Jane Street lost $15 billion in its first down month in a decade

Fortune · 26

Jane Street reported roughly $15 billion of losses in July, its first down month in about a decade, tied in part to losses from its investment in the AI-focused hedge fund Situational Awareness and to wrong-way bets in Asian equities. The swing came in July. As a result, Jane Street says it has closed a significant portion of risk in the areas that hurt in July and is more selective about taking risk while it moves ahead with a $14.6 billion bond refinancing.

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AI Infrastructure Business Funding AI Adoption Acquisitions

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Nvidia has $21 billion SpaceX stake, $30 billion in Intel shares

Fortune · 22

Nvidia disclosed it holds about $21 billion worth of SpaceX stock and about $30 billion worth of Intel shares. The SpaceX position corresponds to roughly 122.8 million shares as of June 30. Nvidia’s latest filings add the SpaceX value for the first time and update the Intel stake value after a jump from about $9.5 billion three months earlier.

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AI Infrastructure Business Funding NVIDIA Acquisitions

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Berkshire pads Delta, Alphabet stakes as Abel taps cash pile

Fortune · 7

Berkshire Hathaway increased its Delta Air Lines and Alphabet holdings as CEO Greg Abel began using the company’s cash pile. Berkshire added 17.5 million Delta shares, valuing the stake at $5.37 billion by the end of June. The changes raise Berkshire’s Alphabet stake to $37.8 billion at midyear and expand investment activity while its cash fell to $365.5 billion.

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AI Infrastructure Business Funding Google Acquisitions

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SpaceX officially closes its Cursor acquisition

TechCrunch · 2 months ago · 41 ● 3 sources

Cursor is now officially part of SpaceX after the acquisition closed, according to a Cursor blog announcement. The deal option was for $60 billion. Cursor says it will gain access to SpaceX’s computing infrastructure and GPU resources for scaling its work.

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AI Infrastructure Enterprise AI AI Coding Agents Acquisitions

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