Chinese robot maker Agibot said on Monday that the number of humanoids it has manufactured just reached 10,000, as the Shanghai-based startup accelerates the expansion of its output. The new milestone comes just three months after the company announced the rollout of its 5,000th unit in ... Read more ›
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Break out the oxygen masks. The number of breathless headlines is about to soar. SpaceX is expected to file its initial IPO paperwork with the Securities and Exchange Commission any day now. It will be the confidential version, so we won’t get to see it. But what is usually a procedural nonevent for the public has turned into a carnival thanks to the sky-high numbers bankers are throwing around regarding... Read more ›
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Even as competition has intensified in recent years, Midjourney’s revenue “significantly surpassed” $200 million in 2023, and it has increased since then, said CEO David Holz. The startup is profitable, Holz said. But his attempts to build an array of hardware projects may force him to finally ... Read more ›
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Washington state Attorney General Nick Brown sued Kalshi on Friday, accusing the prediction market startup of being an illegal gambling outfit, the latest legal salvo issued against the company. Weeks earlier, Arizona mounted its own legal challenge against Kalshi, and the startup has been hit ... Read more ›
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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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06.05.2026 07:39
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