Stocks in rocket launch and satellite companies have surged over the past year, as SpaceX’s soaring private valuation and steps toward what could be a record-smashing initial public offering drums up enthusiasm for all things outer space. But most of the companies whose stocks have been rocketing are at risk if SpaceX solidifies its lead in launches and satellite-powered communications. Those include rocket maker Rocket Lab and AST SpaceMobile, a... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Midjourney’s David Holz was AI’s creative rebel. Then Google pounced. • Plus, Recommendations—our weekly pop culture picks: “Catching the Codfather” “American Reich” and “For All Mankind”The only thing more fluid these days than which AI company has a better model is which ultraexclusive conference techies lust to be invited to.And JPMorgan Chase’s Tech100, at the private Yellowstone Club in Montana, has been... Read more ›
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Over five seasons, the fictional human beings in “For All Mankind,” Apple TV’s alt-history space race drama, have accomplished any number of feats: They’ve landed on the moon. And on Mars. They’ve put a woman in the White House—mainstreamed nuclear fusion, too. In another dramatic moment, a group even managed to lasso an asteroid laden with an ultravaluable resource and put it into planetary orbit. From a corner of Hollywood... Read more ›
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Robotics startup Physical Intelligence is in talks to raise roughly $1 billion in a round that would value the company at over $11 billion including the investment, according to a Bloomberg report Friday. Founders Fund is participating in the round, and Lightspeed Venture Partners, Thrive ... Read more ›
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Google is in talks to help finance a multibillion-dollar data center in Texas leased to Anthropic, the Financial Times reported. The deal could involve Google offering construction loans for Nexus Data Centers, the site’s operator, which has the lease with Anthropic, according to the Financial ... Read more ›
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Microsoft will lease a 900-megawatt data center site in Abilene, Texas, the company confirmed on Friday. The site, developed by data center startup Crusoe, was originally intended for Oracle, which occupies other data centers on the site, which Crusoe developed for the cloud provider. But Oracle ... Read more ›
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Over much of the past year, David Holz, the 37-year-old founder of Midjourney, has devoted himself to a single task: reassuring fans of his AI image-making tool that a new, significant update—version 8—would indeed arrive soon. Initially, Holz said it might come at the end of 2025. That date slipped to January. Then February. Then earlier this month. On March 11, Midjourney users confronted Holz about version 8’s ETA on... Read more ›
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Shortly after OpenClaw shot to popularity in January, a newly hired product manager at Tencent in China became obsessed with the open-source software for building AI agents. That manager, Shuyu Zhang, quickly came up with the idea for QClaw, an OpenClaw-based agent that can be installed with one click and controlled with Tencent’s WeChat app, hugely popular in China. QClaw is one of eight OpenClaw-based applications and services Tencent introduced... Read more ›
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China’s largest chipmaker, Semiconductor Manufacturing International Corp., has been supplying chipmaking tools to Iran’s military for roughly a year, Reuters reported, citing two U.S. officials. The tools were sent to Iran’s military-industrial complex and could be used to produce chips for a ... Read more ›
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Anthropic is discussing an initial public offering that could happen as soon as the fourth quarter of this year, The Information reported Thursday. Bankers vying to take the company public have said it could raise as much as $60 billion, the report said. Meanwhile, Anthropic on Thursday said it ... Read more ›
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A federal judge in California granted Anthropic a preliminary injunction halting the Pentagon’s designation of the AI startup as a supply chain risk while Anthropic’s lawsuit against the Department of Defense proceeds. In her order, Judge Rita Lin of the Northern District of California wrote ... Read more ›
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It was a brutal day on Wall Street—particularly for shares of Meta Platforms, Reddit and Snap. While the Nasdaq dropped 2.4%, shares of the social media firms plunged between 8% and 10% as the implications of Wednesday’s verdict in the social media addiction lawsuit sank in. That verdict, which found Meta and Google’s YouTube liable for negligence, didn’t concern either Snap or Reddit, mind you. Snap had settled before the... Read more ›
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This morning we published a list of 15 venture capital partners our sources tell us could be slated to become general partners, or the top decision makers at their firms. One thing that’s clear from the dozens of conversations I had to report on the list: Investors need to be more creative—and move faster—than ever to win deals. Take Yazan El-Baba, a partner at San Francisco-based VC firm Emergence Capital.... Read more ›
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David Sacks said he has stepped down as the Trump administration’s AI and crypto czar, confirming Thursday that he exhausted his 130-day limit as a special government employee. In an interview with Bloomberg Television, the venture capitalist, who took the role at the start of Trump’s second ... Read more ›
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Anthropic executives have discussed an initial public offering of the AI firm’s shares as soon as the fourth quarter this year, according to people familiar with the matter. Bankers vying to take Anthropic public expect the company to raise more than $60 billion in the initial public offering, said some of the people. That could be the second-biggest such deal after SpaceX, which is expected to raise as much as... Read more ›
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Elon Musk’s X laid off its chief marketing officer and more than 20 other staff in non-engineering roles in recent weeks, the Wall Street Journal reported. The company has also brought in Jon Shulkin, a longtime Musk investor and ally, to work as chief revenue officer as the site tries to cut ... Read more ›
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Meta Platforms is increasing its investment in an El Paso data center from $1.5 billion to $10 billion, the company revealed in a blog post. The company didn’t explain why the investment increased so much. Meta had announced the facility originally last October, when it said it had the “the ... Read more ›
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OpenAI has surpassed $100 million in annualized revenue from its ChatGPT ads business, six weeks after the pilot was announced, according to a spokesperson. That revenue has been generated from the less than 20% of U.S.-based ChatGPT Free and Go users who are shown ads on a daily basis today, ... Read more ›
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Aligned Data Centers, the developer being purchased by a consortium including BlackRock and Abu Dhabi’s MGX, raised $2.6 billion in debt to help it build more AI computing facilities in the U.S. Aligned said the lenders included “sophisticated insurance, pension fund and other institutional ... Read more ›
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Gadi Hutt, a director of product and customer engineering in Amazon’s server-chip design unit, Annapurna Labs, has left the company, according to two people with direct knowledge of the move. Hutt was an early employee at Annapurna Labs, the Israeli chip startup Amazon acquired in 2015 for $350 ... Read more ›
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28.04.2026 10:31
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