JPMorgan Raises AI Infrastructure Spending Forecast to $5.5 Trillion
Tarek Hamid and his team of credit strategists at JPMorgan have been revising one forecast upward for seven months. On Wednesday, they did it again, lifting their estimate of what…
OpenAI Burned $3.7 Billion in the First Quarter
The documents OpenAI shared with its shareholders in recent weeks tell a story of growth and cash consumption moving in lockstep. In the first three months of the year, the…
SpaceX Overtakes Amazon Four Days After Its IPO
The market-capitalization table on the Nasdaq floor changed twice in the space of an afternoon. Around midday on Tuesday, June 16, SpaceX shares touched $225.64, briefly making the rocket company…
OpenAI’s 2025 Financials Show a Company Scaling Faster Than It Profits
The leaked financial document circulated through Silicon Valley on Tuesday like a piece of evidence. It showed OpenAI’s 2025 results in precise, unflattering detail: revenue of $13.07 billion and research…
DeepL Buys Mixhalo to Bring Translation Into Live Events
The scene is familiar to anyone who has attended a global conference: a speaker delivers a keynote in one language while a portion of the audience stares at phones, holding…
A SpaceX Engineer Turns Rocket Engines Into Power Plants
Spencer Jackson spent nearly seven years at SpaceX working on some of the most extreme machines ever built: the structures of the Falcon Heavy, the thermal seals that protect Starship…
Microsoft’s $3 Billion Oracle Cloud Talks Collapse Over Security Rules
The negotiations had been underway for months, and by most accounts they were close. Microsoft was discussing a deal worth more than $3 billion to lease cloud computing capacity from…
SpaceX to Buy AI Coding Startup Cursor for $60 Billion
The deal came together in weeks, and it moved the way SpaceX does: fast, in-house, and with the company’s own stock as the currency. SpaceX said Tuesday it agreed to…
DeepSeek Closes Record $7 Billion Round With Unusual Terms
The announcement had been expected for months; the terms had not. DeepSeek said Tuesday it has completed its first external funding round of more than $7 billion, roughly 50 billion…
SoftBank and OpenAI Take AI Security to Japanese Companies
Masayoshi Son has spent years telling investors that AI will change everything. On Tuesday his company began selling that argument to Japanese corporations, one vulnerability at a time. SoftBank Group,…
