NVIDIA takes $2.1bn warrant in IREN as part of 5GW AI data-centre deal
NVIDIA takes $2.1bn warrant in IREN as part of 5GW AI data-centre deal

NVIDIA will invest up to $2.1bn in IREN as part of a deal that pairs the chipmaker’s reference architecture with the data-centre operator’s 5-gigawatt infrastructure pipeline. The two companies announced the partnership on Thursday. The structure is un…

Silex Microsystems shares soar on Stockholm debut as MEMS foundry IPO clears at SEK 8.9bn EV
Silex Microsystems shares soar on Stockholm debut as MEMS foundry IPO clears at SEK 8.9bn EV

The Bure Equity- and Creades-backed pure-play MEMS foundry priced at SEK 81 per share, with the offering oversubscribed several times. Cornerstone investors, including Capital Research, Fidelity, AFA, AP2, AP3, AP4, Swedbank Robur, and Carnegie, took r…

Corgi reaches a $1.3bn valuation four months after its Series A, with TCV leading a $160m round
Corgi reaches a $1.3bn valuation four months after its Series A, with TCV leading a $160m round

The Y Combinator-backed AI-native insurance carrier closed its Series A in January at a $630m valuation. The Series B doubles that figure and funds expansion beyond startup insurance into trucking, where the company says quoting and risk modelling can …

Ukraine says robots seized enemy territory for the first time. The company behind them is now worth a billion dollars.
Ukraine says robots seized enemy territory for the first time. The company behind them is now worth a billion dollars.

In April, Ukrainian President Volodymyr Zelensky announced that his forces had, for the first time in the history of warfare, seized an enemy position using only unmanned systems. No infantry. No human soldiers entering the contested ground. Drones and…

Uber missed its revenue target. The stock jumped 10 per cent. Wall Street is pricing a different company.
Uber missed its revenue target. The stock jumped 10 per cent. Wall Street is pricing a different company.

Uber missed its revenue estimate on Tuesday. The stock jumped 10 per cent. The divergence between the number Wall Street expected and the number the market rewarded tells the story of a company that has crossed a threshold: Uber is no longer being pric…

SpaceX files for a $55bn Texas semiconductor fab, with combined chipmaking investment reaching $119bn
SpaceX files for a $55bn Texas semiconductor fab, with combined chipmaking investment reaching $119bn

The Terafab project sits alongside the existing Bastrop packaging operation. Combined, the two facilities could anchor a $119bn Texas chipmaking footprint. SpaceX has not yet disclosed the process technology Terafab will run, or the construction timeli…

Intel is bringing a chip to every computing category at Computex. The last time it could do that, it was the company everyone was trying to catch.
Intel is bringing a chip to every computing category at Computex. The last time it could do that, it was the company everyone was trying to catch.

Intel will arrive at Computex 2026 in Taipei on 2 June with something it has not had in a decade: a product in every computing category built on a single manufacturing story. Panther Lake, the laptop chip launched at CES in January, is expanding to han…

AI-native spending surged 94 per cent. Traditional SaaS grew at eight. The enterprise software industry is watching the clock.
AI-native spending surged 94 per cent. Traditional SaaS grew at eight. The enterprise software industry is watching the clock.

The enterprise software industry spent two decades selling seats. Buy a licence for every employee who needs access, multiply by the number of employees, and the revenue model was as predictable as the quarterly earnings calls that reported it. Then AI…

The designer whose Tropicana rebrand crashed sales 20 per cent is now branding the US government. He has two months.
The designer whose Tropicana rebrand crashed sales 20 per cent is now branding the US government. He has two months.

The United States government now has a chief brand architect. Peter Arnell, the designer whose four-decade career includes creating the DKNY brand identity, redesigning the Pepsi logo in a project accompanied by a 27-page strategy document that referen…

He carried a kill list of AI CEOs and a jug of kerosene. His lawyer called it a property crime. The charges carry life in prison.
He carried a kill list of AI CEOs and a jug of kerosene. His lawyer called it a property crime. The charges carry life in prison.

Daniel Moreno-Gama, the 20-year-old accused of throwing a Molotov cocktail at the San Francisco home of OpenAI CEO Sam Altman and then walking three miles to OpenAI’s headquarters to threaten to burn the building down, pleaded not guilty on Tuesday to …