BlackRock has discussed investing $5 billion to $10 billion in SpaceX’s initial public offering next month, people familiar with the matter said. The massive order, for an offering that could raise as much as $75 billion, would represent a vote of confidence in Elon Musk’s company from the world’s largest asset manager. The investment would highlight the close relationship between Musk and BlackRock CEO Larry Fink, both of whom traveled... Read more ›
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OpenAI bought Weights.GG, a small startup that made an AI voice-cloning tool called Replay, in January, according to a person familiar with the acquisition. A half dozen employees joined OpenAI, which bought the startup’s intellectual property but does not plan to integrate the startup’s ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Why Trump officials and VCs love a nuclear power startup’s brute-force approach• Biotech: The case of the disappearing embryo startups • Plus, Recommendations—our weekly pop culture picks: “Are We Doomed?” “Steve Jobs in Exile” and “Lord of the Flies” The legal slugfest between Elon Musk and Sam Altman enraptured Silicon Valley this week. On Thursday, I attended another gladiatorial spectacle: MMA-style fights... Read more ›
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Two companies aiming to make better babies by tweaking the DNA of embryos were invited to talk about the future of the technology at SynBioBeta, a major gathering of the biotech world scheduled for earlier this month in San Jose, Calif. As the discussion’s moderator, I felt eager to hear more from them about their science and how they might commercialize it. The only problem: By the time the conference... Read more ›
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SpaceX plans to list on the Nasdaq stock exchange as soon as June 12, Reuters reported on Friday. That would represent a slightly accelerated schedule for the space and AI company’s IPO, which had previously been slated for later in June. SpaceX also plans to make its IPO prospectus public as ... Read more ›
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OpenAI is combining teams working on ChatGPT, its Codex coding product and its API into one organization, pressing ahead on its more streamlined strategy despite the prolonged medical leave of top executive Fidji Simo. OpenAI president Greg Brockman will lead the new product strategy, with ... Read more ›
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President Trump traded millions of dollars worth of technology stocks since the start of 2026, new disclosures released on Thursday show. In a report filed with the U.S. Office of Government Ethics, Trump revealed that he bought and sold shares of companies including Nvidia, Palantir and Oracle. ... Read more ›
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Bill Ackman’s Pershing Square has bought a stake in Microsoft, Ackman said in a post on X Friday, arguing that the company’s nearly 15% share slide so far this year has been driven by investors who “underestimate the resilience” of its Office 365 software and growth of its newer Copilot AI ... Read more ›
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On a cloudy day in late March, Isaiah Taylor, the 27-year-old founder and chief executive of Valar Atomics, a Hawthorne, Calif.–based nuclear energy startup, led me into a large black tent at the Utah San Rafael Energy Lab in the middle of the Utah desert. Dozens of construction workers and beeping forklifts buzzed around the nearly 40-foot-tall reactor rising from the center of the tent, with an enormous American flag... Read more ›
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Anothropic published a new paper on Friday that calls for the U.S. to make sure China’s access to advanced chips is restricted, in the same week when President Donald Trump is in Beijing on a high-stakes state visit to China. In the paper, entitled “2028: Two Scenarios for Global AI Leadership,” ... Read more ›
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U.S. Trade Representative Jamieson Greer said in an interview with Bloomberg TV on Friday that U.S. chip export controls were “not a major topic of discussion” at the bilateral meeting between U.S. President Donald Trump and Chinese President Xi Jinping “We did not talk about chip export ... Read more ›
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Brent Mayo, head of data center capital markets at advisory firm Newmark, has left the firm and told people he is joining investment firm DigitalBridge, according to two people with knowledge of the move. At Newmark, which specialized in commercial real estate, Mayo was a part of its digital ... Read more ›
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Dragoneer, Greenoaks, Sequoia Capital and Altimeter Capital have agreed to co-lead a $30 billion round of funding into Anthropic at a $900 billion valuation before the money, according to a person with knowledge of the discussions. The investment nearly triples its last valuation of $350 billion ... Read more ›
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Lawyers for Elon Musk, OpenAI and Microsoft delivered closing statements Thursday in their courtroom battle, setting the stage for jury deliberations next week. A lawyer for Musk argued that it was OpenAI’s 2023 deal with Microsoft that violated OpenAI’s charitable mission, in part by taking on ... Read more ›
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This was quite the day. OpenAI is jumping up and down about its unhappiness with Apple (it’s doubtful Tim Cook is shaking in his boots). Big telecom threw down the gauntlet to Elon Musk and Amazon (not that they should worry). We get to both news items lower down. But first…the AI trade on Wall Street is booming, as demonstrated by today's public debut of AI chip design upstart Cerebras... Read more ›
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Earlier this morning we published exclusive returns on some of the biggest investors in AI chip designer Cerebras, whose shares surged in their first day of trading. The offering represents welcome cash for investors after they’ve seen initial public offerings get delayed year after year. Tiger Global Management, for instance, bought shares in September 2025 and earlier this year, when it led a $1 billion investment priced at $89 a... Read more ›
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Steve Fisher, president and chief product officer at Salesforce, has stepped down and moved into an advisory role at the company, he announced on LinkedIn. Fisher, one of Salesforce’s longest-tenured technical executives, reported to Salesforce CEO Marc Benioff, his former high school classmate. ... Read more ›
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Joshua Kushner’s investment firm Thrive Capital has bought roughly $100 million in Shopify shares, Bloomberg reported Thursday, framing the move as a bet on how AI will lead to gains in e-commerce. While Thrive is best known for its startup investments, it has also previously made bets on other ... Read more ›
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Figma stock rose more than 8% in after hours trading as the design-software firm reported accelerating revenue growth for the first quarter. Revenue for the three months that ended March 31 rose 46% to $333 million, higher than the 40% jump in the previous quarter and the 38% increase in the ... Read more ›
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Carmine Di Sibio, the former CEO of consulting firm EY, is joining Microsoft as a new board director, Microsoft announced Thursday. Di Sibio’s appointment expands Microsoft’s board to 13 members, the company said. Di Sibio previously spent more than 24 years at EY, ultimately serving as its CEO ... Read more ›
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28.07.2026 04:37
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