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Greg Abel’s Week Is Off to Quite a Start
The Wall Street Journal73d agoneutral
Greg Abel’s Week Is Off to Quite a Start

It's been a busy few days for Berkshire Hathaway CEO Greg Abel, who took over for Warren Buffett Jan 1. On Sunday night Berkshire announced it would buy home builder Taylor Morrison Home Corp. for $6.

Alphabet to raise $80 billion in equity capital for AI spending
Reuters73d agoneutral
Alphabet to raise $80 billion in equity capital for AI spending

Alphabet said on Monday it aims ‌to raise $80 billion ‌in equity offerings, which will include ​an investment deal with Berkshire Hathaway. The Google parent has agreed to sell $10 billion ‌worth of ⁠shares to Warren Buffett's Berkshire Hathaway in a ⁠private placement, comprising $5 billion in Class A common ​stock at $351.81 ​per ​share and $5 billion ‌in Class C capital stock at for $348.20 per share. "The company is experiencing strong demand for its AI solutions ‌and services from ​enterprises and ​consumers, at ​levels that are ‌exceeding the company's ​available supply," ​Alphabet said.

McDonald's Wants to Feel More Upscale With Wings, Restaurant Remodels
Bloomberg73d agoneutral
McDonald's Wants to Feel More Upscale With Wings, Restaurant Remodels

(Bloomberg) -- McDonald’s Corp. is betting on everything from fancier chicken to new playgrounds as part of a campaign to make fast food feel less like fast food.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionA Rare ‘Super’ El Niño Is Looking More Likely. Here’s What to ExpectRussia Finance Officials Tell Putin War Spending Is UnaffordableStocks Up as Trump Cites Rapid Pace in Iran Talks: Markets Wra

Exclusive-EU cloud rules to curb Big Tech's access to strategic tenders, draft document shows
Reuters73d agoneutral
Exclusive-EU cloud rules to curb Big Tech's access to strategic tenders, draft document shows

BRUSSELS/AMSTERDAM, June 1 (Reuters) - The European Union plans to propose strict criteria for cloud computing services in highly critical state tenders that could exclude Amazon, Microsoft and Google from such ‌projects, according to documents seen by Reuters. The proposal is part of the European Commission's Cloud and AI Development ‌Act, which EU tech chief Henna Virkkunen will unveil on Wednesday as part of a package aimed at reducing the bloc's dependence on U.

Analysis-AI debt sales reshape global corporate bond markets
Reuters74d agoneutral
Analysis-AI debt sales reshape global corporate bond markets

From Europe to Japan and Switzerland, huge bond issues by Big Tech companies are proving that smaller markets, often overshadowed by the U.S., can punch above their weight in the $40 trillion world of corporate debt. Google-parent Alphabet is already one of the biggest ‌outstanding borrowers in the sterling and Swiss franc corporate bond markets, while Amazon raised 14.5 billion euros ($16.88 billion) in March from an eight-part deal, the ‌largest ever in the euro corporate bond market, according to LSEG. Debt issues by so-called "hyperscalers" - or Big Tech companies - outside the United States are part of a push to diversify their funding early on, bankers said, as ​they look to finance trillions of dollars of investment in AI infrastructure, especially data centers, in the years ahead.

Apple’s next AI test may not be Siri
TheStreet75d agoneutral
Apple’s next AI test may not be Siri

Apple (AAPL) doesn’t have to win the artificial intelligence model competition to win the next phase of AI. That's the bet underlying Bank of America's latest Apple call. Wamsi Mohan, an analyst at BofA, increased his price target on Apple to $380 from $330 and reiterated a Buy rating on May 26. ...

Dell shares rocket on bullish forecast for AI demand
Reuters Videos77d agoneutralVIDEO
Dell shares rocket on bullish forecast for AI demand

<body><p>STORY: :: Dell</p><p>Dell shares rocketed higher in after-hours trade Thursday, jumping around 39%.</p><p>The surge came after the computer maker lifted revenue and profit expectations.</p><p>Dell says it is seeing soaring demand for AI-optimized servers used in data centers.</p><p>It’s benefiting as tech giants like Alphabet and Amazon plan to spend over $700 billion on AI-related infrastructure this year.</p><p>Dell now expects annual revenue of up to $169 billion - way up on the previous forecast of up to $142 billion.</p><p>AI server revenue is expected to hit $60 billion for fiscal 2027, $10 billion up on previous expectations.</p><p>The company has been adjusting prices constantly as strong global demand causes the cost of memory chips to soar.</p><p>:: Dell</p><p>On a call with analysts, Chief Operating Officer Jeff Clarke said he knew customers were feeling the pain.</p><p>But he said there was little sign of inflationary pressure easing.</p><p>One analyst told Reuters that Dell looked well placed to cope with the chip shortage, helped by its scale and strong relationships with suppliers.</p></body>

Samsung Electronics ships HBM4E chip samples to global customers
Reuters77d agoneutral
Samsung Electronics ships HBM4E chip samples to global customers

Samsung Electronics said on Friday it has started shipping ‌samples of its latest high-bandwidth memory (HBM) ‌chip, or the 12-layer HBM4E, marking what it said ​was the industry's first shipment of such products. Samsung said the chip uses its latest ⁠1c DRAM process technology, or sixth-generation 10-nanometer-class DRAM, alongside Samsung's 4-nanometer foundry logic base die. The move comes just three months after Samsung began shipping its HBM4 chips to customers in February, underscoring Samsung's ‌efforts to strengthen its ​position in the next-generation ​AI memory market ​by proactively supplying samples of ‌its latest products.

Apollo, Blackstone work on $36 billion debt deal for Anthropic, Bloomberg News reports
Reuters77d agoneutral
Apollo, Blackstone work on $36 billion debt deal for Anthropic, Bloomberg News reports

Apollo Global Management and Blackstone are working to bring in additional investors ‌for about $36 billion debt financing tied to AI ‌startup Anthropic PBC's efforts to expand its AI infrastructure, Bloomberg ​News reported on Thursday. The debt would be used to buy custom chips from Google. Broadcom, which helps Google develop the chips, is backstopping ⁠payments on the largest portions of the transaction, the report added.