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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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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Data center developer Switch is in talks to raise billions of dollars at a valuation of at least $50 billion, as it seeks to capitalize on soaring demand for the infrastructure needed to support artificial intelligence, according to people with knowledge of the deal. Brookfield Asset Management, KKR and other private equity and institutional investors have been in talks to invest in the round, people familiar with the matter said.... Read more ›
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Senior U.S. officials have held preliminary discussions with major artificial intelligence companies about the federal government possibly acquiring shares in their firms, the publication Notus reported, citing people familiar with the matter. The preliminary discussions have centered on having ... Read more ›
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Elon Musk and Sam Altman don’t often see eye to eye, as they made clear in their recent legal dispute. But when it comes to making outlandish projections about future growth, the two men seem to share a common philosophy.As we reported earlier on Thursday, SpaceX’s lead bank on its upcoming IPO, Goldman Sachs, has told investors it expects SpaceX’s revenue to hit $474 billion by 2030, from $18.7 billion... Read more ›
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For most of this decade, venture capital has morphed from a game of spotting the best young startups to making a more complex range of investments—from public stocks and cryptocurrencies to multibillion-dollar bets on older startups. General Catalyst even bought a hospital system!But industry stalwart Benchmark had held fast to a definition of VC that was more common when the firm was founded two decades ago. As Thrive, Andreessen Horowitz... Read more ›
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S&P Dow Jones Indices said Thursday it had decided against a proposed rule change that would have made it easier and faster for SpaceX to quickly join the S&P 500 and other indices after it goes public. The group’s index committee had been considering a series of changes that would have ... Read more ›
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Airbnb chief executive Brian Chesky is in early stage talks to fund a new AI lab, according to a person with knowledge of the discussions. The lab will aim to develop models with a possible design focus, according to a Bloomberg report. In recent months, Airbnb has made strides to become a more ... Read more ›
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Cybersecurity and data recovery firm Rubrik reported 39% higher revenue of $387 million for the April quarter, far exceeding what Rubrik had projected for the quarter. Rubrik, which in February released a new software tool to help companies manage intelligence agents, also upped its revenue ... Read more ›
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Microsoft CEO Satya Nadella on Thursday rebuked an internal memo that another company executive had written advocating to “make people addicted” to its new AI agent product called Scout. “This is absolutely a non goal! If anything we are doing the exact opposite. We want to make sure AI empowers ... Read more ›
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Cybersecurity stocks CrowdStrike and Palo Alto Networks have risen 50% or more this year based on the perception that an AI-driven increase in cyberthreats will make their services all the more important. Yet Rubrik, which also stands to benefit from that trend, is up only 1% so far this year. That lag likely results from investors’ narrow view of what constitutes a cybersecurity firm, and partly because its AI business... Read more ›
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SpaceX, planning the largest initial public offering of all time next week, will already need to raise more cash by next year if private forecasts from analysts at Goldman Sachs come to fruition. SpaceX’s lead bank on the IPO, in aggressive forecasts shared with prospective investors this week, expects the company to burn $120 billion this year and next year combined, and another $230 billion through 2030, as it significantly... Read more ›
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Tech firms ranging from Block to Meta Platforms have announced mass layoffs in the past year, frequently citing AI as allowing them to do more with less people. In a variation on that approach Snowflake says it used layoffs to force software engineers to use AI tools and become more productive.“At the time, my team hated me, but I thought it was a provocative way” to get them to use... Read more ›
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12.06.2026 03:12
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