Tech & Finance
SpaceX’s AI business leads in sales. Starlink still leads in operating profit.
The latest accounts show why a company’s fastest-growing division and its strongest profit contributor can be different businesses.
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Tech & Finance
19 stories
MGX participated in both labs’ last funding rounds. The reported race ahead of Anthropic’s expected IPO makes the distinction between new cash, company value and investor liquidity more consequential.
From the archive · Tech & Finance
Nscale’s 2027 AI plan meets a reported 2030s power date
Microsoft reportedly ended its Loughton agreement. The source report leaves its reason unspecified; the original announcements show why hardware delivery and usable power need separate scrutiny.
Tech & Finance
China's AI export draft leaves a route for selling access
Temporary registration begins now, while proposed bans and licensing rules await consultation. The documents distinguish selling a service from transferring technology or control.
Tech & Finance
TSMC earned US$259m a day as quarterly margins slipped
Profit rose 68.7% from a year earlier. The quarter-to-quarter comparison reveals new production costs, missing earlier gains and a useful distinction between earnings and cash.
Tech & Finance
ASML's profit jumps 70% as its capacity plans fall short
The chip-equipment maker returned about €4.1bn through buybacks. That comparison alone cannot explain why supply is tight.
Tech & Finance
Microsoft's 40% AI-efficiency target leaves the power bill open
Maia 300 is meant to deliver more tokens per megawatt. A simple scenario shows why total electricity demand can still rise.
From the archive · Tech & Finance
Firmus won AI customers. Its IPO still fell through.
The withdrawn Australian listing exposes the gap between signing compute customers and financing the factories that will serve them.
From the archive · Tech & Finance
Samsung's 55% margin leaves a question for its phone business
Preliminary guidance points to a striking group profit margin. The next test is whether the device businesses shared in the improvement.
From the archive · Tech & Finance
Google's 6.3GW power-deal tally mixes three different things
New generation, existing supply and reserve capacity serve different purposes. Adding the headline figures conceals what the agreements actually provide.
From the archive · Tech & Finance
DeepSeek nears a reported US$12bn raise. A rival's books show the cost.
Funding and valuation headlines describe investor appetite. MiniMax's filed results show a different test: how fast sales catch up with research spending.
From the archive · Tech & Finance
Foxconn's NT$3tn quarter: record sales, profit still unknown
Foxconn's third-quarter revenue jumped 47%. Its last reported operating margin was 3.75%, compared with TSMC's 60.3%—a reminder that hardware sales alone do not show who earns the profit.
From the archive · Tech & Finance
AI Wire: Google's power bill and Japan's US$15bn plan
Six developments reported on October 1–2 show the costs and dependencies behind AI: electricity contracts, a proposed Japanese campus, cybersecurity scrutiny, model access and memory supplies.
From the archive · Tech & Finance
Amazon explores an $8bn Nvidia-chip lease-back, FT reports
Amazon is testing investor appetite for a vehicle that would buy about $8bn of its Nvidia chips and rent them back, Reuters reported, citing the FT. The proposed lease-back raises a harder question: how much protection investors need when the hardware ages faster than a data centre.
Tech & Finance
Google is fighting a power tariff. Who pays for AI?
Google wants Quebec's regulator to reject Hydro-Québec's proposed data-centre tariff. The dispute asks who pays for the grid behind the AI boom.
Tech & Finance
Anthropic wants brakes on the AI race. Who makes its rivals slow down?
Anthropic CEO Dario Amodei wants outside reviewers and shared limits to slow the AI race. The open question is who can enforce the brakes.
Tech & Finance
AI giants promise to pay their own power bills. Show Canadians the receipts.
Canada’s new data-centre principles say project-driven electricity costs should not land on households or existing businesses. The real test is who pays for grid upgrades—and who carries the cost if demand falls short.
From the archive · Tech & Finance
River’s $1.1bn financing and Lovable’s $13.3bn valuation: what August’s AI funding numbers show
River AI said it raised $1.1 billion across Series Seed and Series A. Lovable said it raised $400 million at a $13.3 billion valuation—approximately twice its December 2025 valuation. Funding raised and company valuation are different measures.
Imperium Post Weekly · Deep dive
Microsoft’s capex forecast lost $15bn. Read the accounting note.
The capex ledger: a smaller spending forecast can reflect a change in accounting. Investors need to understand the difference before calling the AI build-out cheaper.