A residual value guarantee is a promise about an object, not about a tenant. Someone builds a thing. Someone else rents it. A third party promises the thing itself will still be worth a set amount. If the renter walks, the owner relets or sells. The gu…
Nvidia has agreed to invest $1.5 billion in SB Energy, the US power and infrastructure developer backed by SoftBank and OpenAI, in a deal that hands the chipmaker up to 8 gigawatts of AI computing capacity at an Ohio campus being built for OpenAI. It i…
Gravis Robotics, an ETH Zurich spinout building software that lets excavators and diggers run themselves, has raised a $200m Series A led by SoftBank, a round it bills as the largest ever in construction robotics. The deal confirms reports that surface…
Stripe has, according to Bloomberg, finalised a deal to buy OpenRouter for more than $7bn. The payments giant declined to comment, and the sum is not officially confirmed, but the reported number tells its own story about where the smart money in AI no…
Anthropic has told prospective investors that second-quarter revenue exceeded $11.5bn, more than 14 times the $787mn it made a year earlier, and that it recorded positive adjusted operating income. The figures are preliminary and come as the company pr…
AMD has raised $4.75bn in its biggest ever US dollar bond offering, sold in four tranches with maturities from three to ten years. It held $13.1bn in cash against $3.2bn of debt at the end of June, and has committed up to $5bn to Anthropic. AMD has rai…
Anissa Gardizy reported the cut for The Wall Street Journal on 14 August. Under the new proposed terms Nvidia would initially backstop only half of the 10GW project, and it would decide about the rest later. A deal could be signed as soon as this weeke…
Joshua Kushner’s Thrive Capital has bought roughly $215mn of Amazon shares, disclosed in a regulatory filing on Friday. It lands in the same week the firm told investors it is selling part of its OpenAI stake, in a company Amazon now owns close to 5% o…
The firm calls the deal Project Mercury, Bloomberg reported, citing people familiar with it. It gathers assets from two Lightspeed funds, Select V and Opportunity II, plus a separately managed account. OpenAI is the anchor. Coller Capital is the lead b…
Databricks has closed a $5bn round at a $190bn valuation, led by Coatue, with revenue run-rate past $7bn and growth above 80% year on year. That is a 42% valuation increase in six months, and it comes after chief executive Ali Ghodsi called 2026 a bad …