Business

Samsung SDI takes full control of ... Samsung SDI takes full control of its Indiana battery plant as GM walks away from EVs Samsung SDI bought out GM's stake in their joint $3.5 billion Indiana factory, pivoting the plant from EV cells to grid energy storage as US electric car demand slows. yesterday
China's Bank of China is lending ... China's Bank of China is lending money based on AI token usage A pilot scheme in Guangzhou uses token consumption as a creditworthiness metric — something no Western bank has tried and no regulator has addressed. Aug. 17, 2026, 4:25 p.m.
Sony wants its own Mario and ... Sony wants its own Mario and Hello Kitty — meet Nemu, the anxious bear Sony has built a dedicated mascot team targeting ¥10 billion a year in merchandise revenue by 2030, with a sleep-deprived bear leading the charge over fan favourite Astro Bot. Aug. 17, 2026, 3:46 p.m.
Stripe acquires AI model gateway OpenRouter ... Stripe acquires AI model gateway OpenRouter for over $7 billion The payments giant's biggest bet yet on AI infrastructure gives it a single API routing layer across 500+ models — and a new edge over fintech rivals. Aug. 17, 2026, 3:21 a.m.
SpaceX closes $60B Cursor deal, locking ... SpaceX closes $60B Cursor deal, locking the top AI coding tool into Musk's orbit The acquisition gives Cursor access to what it calls the world's largest GPU fleet — and raises fresh questions about competition and data in the AI coding market. Aug. 17, 2026, 1:03 a.m.
Sub-$100 smartphones are nearly extinct — ... Sub-$100 smartphones are nearly extinct — and AI is to blame Memory prices driven up by AI datacenter demand have gutted the budget phone market. Sales of phones under $100 collapsed 64% in Q2 2026, and the new floor is $200. Aug. 15, 2026, 3:39 p.m.
Apple opens Houston AI server factory ... Apple opens Houston AI server factory — and Mac mini is next Tim Cook cut the ribbon on a new Advanced Manufacturing Center in Texas, where AI servers are already shipping and Mac mini assembly starts later this year. Aug. 14, 2026, 8:56 p.m.
Sony Xperia 1 VIII: the last ... Sony Xperia 1 VIII: the last flagship with a headphone jack and microSD slot Sony's new €1,499 flagship keeps the ports everyone else dropped — and it's selling well because of it. Aug. 14, 2026, 3:39 p.m.
Terafab: Musk's $16.8B chip factory is ... Terafab: Musk's $16.8B chip factory is a bet on semiconductor independence Tesla and SpaceX are building a vertically integrated semiconductor complex in Texas that would dwarf any existing fab — but questions remain about oversight and community impact. Aug. 7, 2026, 6:25 p.m.
Demis Hassabis steps down as Google ... Demis Hassabis steps down as Google DeepMind CEO, Jeff Dean leaves after 27 years Hassabis moves to a chairman and chief scientist role at Alphabet while an insider takes over day-to-day operations — and a 27-year Google veteran walks out the door. Aug. 6, 2026, 4:47 a.m.
Xbox is now £100 more expensive ... Xbox is now £100 more expensive than PS5 after Microsoft's August price hike Microsoft raised Xbox Series S and Series X prices across Europe and the UK on August 1 — and the increases are hard to swallow. Aug. 2, 2026, 3:47 p.m.
Apple Posts Record $109.4B Quarter — ... Apple Posts Record $109.4B Quarter — Then Stock Drops 6% iPhone and Mac sales surged, but a services miss and weak forward guidance rattled investors despite Apple's best-ever June quarter. July 31, 2026, 1:02 p.m.
Samsung's phone unit posted its first-ever ... Samsung's phone unit posted its first-ever loss — and its own chip division is partly to blame Strong Galaxy S26 sales weren't enough to offset soaring memory chip costs, while Samsung's semiconductor arm broke records in the same quarter. July 30, 2026, 1:01 p.m.
EA's CEO got a $38.6M pay ... EA's CEO got a $38.6M pay package the same year he laid off Battlefield studio workers Andrew Wilson's compensation rose $8 million year-over-year while DICE, Criterion, Ripple Effect, and Motive all saw cuts after Battlefield 6's record launch. July 29, 2026, 6:55 p.m.
CATL made $10.4bn in profit last ... CATL made $10.4bn in profit last year — more than four major automakers combined The Chinese battery giant earns a 17% net margin while the car brands it supplies scrape by at 2–4%. That gap tells you everything about who's winning the EV transition. July 29, 2026, 12:41 p.m.
Apple reclaims world's most valuable company ... Apple reclaims world's most valuable company title from Nvidia Apple's market cap hit $4.94 trillion on July 27, nudging past Nvidia's $4.83 trillion as investors grow skeptical of big AI spending bets. July 28, 2026, 1:43 p.m.
Paramount-Warner Merger Frozen Until 2027 as ... Paramount-Warner Merger Frozen Until 2027 as States Win Court Battle A coalition of 12 US states blocked Hollywood's biggest-ever deal, forcing Paramount into a $7M-per-day penalty race while the companies wait out a federal trial. July 26, 2026, 1:44 p.m.
Honor rebrands with 'Dare to be' ... Honor rebrands with 'Dare to be' slogan and AI ambitions to rival Samsung and Apple The Chinese phone maker drops 'Go beyond,' adopts a new color, and sets its sights on becoming an AI ecosystem player in Europe. July 23, 2026, 7:33 p.m.
Samsung Galaxy Card Is Here: 5% ... Samsung Galaxy Card Is Here: 5% Back on Samsung Gear, Issued by Barclays Samsung's first credit card runs on Visa, integrates with Samsung Wallet, and beats Apple Card's rewards on hardware purchases — but only in the US for now. July 21, 2026, 3:12 p.m.
LG is closing its oldest China ... LG is closing its oldest China factory and walking away from budget audio The Huizhou plant, open since 1993, will stop production by October 2026 — LG is outsourcing cheap speakers to Chinese rivals and betting on premium audio instead. July 21, 2026, 2:32 p.m.
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