The price is $750 million in cash plus 920,000 shares of Credo, and has the potential to escalate from there based on the achievement of certain financial milestones.
Category: Business
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Amazon reportedly nears deal for Globalstar in bid to take on SpaceX’s Starlink
The tech giant wants to have 700 satellites in space by the middle of the year.
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Bloom Energy spikes after vastly expanding its deal to supply fuel cells to Oracle
Oracle has about $320 million reasons to want to get more power from Bloom.
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Stanford AI report: Model capability accelerating, China has closed the gap with the US
Stanford’s annual AI Index Report says “nearly indistinguishable” from each other, and benchmarks used to evaluate them are falling behind their accelerating capabilities.
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Stocks gain after Trump orders Hormuz blockade, says Iran wants to make a deal
Stocks shrugged off the weekend’s failed peace talks.
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Meta will surpass Google in ad revenue this year, new industry data shows
Meta’s net ad revenues are expected to reach $243.46 billion in 2026, surpassing Google’s projected $239.54 billion, according to eMarketer.
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What does delicious Asian food seasoning have to do with a potential bottleneck for AI chips?
Japanese food flavoring company Ajinomoto, which commercialized MSG, also makes a key component in AI chips. It’s having trouble scaling to meet demand.
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Intel is having its best year since 1987
And it’s been the best 12 months for the stock since 1987.
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Report: Microsoft looks to remake Copilot in the image of OpenClaw
Microsoft is feeling the pressure to revamp its Copilot AI as it feels the heat from Anthropic, OpenAI, and OpenClaw.
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Neoclouds surge as Anthropic’s deals mean the scramble for compute is on
Anthropic is producing AI tools and capabilities that people love, but people are less than enamored about its access to compute.
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What to watch as the biggest US banks report earnings
Private credit exposure will be in focus, but banks haven’t been trading in lockstep with BDCs.
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Americans aren’t drinking as much Mexican beer — that’s not been good for Constellation
The nation’s largest beer importer by sales just saw a 10-year growth streak come to an abrupt end.
