SpaceX tapped Goldman Sachs for the top role on its initial public offering next month, according to the Wall Street Journal. The “lead left” position would put Goldman in the driver’s seat for what will likely be the largest IPO ever. Morgan Stanley, Bank of America, Citi and JPMorgan are the ... Read more ›
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For the past two days, I’ve been at JP Morgan’s annual tech conference in Boston. As usual, AI has dominated most of my conversations with investors. But in a change from the past few months, it’s not Anthropic and OpenAI driving those discussions—but hardware and utility companies a few steps removed from what the AI model makers do.On Monday, for example, NextEra Energy and Dominion Energy agreed to a $400... Read more ›
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If you pay attention to one thing in AI this week, it should be Google’s I/O presentation on Tuesday. The tech giant unveiled a bunch of AI tools, most significantly the addition of new AI features such as agents to Google Search. Any distinction that existed between Google’s Gemini AI chatbot and its search bar is disappearing.No longer should we compare OpenAI’s ChatGPT to Gemini—it’s ChatGPT versus Google Search. That’s... Read more ›
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SpaceX and Cursor expect to proceed with their planned acquisition 30 days after SpaceX begins trading publicly, according to someone familiar with the matter. SpaceX is expected to go public in mid-June in the largest IPO in U.S. history. The Elon Musk-founded rockets-and-AI company announced ... Read more ›
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Google unveiled an expanded lineup of AI shopping tools Tuesday at its annual I/O developer conference, including a “Universal Cart” that allows users to add products from multiple retailers and sites across multiple Google products including search, Gmail, Gemini and YouTube. The cart will also ... Read more ›
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Google DeepMind agreed to pay between $80 million and $90 million to hire employees from AI agent startup Contextual AI and to license its technology, according to a person with knowledge of the deal. Douwe Kiela, Contextual’s cofounder and CEO, is expected to join DeepMind alongside over ... Read more ›
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SpaceX’s initial public offering prospectus will read like a kaleidoscope when it’s unveiled publicly in the coming days. There will be a dazzling mixture of storylines and figures that show huge financial losses, exciting promises, impressive growth and unmet expectations. Information in the prospectus will help investors knit together parts of the company that feel disconnected—rocket launches, satellite internet, social media, AI models, data centers, defense contracting, Mars voyages—ahead of... Read more ›
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Google on Tuesday announced a new video model, upgrades to search and a slightly streamlined coding agent offering at its annual conference. The Google I/O event is officially a developer conference, but in practice Google has also used it in recent years to showcase new consumer AI offerings ... Read more ›
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SpaceX’s initial public offering, expected to be the largest in history, is also set to yield the largest venture returns ever at the time of the IPO. Among those set to win big are Founders Fund, Valor Equity Partners and Sequoia Capital. Valor Equity Partners, whose founder Antonio Gracias is on the SpaceX board and has backed several of Musk’s endeavors, owns about 4% of SpaceX, via the almost $6... Read more ›
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Microsoft’s GitHub Copilot may have lost much of its early lead in the AI coding race to rivals like Anthropic and Cursor, but Microsoft thinks it has an advantage over those companies: roughly 100,000 software engineers who work for Microsoft. As we reported Monday, Microsoft leaders think they can develop coding models using the wealth of proprietary code those developers have written (and are writing now). It’s the latest example... Read more ›
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Andrej Karpathy, a founding member of OpenAI and the former director of AI at Tesla, is joining Anthropic, he posted on X on Tuesday. “I think the next few years at the frontier of LLMs will be especially formative,” he wrote. The hire is a coup for Anthropic, given Karpathy’s legendary status ... Read more ›
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Some developers have told me that the rising costs of frontier AI models from Anthropic and other firms could prompt them to shift to cheaper open-source AI. After all, when companies as sophisticated as Uber are accidentally blowing through their entire year’s AI budget in a matter of months, it makes sense to cut back by using a less capable open-source model to automate simpler tasks. (In fact, companies like... Read more ›
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Amazon’s yearslong effort to build a serious alternative to Nvidia’s dominant AI chips is starting to gain traction. Anthropic and OpenAI, which have struck multibillion-dollar investment and infrastructure deals with Amazon, have already committed to renting large amounts of current and future Trainium capacity. Now, recent software improvements are prompting smaller developers to consider moving more workloads to Trainium, half a dozen people who use or work with the chips... Read more ›
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Chipmaker Analog Devices is in advanced talks to buy startup Empower Semiconductor for about $1.5 billion, in a deal that reflects demand for technology that can manage the intense energy needs of AI chips, The Information reported Monday. A deal could be announced as soon as this ... Read more ›
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Lisa Su, Chair and CEO of Advanced Micro Devices, met with Chinese Vice Premier He Lifeng in Beijing on Monday, two days after U.S. President Donald Trump wrapped up his state visit to China. He, China’s No.1 official in charge of economy and trade, said multinational companies, including AMD, ... Read more ›
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Chipmaker Analog Devices is in advanced talks to buy startup Empower Semiconductor for about $1.5 billion, in a deal that reflects demand for technology that can manage the intense energy needs of AI chips, according to people familiar with the discussion. The acquisition of the 12-year-old startup would expand Analog Devices’ portfolio of chips that support AI, whose complex workloads require massive amounts of energy. Chipmakers like Analog have been... Read more ›
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Google and Blackstone are creating a cloud computing company that will rent out Google’s tensor processing units to artificial intelligence developers, according to a person with direct knowledge. Google has been pushing for many months to expand the reach of its TPUs, in an effort to compete ... Read more ›
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Meta Platforms is making broader organizational changes along with impending mass layoffs to better suit its structure to AI, a top executive told staff on Monday. The owner of Facebook and Instagram plans to detail cuts on Wednesday to about a tenth of its nearly 78,000 employees. As company ... Read more ›
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Elon Musk’s big week isn’t starting out too well. Firstly, the all-important test launch of Starship got delayed by a day. Meanwhile, news broke that a worker died on Friday at SpaceX’s Starbase complex in Texas, where the rocket will launch. Separately, Musk on Monday lost the lawsuit against his fellow OpenAI founders, Sam Altman and Greg Brockman. The loss was sort of a technicality: The jury found that Musk... Read more ›
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Shares in Seagate Technology, which makes hard disk drives for data storage, fell 7% Monday after CEO William Mosley suggested the company was more focused on increasing capacity on its individual hard drives than “building new factories or bringing up new machines that would just take too long. ... Read more ›
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14.06.2026 08:47
Last update: 08:40 EDT.
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