So Employees Can Query Payroll From Their Employer’s AI Agent
ADP has added Model Context Protocol servers and AI tools to ADP API Central, the platform it sells for conn...
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SAP Tops €10 Billion in Quarterly Revenue for the First Time as Cloud Revenue Rises 26%
For the first time, SAP's quarterly revenue topped €10 billion: third-quarter total revenue came to €10.27 billion, up 13% and up 12% at constant currencies. Cloud revenue rose...
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Zoom Builds Its AI Strategy Around a New Unified Context Layer
Zoom Communications used the opening day of its Zoomtopia customer conference to put a new data layer at the center of its AI strategy. The company introduced a Unified Context Lay...
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Professor at Cambridge Judge Business School Calls for Abolishing Business Schools
Christopher Marquis, a professor at the University of Cambridge Judge Business School, argued in a...
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Berkshire Hathaway Takes Its Bending Spoons Bet to $930 Million Under Greg Abel
Berkshire Hathaway has now committed $930 million to Bending Spoons, the Milan-based company that buys and overhauls digital businesses such as AOL, Vimeo and Evernote. The late...
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Zendesk Introduces Employee Service AI Agents and Advanced Action Flows in Early Access
Zendesk wants internal requests finished, not just answered. It introduced Employee Service AI Agents and Advanced Action Flows, two linked features meant to carry internal IT,...
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Slack Launches Slack Frontline, a Mobile Workspace Add-On for Retail, Healthcare and Factory Workers
Slack has introduced Slack Frontline, a mobile workspace built for employees who do not work at a desk, such as retail associates, healthcare providers, factory workers and shif...
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Bank of Canada Expects Sharply Higher Inflation Outlook as Oil Prices Surge
Bank of Canada Governor Tiff Macklem said Saturday that the central bank expects to raise its quarterly inflation forecast significantly this month because crude oil and petrole...
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