Search results for Wall Street Journal
AI & Enterprise
Kuaishou AI video unit Kling raises $2 billion, valued at $18 billion
Kuaishou Technology\'s AI video subsidiary Kling has raised about $2 billion from investors, the Wall Street Journal reported on Thursday. The company said the total funding could increase to as much as $3 billion with additional investor participation. After the fundraising, Kuaishou\'s stake in Kling could fall to 68.33 percent. The investment lifts Kling\'s valuation to $18 billion, as Kuaishou pursues a restructuring.
AI & Enterprise
SpaceX shows investors AI device prototype combining in-house OS and xAI
SpaceX has shown investors a prototype AI device similar in form to a smartphone, the Wall Street Journal reported on Tuesday. The company is believed to have unveiled the device to investors and other stakeholders ahead of a listing. The device is at an early stage and its design could change. Elon Musk denied the report as “completely fake news.” The prototype was described as thinner than an iPhone.
Telecommunications & Media
Rocket Lab to buy satellite communications company Iridium for $8 billion, challenge SpaceX
Rocket Lab has agreed to acquire satellite communications company Iridium Communications for $8 billion, the Wall Street Journal reported on June 29. The move aims to secure a satellite network and global spectrum assets to compete with SpaceX. Rocket Lab said it will combine its launch and satellite manufacturing capabilities with Iridium’s service reach and spectrum holdings, and develop next-generation satellites to replace Iridium’s current constellation.
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AI & Enterprise
China AI matches Anthropic\'s Mythos in some security tasks, putting pressure on U.S. policy
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Crypto
U.S. senators urge CFTC probe into Polymarket over alleged deceptive marketing
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Industry
Micron executive suggests big customers\' long-term contracts behind memory shortage
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Telecommunications & Media
Apple raises Mac, iPad prices 15 to 25 percent; signals possible iPhone hike
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Telecommunications & Media
Apple price hike may come sooner than iPhone 18 launch
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Crypto
Prediction markets grow but profits go to few
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AI & Enterprise
AI investment drives up electronic component prices, pushing up IT device costs
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AI & Enterprise
Big cloud AI chip war enters new phase as Google, Amazon push external sales
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AI & Enterprise
Accenture cuts annual revenue forecast; shares plunge 18 percent on AI replacement fears
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Telecommunications & Media
iPhone 18 set for price rise as Apple cites RAM shortage, Tim Cook says
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Industry
SpaceX ends record $75 billion IPO; five key variables for investors
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AI & Enterprise
AI price war begins as costs become a key factor for OpenAI and Anthropic
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AI & Enterprise
U.S. blocks overseas access to Anthropic\'s Mythos and Fable5 after Amazon CEO tip
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Crypto
Blockworks acquires Messari, expands crypto data integration
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Crypto
RWA market surges 589 percent amid broader crypto downturn