Elon Musk compared SpaceX to Union Pacific in a recent investor presentation, but the historical railroad company was heavily subsidized by taxpayers and embroiled in the Crédit Mobilier scandal, unde…
HPE's Spaceborne Computer 4, destined for a lunar lander as part of the Astrolab FLEX mission, will use a Kioxia BG-series M.2 SSD for storage to run LLMs on the moon. The compact, low-power system re…
Open source AI startup Reflection AI will pay SpaceX $150 million per month through 2029 for access to Nvidia GB300 chips at SpaceX's Colossus 2 data center, in a deal worth up to $6.3 billion. The ag…
SpaceX shares have plummeted from a post-IPO high of $225 to around $170, wiping out gains for investors who bought near the peak. The decline follows a merger with Musk's AI startup xAI, which added …
OpenAI and Anthropic are preparing to go public, potentially converting nearly $1 trillion in combined private valuations into stock-market windfalls for employees. Employees face timing, tax, and liq…
OpenAI and Anthropic employees are preparing for massive IPO windfalls as both AI labs file to go public with nearly $1 trillion in private valuations. Financial planners advise workers to understand …
South Korea's Financial Supervisory Service has launched a probe into Mirae Asset Securities and other firms over the controversial allocation of SpaceX IPO shares, after a 2.31 million share allocati…
SpaceX announced the acquisition of Anysphere, the company behind the AI coding tool Cursor, for $60 billion in stock, just days after its $75 billion IPO. The deal, expected to close in Q3 2026, give…
Yann LeCun called Elon Musk's xAI a failure and warned that frontier AI labs face a bubble burst due to unsustainable investor subsidies, citing xAI's $2.5 billion quarterly loss. LeCun, who left Meta…
OpenAI and Anthropic are preparing IPOs in the US amid record equity highs and strong demand for AI-linked listings, while Jio Platforms and the NSE face subdued investor appetite in India's less enth…
Cursor's Composer 2 coding model, used in the $60 billion SpaceX acquisition, was built on Moonshot AI's open-weight Kimi K2.5 checkpoint. This reveals that the core technology is an integration of op…
San Francisco's housing market is surging due to the AI boom, with median home prices topping $2 million and rents doubling since Covid. Real estate insiders attribute the spike to AI startups and tec…
OpenAI and Anthropic plan IPOs at valuations near $1 trillion, potentially exposing retirement accounts to AI stocks through index funds. Critics warn of risk from unprofitable companies spending bill…
A merger of SpaceX and Tesla could create a single entity rivaling Nvidia's market cap, potentially making Elon Musk controller of the world's most valuable listed firm.…
Sam Altman predicts AI will surpass human intelligence by 2030, while rivals like Anthropic CEO Dario Amodei and Elon Musk expect it even sooner. Altman says AI could handle 30-40% of economic tasks s…
South Korean retail investors have boosted their holdings of US stocks to nearly $200 billion, driven by demand for AI companies, but remain in early stages of overseas investing, according to Toss Se…
On June 21, GLM-5.2, an open-weight model with 40 billion active parameters, outperformed larger closed models on the Intelligence Index, signaling a collapse of the scale law. Concurrently, research …
Federal Reserve Chair Kevin Warsh acknowledged that companies are easily raising capital on financial markets amid a record stock and debt binge, even as he maintained that monetary policy is "somewha…
China plans to launch space-based AI data centers over the next five years, according to a five-year plan from China Aerospace Science and Technology Corporation (CASC). Elon Musk also announced at Da…
Donald Trump's investment portfolio includes an overlooked AI stock that could rival SpaceX, according to a new analysis. The stock, not named in the headline, is part of Trump's holdings and may offe…