OpenAI, Broadcom Develop Custom Chip for AI Inference
The chip, called Jalapeño, was built to improve efficiency and lower costs, advancing OpenAI's strategy to build out a full stack behind its models and products.
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Memory-Chip Giant SK Hynix Seeks to Raise $29 Billion in U.S. Listing
The deal would be one of the biggest share sales in history, comparable to Saudi Aramco's 2019 IPO.
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Qualcomm to Acquire AI Software Firm Modular in $3.9 Billion Stock Deal
Qualcomm agreed to acquire the AI software company Modular for about $3.9 billion, in a bid to make artificial intelligence faster and cheaper for its customers.
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Hertz Dampens Guidance Amid Struggling Used-Car Market
Hertz Global said its adjusted earnings in the second quarter are shaping up to be on the low end of its expectations after used-car demand was worse than expected.
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Amazon's Zoox Redesigns Robotaxi for Large-Scale Production
Zoox plans to move the new robotaxi into large-scale production soon, expecting it will become available to riders later this year.
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Chemours to Pay $450 Million to Settle 'Forever Chemicals' Allegations
The settlement covers four Chemours facilities in West Virginia, North Carolina and New Jersey where the company allegedly used or produced per- and polyfluoroalkyl substances (PFAS).
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Wendy's Is the New Meme Stock. What It Means For the Burger Chain.
The rally came after a slew of posts on the WallStreetBets investing forum urge retail traders to buy the struggling fast-food chain.
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Prologis Rebuffed in $16.6 Billion Takeover Approach for U.K.'s Segro
The world's largest owner of industrial real estate said it sees a clear strategic rationale for a combination and urged Segro shareholders to encourage the board to engage.
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Agility, Maker of Humanlike Robots, to Go Public in $2.5 Billion SPAC Deal
Agility's humanoid robot, Digit, is used at manufacturing facilities and warehouses by companies such as Amazon.
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EG Group Files For U.S. Listing, Targeting $9 Billion Valuation
The U.K.-based gas-station operator could raise around $1 billion in the offering, according to two people familiar with the matter.
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Sixteen Airbus A380s to Undergo Inspection After Cracks Found on Airplane Wings
Aircraft operated by Emirates and Qantas require inspections, with immediate checks needed for five of the jets.
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Germany Scraps Plan for Biggest Military Ship Since World War II
As it rapidly rearms, Berlin is increasingly giving priority to speed of delivery over sophisticated specifications.
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Alibaba Files Lawsuit Against Pentagon Seeking Removal From Military List
Alibaba Group filed a lawsuit against the U.S. Department of Defense in a San Jose federal court.
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SoftBank's Son Sets Bold Net Asset Value Target on Promise of 'Super AI'
Masayoshi Son wants to bring SoftBank's net asset value to $6.189 trillion in the next decade.
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Chinese Supercomputer Overtakes U.S. as World's Fastest
China's LineShine system won the No. 1 spot on the latest Top500 supercomputer ranking released this week.
(END) Dow Jones Newswires
June 24, 2026 15:00 ET (19:00 GMT)
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