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Business Archive

Archives for September 2024

DirecTV and Dish are mergingDirecTV and Dish are merging
Jess Weatherbed and Nilay Patel
Richard Lawler
Richard Lawler
The price of ChatGPT will go up.

The New York Times reports that documents shown to potential investors in just another tech company have an interesting detail:

Roughly 10 million ChatGPT users pay the company a $20 monthly fee, according to the documents. OpenAI expects to raise that price by two dollars by the end of the year, and will aggressively raise it to $44 over the next five years, the documents said.

The proposed investment could value the company at $150 billion and give it two years to convert to a for-profit business before the funding becomes debt.

Elizabeth Lopatto
Elizabeth Lopatto
Hindenburg report on Super Micro sparks Justice Department probe.

The very-online shortsellers published a report about the AI server-making company. Among the allegations: selling products to Russia in violation of sanctions, accounting violations, and transactions with companies controlled by the CEO’s family. Now the DOJ wants to hear more.

Richard Lawler
Richard Lawler
Masimo CEO Joe Kiani has resigned.

The company with the blood oxygen sensing tech causing issues for Apple Watches has announced its CEO — who we just interviewed — is out after investors voted to remove him from the board amid a proxy battle with Politan Capital Management.

In a filing, Masimo said Kiani filed a claim against the company in California state court related to his employment agreement. Michelle Brennan has been appointed interim CEO.

Why did Caroline Ellison do it?Why did Caroline Ellison do it?
Elizabeth Lopatto
Emma Roth
Emma Roth
WordPress co-founder Matt Mullenweg calls WP Engine a “cancer.”

In a post on his blog, Mullenweg called out the rival hosting service — which is built on WordPress — for “strip-mining the WordPress ecosystem” by disabling certain features like revisions. “What WP Engine gives you is not WordPress,” he says.

WP Engine has since responded the post, saying “recent attacks against us are unfair and untrue and clearly designed to harm our business.”

Arc creator Josh Miller on why you need a better browser than Chrome

The Browser Company cofounder thinks it’s time to modernize the browser and reinvent the web.

Nilay Patel
Richard Lawler
Richard Lawler
Apollo reportedly has a multibillion-dollar investment offer for Intel.

After multiple reports surfaced Friday saying Qualcomm talked to Intel about a possible acquisition, now Bloomberg reports Apollo Global Management has offered to make an “equity-like investment” of up to $5 billion.

Like the Qualcomm rumor, the details are all tentative at best, but until we find out more, I’m trying to think of who else might want a piece of Intel?

Richard Lawler
Richard Lawler
Samsung and TSMC have reportedly discussed building AI chip “megafactories” in the UAE.

We’ve heard rumors about AI chip manufacturing projects in the Middle East linked to OpenAI Sam Altman and Elon Musk.

Now, the WSJ says Samsung and TSMC execs have visited the United Arab Emirates “recently,” discussing projects worth up to $100 billion despite concerns about water sources and building up local engineering talent.

Elizabeth Lopatto
Elizabeth Lopatto
SEC seeks to sanction Elon Musk.

Turns out the SEC doesn’t like it when you no-show on them. Now the regulator is seeking to penalize Musk for refusing to appear and testify in a probe into his $44 billion acquisition of Twitter.

Qualcomm wants to buy IntelQualcomm wants to buy Intel
Richard Lawler and Sean Hollister
Richard Lawler
Richard Lawler
“The Man Who Made Nike Uncool” is out.

Nike is moving on from CEO John Donahoe less than a week after Bloomberg published its unflatteringly-titled profile of his four-year tenure.

Under Donahoe, Nike de-emphasized retail stores to chase direct sales, flooded the market with retros like the Panda Dunks, and put the RTFKT NFT shoe brand on the same level as the Swoosh and Jordan Jumpman.

Today’s announcement doesn’t include the RTFKT logo.

Nike brand logos on a black background, showing the Swoosh, the Jordan Jumpman, the Converse star, and some wacky lightning bolt for the NFT shoe brand RTFKT.
One of these logos doesn’t belong in this list, but Nike put it there anyway.
Image: Nike