corporate finance

AMD shares surge after record $4.75 billion bond sale

Advanced Micro Devices priced the largest bond offering in its history last week — a $4.75 billion package of senior unsecured notes — sending its shares up 6.5% on Friday to close at $514.39. The deal, which is expected to…

OpenAI says enterprise now tops consumer revenue

OpenAI's annualized revenue run rate has surpassed $40 billion, roughly doubling from the end of 2025, as the company's enterprise business has overtaken its consumer segment months ahead of schedule. CFO Sarah Friar disclosed the crossover during a shareholder meeting…

Amazon uncovers ‘catastrophically expensive’ AI cost overruns

Amazon Amazon.com, Inc. has uncovered cases of runaway spending on internal AI projects, including one that exceeded its budget by 860% and went undetected for five months, according to a Financial Times report published Thursday.

Nvidia shares slide as $750B in AI deals fuel financing fears

Nvidia is advancing more than $750 billion in AI-related deals, a breakneck expansion that has intensified warnings from investors and analysts about the risks of "circular financing" — arrangements in which the chipmaker bankrolls the very companies buying its products.

Big Tech’s AI spending set to exceed cash flow by 2027

The five largest U.S. technology companies investing in artificial intelligence infrastructure are on pace to spend more on capital expenditures than they generate in free cash flow by 2027, according to a Reuters analysis published on Tuesday that underscores the…

BlackRock loses another private credit leader amid HPS integration

Stephen Allan, BlackRock's head of Australasia private credit, has left the firm, according to Bloomberg, adding to a string of senior exits from the asset manager's private credit operations following its acquisition of HPS Investment Partners.

Gartner warns AI coding costs will top developer salaries by 2028

Enterprise spending on AI coding tools is on track to exceed the average software developer's salary by 2028, according to a report published Tuesday by Gartner, as a shift toward consumption-based pricing and surging token usage upend corporate technology budgets.