Micron Joins $1 Trillion Club as Memory Prices Surge
A stock that many investors had written off as a cyclical also-ran has become one of the fastest ways to bet on the AI boom. Micron Technology shares jumped 18%…
At Cisco, AI Raises Output but Lowers Trust
A network engineer in one of Cisco Systems’ offices has a question about a routing protocol. Instead of walking to a colleague’s desk or pinging the team chat, she pastes…
7-Eleven Data Breach Exposes 185,000 Records
The most personal numbers a company can hold, names, birth dates, addresses, and Social Security numbers, were taken in a data breach at 7-Eleven, according to a report by TechCrunch.…
Dropbox’s Drew Houston Hands Over the CEO Role
In 2007, Drew Houston forgot a USB drive on a bus from Boston to New York, and the annoyance became a company. The frustration of carrying files on physical media…
Anthropic Nears a $900 Billion Valuation, Topping OpenAI
Dario Amodei has spent five years telling investors that Anthropic would eventually be worth more than the company he left. This month, that claim is on the verge of coming…
xAI’s $6 Billion Raise: Musk’s AI Lab Valued at $40 Billion
Elon Musk’s artificial-intelligence company has a new price tag. xAI said it closed a $6 billion Series C round that values the firm at $40 billion, with Fidelity and Valor…
Starship’s Fuel Handoff: SpaceX Masters In-Orbit Propellant Transfer
Two Starship vehicles met in orbit this week and did something no pair of spacecraft had done before at this scale: one passed roughly 100 metric tons of supercooled liquid…
Anthropic Nears a $30 Billion Raise, Closing In on OpenAI’s Valuation
For the first time, corporate spending on Claude has edged past spending on ChatGPT, according to data that investors have been passing around this month. Ramp’s April AI Index, a…
SpaceX’s IPO Filing Reveals a $45 Billion Customer: Anthropic
Buried in the fine print of SpaceX’s registration statement, filed with the Securities and Exchange Commission on May 20, was a number larger than the company’s entire annual revenue. Anthropic,…
OpenAI Moves Toward an IPO, Filing Expected Within Weeks
The statement from OpenAI was brief and, for a company whose every move is parsed, carefully noncommittal: the company regularly evaluates a range of strategic options, and its focus remains…
