SpaceX Denies Building an AI Phone, and Qualcomm Shares Feel the Whiplash
The report appeared on Tuesday, and within hours it was moving markets: SpaceX, preparing for its new life as a public company, had reportedly shown some investors a prototype of…
Meta Prepares to Sell Excess AI Computing Power to Outside Customers
The plan, according to people familiar with it, has been taking shape inside Meta for months: sell access to the company’s AI computing capacity and models to external customers, entering…
Tesla Delivers 480,126 Vehicles in Second Quarter, Beating Estimates on Europe Demand
The number, released before the market opened on Thursday, was better than almost anyone expected: Tesla delivered 480,126 electric vehicles in the second quarter, comfortably beating the 406,024 that Wall…
Asia’s Chip Stocks Sink as KOSPI Falls Nearly 8% in Broad AI Selloff
The selling began in Seoul and spread across the region: by the close of trading on Thursday, South Korea’s KOSPI had fallen nearly 8%, its worst single-day loss in years,…
SpaceX Gets Its First Analyst Report, Putting a $2.2 Trillion Valuation to the Test
The report, published this week by Bloomberg, is the first formal analyst coverage SpaceX has received since its record-breaking initial public offering, and it is an attempt to do something…
AWS Raises GPU Instance Prices 20%, Passing AI Compute Costs to Customers
The price change took effect on July 1, and it was the first of its kind in the cloud industry: Amazon Web Services raised the prices of its GPU instances…
A Tiny Nasdaq Company Reveals $386 Million in OpenAI and Crypto Holdings
The disclosure, filed this week, is the kind that makes analysts do a double take: Eightco Holdings, a micro-cap company listed on Nasdaq under the ticker ORBS, reported an asset…
Together AI Raises $800 Million, Doubling Valuation to $8.3 Billion
The round, announced this week, is one of the largest in the AI infrastructure sector this year: Together AI has raised $800 million in Series E financing, lifting its valuation…
Tesla’s Q2 Delivery Report Looms After Shares Rally Above $420
The numbers will be released after the market closes on Thursday, and Tesla’s investors have already voted with their money. The company’s shares have risen more than 10 percent this…
Prime Day Opens Strong as Amazon Tests Drone Deliveries to Balconies
The first hours of Amazon’s Prime Day brought the kind of numbers the company’s retail business has been waiting for. Sales on the first day of the annual shopping event…
