Chey Tae-won, the billionaire behind memory chipmaker SK Hynix Inc., is selling 944 billion won ($700 million) worth of shares in the conglomerate SK Inc., amid what is set to be among South Korea’s most expensive divorces.
A recent rally in shares of Roblox Corp. has gone too far and signals investors are overly optimistic about a potential recovery in bookings growth, according to the stock’s newest bear.
Lockheed Martin Corp. Chief Executive Officer Jim Taiclet wants all of the world's largest defense contractor to move nimbly and innovate like the company's secretive Skunk Works unit. He speaks with Bloomberg Television's Ed Ludlow. (Source: Bloomberg)
Outside Washington DC in mid-September, Lockheed Martin Corp. lifted the tarp on a futuristic stealth drone: all sleek edges, mysterious vents and not a single pane of glass.
Amazon.com Inc.’s latest attempt to address the intensifying blowback to an unprecedented buildout of computing infrastructure: a commitment to spend more than $1 billion over the next five years on initiatives for the communities near its server farms.
New York’s artificial-intelligence boom is drawing massive investments and fueling a surge in office leasing, but it’s doing little for young workers trying to start their careers, according to a report by the Partnership for New York City.
Nidec Corp. is in talks with MUFG Bank Ltd. and Sumitomo Mitsui Banking Corp. to renew committed credit lines that currently total ¥600 billion ($3.8 billion), the company said on Thursday.
Chinese robotaxi operators Pony AI and WeRide face sustained operating losses through 2028 as domestic fleet utilization lags Waymo’s rate of more than 58%, Bloomberg Intelligence said.
Nexfibre Networks Ltd.’s £2 billion ($2.7 billion) deal for rival Netomnia Ltd. could reduce competition in the UK’s wholesale broadband networks, the country’s competition watchdog said on Friday, potentially threatening the first major consolidation in the crowded fiber market.
Amazon.com Inc. is exploring a deal to shift about $8 billion worth of top-end Nvidia Corp. chips off its balance sheet, according to the Financial Times.
Federal prosecutors arrested a California man on Thursday on charges of smuggling computer servers containing $300 million worth of Nvidia Corp. artificial intelligence chips to China in violation of US export controls.
SoftBank Group Corp.’s equity investors are increasingly focused on the potential returns from its AI bets, helping the stock rebound even as the Japanese company faces higher borrowing costs.
Two new islands have appeared off Anak Krakatau, potentially the first in nearly a century to emerge within the caldera left by Krakatoa’s catastrophic 1883 eruption.
Data center operator Firmus Grid Ltd. is seeking a A$43.7 billion ($30.3 billion) valuation in its Australian initial public offering this month, the Australian Financial Review reported on Thursday, citing pricing sent to potential investors.
Constantine Alexandrakis, who leads Russell Reynolds Associates and wrote The Catalyst CEO, joins to discuss the leadership challenge and the idea that CEOs cannot drive transformation alone. The discussion broadens into a larger question about what kind of CEO is needed when a company requires both cultural repair and strategic disruption. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)
