Nvidia led an $800 million investment in Reflection AI, a startup founded in March 2024 by former DeepMind researchers Misha Laskin and Ioannis Antonoglou, which has raised $2 billion at an $8 billion…
XAI, Elon Musk's AI company now owned by SpaceX, sued Minnesota's attorney general on Monday to strike down the first U.S. law banning 'nudification' technology, arguing the First Amendment protects t…
The Trump administration exempted data-center power plants from the Clean Air Act's Acid Rain Program and proposed waiving environmental reviews for commercial rocket launches, citing national competi…
The AI coding market is shifting from model competition to the 'harness' layer, the software that routes coding tasks to models, as enterprises push back on price hikes from tools like Cursor. Cursor,…
Compute costs could rise 10x or more in coming years, according to an analysis of AI lab economics. If a human-level software engineer could run on an H100 equivalent, that GPU should rent for over $2…
The cost of protecting tech firms' debt against default is surging as Wall Street picks winners and losers in the AI race, with Oracle Corp.'s credit-default swaps reaching a multi-year high of 215 ba…
XAI, now part of SpaceX, is suing Minnesota over a first-of-its-kind law banning nudification apps that takes effect August 1, arguing the law imposes an overbroad content-based ban on free speech and…
Moonshot AI, the Beijing-based lab behind the Kimi K3 model, closed a funding round at a $31.5 billion valuation in late July and is already negotiating a raise at up to $50 billion ahead of a planned…
Cursor cut its India AI coding plan to $7 a month (₹649), the first time it has localized pricing anywhere, using its own models to keep the plan sustainable rather than a loss leader. The startup lau…
Space-based data centers face insurmountable physics challenges that make them impractical, according to an analysis of companies like Starcloud, Axiom, Sophia Space, Google Project Suncatcher, and Sp…
Alphabet Inc. raised its capital expenditure forecast to as much as $205 billion, up from a prior projection of $190 billion, signaling that AI infrastructure costs are rising faster than expected and…
The Nasdaq 100 entered correction territory on July 28, falling more than 10% from its recent peak amid a semiconductor selloff driven by AI spending fears. JPMorgan projects hyperscalers will spend n…
US Treasury Secretary Scott Bessent echoed Elon Musk's claim that artificial intelligence will eliminate the need for retirement savings within 10 to 20 years, agreeing with Musk's vision of AI-driven…
The Pentagon is planning to build commercial hyperscale AI data centers on military bases, inviting private companies to operate facilities on government land under public-private partnerships. SpaceX…
Treasury Secretary Scott Bessent echoed Elon Musk's claim that Americans will not need to save for retirement because of an abundance of artificial intelligence, telling Fox News on Monday that Musk i…
SpaceX's valuation does not reflect an AI premium despite the company's advanced use of machine learning for predictive maintenance, Starlink routing, and autonomous navigation, according to a technic…
SpaceX's stock has been falling since its IPO, and investor Larry Salibra argues the company is not a good business at its current valuation, citing expected losses from moon and Mars missions, compet…
A fierce debate over open-source artificial intelligence is splitting Silicon Valley, ignited by the release of China's Kimi K3 model that rivals top U.S. systems. Nvidia CEO Jensen Huang endorsed an …
SpaceX stock has fallen nearly 50% from its post-IPO peak of $225.64 to about $113, and Morgan Stanley analyst Adam Jonas estimates the core Starlink and launch business is worth about $136 per share,…
Fitch Ratings warns that an AI market correction is now a major global credit risk, citing the entanglement of AI investment with equity markets, corporate bond issuance, and economic growth. The agen…