Nvidia and SK Hynix have signed a multiyear deal to work together on advanced memory chips, as AI demand strains global memory supply. The agreement covers chip design and manufacturing, and includes memory for Nvidia’s Vera Rubin platform, its next major AI system. The deal, announced during ... Read more ›
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This promises to be an action-packed week. On Monday, Apple kicks off its annual Worldwide Developers Conference, or WWDC for short, where the tech giant is expected to unveil a new operating system for its mobile devices, complete with more advanced AI features. And then later in the week, SpaceX is scheduled to go public.Rather than add to the acres of text and video already expended on the Elon Musk... Read more ›
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Revolut, a London-based financial app, is aiming to sell at least $750 million worth of shares in a secondary sale set to kick off next week, with the total potentially pushing far higher amid early signs of strong investor demand, according to a person with knowledge of the discussions. There is already enough investment interest to increase the size of the offering to $2 billion, the person said, though the... Read more ›
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Sriram Krishnan, a top AI policy advisor in the Trump administration, is leaving the White House, The Information reported on Saturday. Krishnan later confirmed his decision in a post on X. Krishnan is planning to start a policy institute that will support the administration’s AI plans, ... Read more ›
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Anthropic’s filing of its initial public offering paperwork last week means the maker of Claude Code has pulled slightly ahead of OpenAI as the two go head-to-head with their planned IPOs. While bankers and lawyers say there are good reasons for a company to beat its rival to the public markets, especially if it fears its rival’s offering will outshine it, that won’t necessarily help the stock outperform, a review... Read more ›
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Sriram Krishnan, a top AI policy advisor in the Trump administration, plans to leave his position at the end of June, according to a person with direct knowledge of the move and a statement viewed by The Information. Krishnan has discussed starting a policy institution following his time in the White House, according to two people familiar with the matter. It will be staffed with engineers that will support the... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: The quiet VIP of SpaceX’s wild IPO• SpaceX millionaires mull IPO windfalls: a house, a college fund—or ‘chill on a beach’?• SpaceX mafia see IPO as liftoff opportunity for their startups too • Plus, Recommendations—our weekly pop culture picks: “Where the River Took Us,” “Villa Coco” and “Star City” Just by definition, the largest IPO in history is a singular matter. But... Read more ›
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SpaceX’s expected IPO next week will mean a banner day for many of Silicon Valley’s biggest names. But given the offering’s stratospheric size—it’s the largest ever stock market debut—it will also create life-altering wealth for a cast of lower-profile overnight billionaires, centimillionaires and millionaires. In some cases, those people never expected such a windfall. Jeremy Hollman, SpaceX employee No. 11, recalled often wondering whether the value in the shares he... Read more ›
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SpaceX’s offices in Texas and California may host the most raucous celebrations when the company’s shares start trading this coming Friday—but an extensive network of companies founded by SpaceX alums will also be popping bottles of bubbly. Read more ›
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Speaking with reporters on Friday, President Donald Trump said that he plans to meet with AI companies in the near future to discuss financial “partnerships,” though he did not share further details on what the deals would look like. The remarks come after a Thursday report from NOTUS that ... Read more ›
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Semiconductor stocks sold off on Friday after going on a historic tear over the last several weeks, partly in response to May’s excellent jobs report that fueled speculation about an interest rate hike. Chip maker Marvell fell 17% while memory maker Micron and chip design firm Arm each fell 13%. ... Read more ›
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Big banks including JPMorgan, Bank of America, and Citi are planning to participate in a new settlement network to be launched next year, which will allow banks to move money on the blockchain between each other. The network, to be launched by The Clearing House, which is owned by a bank ... Read more ›
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Google has agreed to pay $920 million a month to purchase compute capacity from SpaceX, SpaceX said in a filing. The deal will run from October 2026 through June 2029, and Google will be able to access approximately 110,000 Nvidia GPUs, CPUs and related components, according to the filing. ... Read more ›
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Over the last few months, SpaceX’s chief financial officer, Bret Johnsen, has been trying to pull off an intense two-part challenge: Fold xAI into SpaceX—the biggest merger ever—and then take the combined company public at $75 billion in the largest IPO ever. Johnsen, 57, has gotten it done by keeping his customary cool. Inside SpaceX, colleagues say he’s less prone to getting worked up than other executives like CEO Elon... Read more ›
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Trust is a requirement for the success of AI, an operating condition that enables speed, scale and autonomy. When implementing AI technology, enterprises need to move at the speed of trust. Go faster, and unforeseen risks proliferate; go slower, and you fall behind your competitors. Most executives are aware that trust is key to the success of AI, but less than half of companies can effectively support trustworthy AI, reveals... Read more ›
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Tesla is pushing a planned public demo for its long-awaited next generation Roadster to August or later, four people with knowledge of the program said, marking the latest delay for the unveiling of the company’s first vehicle debut since its Cybercab nearly two years ago. Tesla CEO Elon Musk ... Read more ›
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LinkedIn cofounder and investor Reid Hoffman will leave his seat on Microsoft’s board of directors at the end of this year, Microsoft said in a filing Friday. Hoffman has served as a Microsoft director since 2017, when Microsoft acquired LinkedIn. Since then he’s been a pivotal advisor to CEO ... Read more ›
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SpaceX’s AI lab has had a chaotic year so far, churning through leaders and staff before bringing in outside help in an effort to catch up to Anthropic in coding. What isn’t widely known, however, is that xAI has played a long-running cat-and-mouse game with Anthropic as it has sought to tap into that lab’s technology to develop its own offerings—even after Anthropic cut off access, six people involved with... Read more ›
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Nvidia CEO Jensen Huang is making his second trip to South Korea in seven months, underscoring the country’s growing importance to the AI chip giant, according to Reuters. Demand for AI systems has strained supply of the chips and memory needed to build them, making South Korea a more important ... Read more ›
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Data center developer Switch is in talks to raise billions of dollars at a valuation of at least $50 billion, a level that would make it one of the most valuable privately held data center operators, The Information reported late Thursday. Brookfield Asset Management, KKR and other private ... Read more ›
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27.07.2026 18:59
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