Ex-xAI Engineer Sues, Claiming He Was Fired Over Grok Safety Warnings
The lawsuit landed in California state court the same morning SpaceX set the price for its initial public offering, a timing choice that was deliberate, according to a person familiar…
OpenAI Weighs Deep Cuts to Token Prices as AI Price War Spreads
Inside OpenAI, the pricing spreadsheet has become a subject of near-daily debate. Executives are weighing steep cuts to the price of tokens, the units of text the company’s models process,…
SpaceX Prices IPO at $135 a Share, Raising About $75 Billion
Late Wednesday, the order book for SpaceX’s initial public offering had swelled past $250 billion, roughly three times the shares on offer. The company priced the deal at $135 a…
Lenovo to Raise Prices 15% as Memory Costs Surge
HONG KONG—The notice went out to Lenovo’s channel partners this week: from July, prices across the company’s product line would rise by about 15%, a jump the PC maker blamed…
Tencent Sells $4.5 Billion of Bonds as It Buys Back Shares
HONG KONG—The announcement hit the exchange before the market opened: Tencent Holdings had priced $2.45 billion of dollar notes and 15 billion yuan of renminbi notes, roughly $4.5 billion in…
DeepSeek Plans Gigawatt-Scale Data Centers of Its Own
HANGZHOU, China—The job posting appeared on DeepSeek’s careers page on a Tuesday with a title the company had never used before: IDC design and planning engineer. The description said the…
SK Hynix Targets U.S. Listing, Putting HBM Story to Wall Street Test
SEOUL—The world’s largest maker of high-bandwidth memory has traded in Seoul for decades. By August, its shares could also trade on the Nasdaq, a move that would give American investors…
Meta Leases First India Data Center From Reliance
JAMNAGAR, India—The city better known for the world’s largest oil refinery complex is about to become part of the AI supply chain. Meta Platforms said June 10 it will lease…
SpaceX Prepares for Record Debut as Warren Urges SEC Delay
NEW YORK—The price is $135 a share, fixed, take it or leave it. The ticker is SPCX. And the order book, according to people familiar with the matter, has already…
TSMC’s May Sales Rise 30% as AI Demand Holds
HSINCHU, Taiwan—The monthly revenue sheet Taiwan Semiconductor Manufacturing Co. released Wednesday morning carried the number the market had been waiting for: May revenue of NT$416.98 billion, or about $13.2 billion,…
