Shares are up more than 300% this year for the Tokyo-based company. Kioxia Holdings' shares were untraded in a glut of buy orders Monday morning after the supplier of storage for artificial intelligence data centers reported soaring profit and gave an outlook that trounced expectations. The Tokyo-based company said it expects to earn an operating profit of ¥1.3 trillion ($8.2 billion) during the June quarter, above the record profit it earned for the full year ended March. Its quarterly profit also surged past expectations, surpassing that of Toyota's, making Kioxia one of Japan's most profitable businesses. Kioxia's shares are up more than 300% this year.

Meanwhile its Audacious Project --a funding initiative that gives mature nonprofits the opportunity to pitch "moonshot" plans to a coalition of philanthropists--has raised over $1 billion in each of the last two years, in an epic Robin Hood operation for a handful of large-scale projects on climate, health, education, and criminal justice: The Audacious recipients here this year are taking this brief break from their work preventing 16 million unsafe abortions, helping governments in 20 countries prevent lead poisoning, or intercepting 5 percent of the world's river-borne plastic before it reaches the ocean.

Things have not been looking good for Spirit Airlines for years now. The budget airline known for its bare-bones approach to the sky filed for bankruptcy in 2024 and then again in 2025. And yet, its demise on Saturday felt sudden and shocking: Spirit said it would go out of business, canceling flights, shuttering its customer service lines, and laying off workers without warning. What does it mean for flyers, and for the busy summer travel season? WIRED spoke to experts to find out.

GameStop's CEO said he could turn eBay into something worth hundreds of billions of dollars. GameStop's CEO said he could turn eBay into something worth hundreds of billions of dollars. GameStop makes $55.5bn takeover offer for eBay Video game retailer's CEO warns that unsolicited bid could turn hostile if it is rebuffed by resale site's board US video games retailer GameStop has offered to buy eBay for $55.5bn (£41bn) in an unsolicited bid that its boss warned could turn hostile if the proposal is rebuffed by eBay's board. GameStop, which has quietly accumulated a 5% stake in eBay, said it was willing to pay $125 a share, split 50-50 between cash and stock. It is an ambitious move by the games company, which catapulted to fame during the meme-stock craze of 2021 but is worth far less than its takeover target.

Apple CEO Tim Cook told analysts that AI adoption has happened faster than expected. Apple CEO Tim Cook said on the company's earnings call on Thursday that it could take "several months" to meet skyrocketing demand for the Mac Mini, the company's compact but mighty, screen-free desktop computer. Cook's remarks come after coders determined in recent months that the Mac Mini was the perfect machine for agentic AI tasks. "On the Mac Mini and Mac Studio, both of these are amazing platforms for AI and agentic tools," Cook said on the earnings call, in response to analyst questions. "And customer adoption of that is happening faster than we expected." The news comes amid another record-setting quarter for the company.

Its march toward automation continues. Amazon has acquired Rivr, a startup focused on autonomous robotics. Rivr is based in Zurich and was valued at $110 million in a funding round from August 2024, which both Amazon and its CEO's Bezos Expeditions participated in. Financial details of the acquisition were not disclosed. Rivr's robots have four legs and wheels that allow it to maneuver on stairs and other potentially uneven surfaces.

The Boston startup uses AI to translate and verify legacy software for defense contractors, arguing modernization can't come at the cost of new bugs. Code Metal, a Boston-based startup that uses AI to write code and translate it into other programming languages, just closed a $125 million Series B funding round from new and existing investors. The news comes just a few months after the startup raised $36 million in series A financing led by Accel. Code Metal is part of a new wave of startups aiming to modernize the tech industry by using AI to generate code and translate it across programming languages. One of the questions that persists about AI-assisted code, though, is whether the output is any good--and what the consequences might be if it's not.