Microsoft Plans to Unveil Maia 300 AI Chip in September, Eyes Massive Production Ramp
Microsoft plans to unveil its Maia 300 AI chip this fall and secure TSMC capacity for over 300,000 units in 2027 to cut Nvidia reliance.
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Nvidia to Invest Up to $3 Billion in Lancium, the Power Company Behind Stargate
Nvidia plans up to $3B investment in Lancium, the Blackstone-backed power firm behind the Stargate AI data center project, valuing it at $10B.
GameStop Weighs Dropping $56 Billion eBay Bid in Favor of Partnership
GameStop CEO Ryan Cohen may withdraw the $56 billion eBay takeover bid and pursue a partnership instead, using its 1,600 U.S. stores for collectibles.
Ashland Explores Sale After Takeover Interest From PE Firms and Activist Pressure
Ashland is exploring a potential sale after takeover interest from PE firms like Advent, Apollo & Carlyle, following activist pressure from Ancora.
US Army to Spend $400 Million on AeroVironment Counter-Drone Lasers
The US Army plans a $400 million deal for AeroVironment’s Locust lasers, the Pentagon’s first production contract for directed-energy counter-drone systems.
Rockstar Energy Founder Buys $300 Million Stake in Celsius and Offers to Become CEO
Rockstar Energy founder Russ Savage acquires 4.7% of Celsius worth $300M and calls for leadership overhaul after earnings miss, volunteering as CEO.