The SpaceX IPO Left Some Investors Waiting in the Dark
On the morning of June 12, as SpaceX shares opened 29% above their offer price on Nasdaq, an investor who had wired money into a SpaceX special purpose vehicle in…
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…
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,…
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…
Nvidia’s Robot Blueprint Puts a Chinese Chassis at the Center
Nvidia’s vision for humanoid robots now has a blueprint. The company this week released Isaac GR00T, its first open-source reference design for a humanoid robot, a specification sheet and software…
Intel Wins Google’s TPU Business in a Foundry Breakthrough
Google has ordered more than three million of its custom TPU AI chips from Intel’s foundry, with production scheduled for 2028, according to people familiar with the agreement. The order…
Amazon and Nvidia Put $1.4 Billion Into German Robot Maker Neura
Neura Robotics, a German company founded in 2019 by engineer David Reger, has closed a $1.4 billion Series C round with Amazon and Nvidia among the investors, according to people…
TSMC Flags Higher Prices as AI Demand Strains Its Lines
Taiwan Semiconductor Manufacturing Co., the world’s largest contract chip maker, is signaling that its customers should expect to pay more. Chief Financial Officer Wendell Huang said inflation has pushed up…
Warner Music Buys an AI-Tracing Startup to Track Its Catalog
Warner Music Group said Tuesday it has acquired Sureel AI, a company whose technology builds a unique “AI-DNA” signature for each piece of music and tracks how AI models use…
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,…
