LINKEDIN TAPS SHAPERO AS NEW CEO
■ AI-SUMMARIZED FROM 1 SOURCE BELOW
Microsoft has named Daniel Shapero, LinkedIn's current COO, as the professional networking platform's new CEO. Shapero succeeds Ryan Roslansky, who led LinkedIn since 2020 and will remain as an executive vice president at Microsoft.
■ MORE FROM THE BIG TECH DESK
Tesla plans to build a research chip manufacturing facility in Texas with a $3 billion investment, marking an early step toward large-scale chip production. The effort will leverage Intel technology.
SoftBank Group is pursuing a $10 billion margin loan backed by its OpenAI shares as the Japanese conglomerate accelerates its artificial intelligence investments through increased debt.
Microsoft announced its largest-ever investment in Australia, committing A$25 billion ($17.9 billion) through 2029 to expand artificial intelligence capacity across the Asia-Pacific region.
Tesla has increased its capital expenditure plan to $25 billion for 2026, three times its historical spending levels. The company's CFO warned this will result in negative free cash flow for the remainder of the year.