TikTok’s owner is in advanced talks to buy custom data-center chips from MediaTek, Bloomberg reports. The deal would give MediaTek a second big customer after Google, one that can only buy what a U.S. export threshold allows.
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Anthropic showed investors a cash-flow positive quarter as its growth slowed, TSMC posted a sixth straight record profit and raised its outlook, and Jio priced an IPO that mostly pays off debt. Plus SportsGrid’s sale and Fox’s Roku vote.
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Fox is paying $160 a Roku share, about $14.7 billion of it in cash, for a platform that brought in $4.64 billion of platform revenue over the past year. The filings also show what Fox agreed to pay if antitrust regulators block the deal: more than Roku’s past year of free cash flow plus all of Fox’s promised savings.
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Japan supplies the money, GlobalFoundries supplies the technology and runs the plants, and the Commerce Department takes a stake in GF. The company bringing the know-how lists no construction bill of its own.
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Pennsylvania State Police can begin seizing skill-game machines from bars, convenience stores and clubs across the state as of Wednesday,
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Chicago Fed President Austan Goolsbee says AI demand is starting to overheat the economy. A rate hike can’t reach the ad money behind the biggest data centers, but it can reach everything the buildout borrows.
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A federal jury in Delaware found on Tuesday, Oct. 13, that Arm Holdings breached its licensing agreement with Qualcomm and
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Getty Images will go private through a prepackaged Chapter 11, with affiliates of the Getty family and Koch Equity Development
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Singapore developer DayOne locked another RM15 billion for hyperscale capacity in Malaysia, half in offshore dollars and half as Islamic cost-plus financing, while its US IPO registration is still waiting on a price.
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The International Monetary Fund on Tuesday, Oct. 13, raised its forecast for global growth this year to 3.1%, up from
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