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SpaceX’s $75 billion offering will impact a lot more than just the employees and investors who are looking to cash in on their stock. It will also be a gauge of enthusiasm for tech IPOs, helping set the stage for other mega IPOs like Anthropic and OpenAI. If SpaceX’s IPO doesn’t take off, “you’d see a pullback in institutional capital that would have been available for other IPOs that want to go later this year,” said Ran Ben-Tzur, co-head of the capital markets and public companies group at law firm Fenwic
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The Information
An East Bay apartment complex has been bought at a price that's well below its prior value. Read more ›
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A PG&E Corp. unit has bought a San Jose building in a move to bolster the utility's South Bay operations. Read more ›
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Готовы рискнуть вашими... проектами?Привет, Хабр! Я Лена, аналитик Directum Projects. Риск — не мое второе имя, но в работе мне приходится сталкиваться с ним каждый день. Чего еще я хотела на ИТ-проектах :) Главное здесь — грамотный менеджмент, чтобы процесс не превратился в вождение на велосипеде без тормозов: едет быстро, падает громко. И вот, когда мы в очередной раз летим с обрыва с оптимистичной записью «Проблем на проекте не предвидится»,... Read more ›
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A number of companies, including Snap, Cisco, and Block, have attributed recent staff reductions to AI. Read more ›
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Apple's first foldable iPhone, which is rumored to launch as the iPhone Ultra, is expected to debut in September. Back in April, a report claimed that Apple had selected Samsung Display as the exclusive supplier of foldable OLED panels for the device. According to a new report from the same source, Samsung Display has now received approval to begin OLED panel production after achieving over 80% manufacturing yield. Alleged iPhone... Read more ›
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Layoffs have hit over 30 companies in 2026, including Meta, Walmart, and Groupon, as AI and economic conditions reshape the business landscape. Read more ›
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In this monthly series, running alongside our existing Tech Exchange dialogues, FT journalists talk to the scientists, developers and business leaders exploring ever more applications for artificial intelligence in every aspect of our lives Read more ›
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Each season of "The Legend of Vox Machina" takes years to make, but the Critical Role cofounders say they will never take shortcuts with AI tools. Read more ›
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David Ellis' wife had spent years living far from her family for his career. When she wanted to return to Japan, it was his turn to follow. Read more ›
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Business Insider's list of the most innovative CMOs spotlights marketers who are pushing brands into new territory and delivering measurable results. Read more ›
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Lossmaking AI group is presenting at Cannes Lions advertising conference for the first time Read more ›
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Buyout investors are recreating software products to gauge their competitiveness Read more ›
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Brussels’ proposals to cut reliance on US Big Tech spark concerns among European carmakers Read more ›
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In a slot canyon in Utah, you will find stacks of old crushed cars seemingly build into the canyon walls. Here's what they're doing there and why. Read more ›
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CRED Steps Into A New Era Fintech major CRED has raised a mega $900 Mn round led by Meta, and… Read more ›
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By 2028, Cordelia will have transformed from a single-vessel operator into a three-ship fleet. The challenge is whether India's still-nascent cruise market can generate demand quickly enough to support a near-tripling of capacity. Read more ›
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An anonymous reader quotes a report from Ars Technica: Dozens of new robot arms have been installed at General Motors' flagship electric vehicle factory in Detroit -- even as 1,300 workers remain out of work following what was supposed to be a temporary layoff. The latest automation push has spurred union pushback over a potentially existential issue for automakers and their workers. General Motors installed approximately 50 robot arms at... Read more ›
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A minimally invasive treatment called GAE is helping people with chronic knee pain get back to gardening, cycling, and other activities without undergoing knee replacement surgery. Early studies suggest the procedure can provide years of relief by reducing inflammation inside the joint. Read more ›
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The Information
Chinese AI lab DeepSeek has closed its first funding round that raised more than 50 billion yuan ($7.4 billion) under an unusual deal structure, according to two people with direct knowledge of the matter. The funding round, which values the large-language model developer at more than $50 billion, requires investors to put their capital into a limited partnership managed by DeepSeek CEO Liang Wenfeng, instead of DeepSeek itself, as a... Read more ›
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Chinese AI lab DeepSeek has closed its first funding round that raised more than 50 billion yuan ($7.4 billion) under an unusual deal structure, The Information reported. The funding round, which values the large-language model developer at more than $50 billion, requires investors to put their ... Read more ›
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SpaceX announced it agreed to buy AI coding startup Cursor for $60 billion on Tuesday. The announcement came only a few days after SpaceX went public at a valuation of about $1.77 trillion. Since the IPO, SpaceX stock has risen 42% to close on Monday at $193.50, valuing it at $2.5 trillion. The ... Read more ›
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Ornn, a startup that tracks the cost of computing power for artificial intelligence, has launched a service to track the price of tokens produced by the leading AI labs. The new benchmark comes as AI firms’ customers and financial backers search for better ways to track major AI costs. The Ornn ... Read more ›
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Polymarket and Kalshi are racing to turn more major events into opportunities to place bets, including everything from daily temperature highs during a New York City heat wave to the latest contestant to be eliminated from “Love Island,” the reality TV hit. That’s helped the young markets become high-profile sentiment gauges and generate meaningful revenue, with Kalshi’s annualized revenue hitting around $1.5 billion in May and Polymarket pacing at roughly... Read more ›
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Remember the last time Anthropic tussled with the Trump administration, all the way back in February, when a coterie of competing AI researchers and CEOs (even Sam Altman!) quickly came to Anthropic’s defense?Remember the last time Anthropic tussled with the Trump administration, all the way back in February, when a coterie of competing AI researchers and CEOs (even Sam Altman!) quickly came to Anthropic’s defense?That doesn’t seem to be happening... Read more ›
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The U.S. military used xAI’s Grok to help plan its bombing missions against Iran earlier this year, according to a court filing from a Pentagon official. A Grok model is deployed as part of Maven Smart Systems, a government AI service, to support “vital national security missions” including ... Read more ›
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Robinhood said on Tuesday it’s cutting 10% of its workforce, or about 290 roles, and closing a small number of open roles, in an effort to stay lean. “Because our financial position is strong, we are making this change proactively,” CEO Vlad Tenev said in a note to employees. “We must be a lean, ... Read more ›
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Snap on Tuesday unveiled the latest version of its augmented reality glasses, Specs, as it tries to catch up to similar products from Meta Platforms and Google. The device, which will cost $2,195, will offer features like real-time translation, web browsing and video recording, and it will have ... Read more ›
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As AI spending has eaten into corporate budgets, generating concern over rising costs at Fortune 500 firms from Uber to ServiceNow and Snowflake, some companies are beginning to throttle employees’ usage. The latest is AT&T, which has begun limiting some employees’ access to Microsoft’s Github Copilot, according to a person at the company. In a more striking example, Meta is also limiting employees’ AI spending on services from Anthropic and... Read more ›
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23.06.2026 00:52
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