SpaceX acquires xAI; sources say the all-stock deal values the combined company at $1.25T, with SpaceX valued at $1T and xAI at $250B; xAI burns ~$1B per month
Elon Musk's SpaceX has acquired xAI, in a deal that encompasses the billionaire's increasingly costly ambitions to dominate artificial intelligence and space exploration.
Sources: SpaceX is in advanced talks to combine with xAI and they have informed some of their investors, as Elon Musk moves quickly to consolidate his empire
SpaceX is in advanced talks to combine with xAI, according to people familiar with the matter, as billionaire Elon Musk moves quickly to consolidate his empire.
Sources: OpenAI is laying the groundwork for an IPO in Q4 2026, and its executives have privately expressed concerns about Anthropic beating OpenAI to an IPO
Rivals are competing to be the first major generative AI startup to tap the public markets — OpenAI is laying the groundwork …
A look at iRobot, founded in 1990, and its slow collapse after US and EU regulatory pressure killed Amazon's $1.7B deal in 2024 amid growing Chinese competition
There's something painfully American about the arc of iRobot, the company that taught your vacuum to navigate around the furniture.
iRobot files for Chapter 11 bankruptcy and reaches a restructuring agreement to hand over control to its secured lender and main Chinese supplier Shenzhen Picea
iRobot Corp., the company that revolutionized robot vacuum cleaners in the early 2000s with its Roomba model …
Q&A with Sam Altman and Satya Nadella about the Microsoft-OpenAI partnership, OpenAI's restructuring and $100B revenue target for 2027, $3T AI buildout, more
BG2. All things AI w @sama & @satyanadella. A Halloween Special. 🎃🔥@bg2pod @altcap — (00:00) Intro (02:28) Microsoft's Investment in OpenAI (03:19) The Nonprofit Structure and Its ...
Q&A with Sam Altman and Satya Nadella about the Microsoft-OpenAI partnership, OpenAI's restructuring and $100B revenue target for 2027, $3T AI buildout, more
BG2. All things AI w @sama & @satyanadella. A Halloween Special. 🎃🔥@bg2pod @altcap — (00:00) Intro (02:28) Microsoft's Investment in OpenAI (03:19) The Nonprofit Structure and Its ...
In a video, Mark Zuckerberg shares his thoughts on the Vision Pro, saying Quest 3 “is the better product, period”, highlighting Apple's tradeoffs, and more
closed won mobile but open won PC, and i believe open will win the next” is not only brilliant but even more bullish for crypto than VR Tobi Lutke / @tobi : Great message, lots of ...
In a video, Mark Zuckerberg shares his thoughts on the Vision Pro, saying Quest 3 “is the better product, period”, highlighting Apple's tradeoffs, and more
Now that it can be strapped to our faces and worn in strange places, opinions about Apple's Vision Pro are flying left and right.
The US National Music Publishers' Association sues Twitter, alleging the company violates the copyright of songwriters by using ~1,700 songs without permission
Lucas Shaw / Bloomberg :
Snap reports Q1 revenue down 7% to $989M, vs. $1.01B est., global DAUs up 15% YoY to 383M, vs. 384M est., and a $329M net loss, vs. $360M YoY; SNAP drops 15%+
- Snap came in light on revenue and ARPU in its first-quarter earnings report. — The company said its “internal forecast” …
As SVB collapsed, prominent investors, internet provocateurs, and others helped fuel concerns over the US banking system, creating a “Twitter-fueled bank run”
Rapid spread of concerns prompts lawmaker to call it ‘Twitter-fueled bank run’ — The Collapse of Silicon Valley Bank: What You Need to Know
Interviews with 20 people detail the Biden admin's response to SVB's and Signature's collapse, as tech executives and investors lobbied to protect all deposits
It seemed like a simple question: Did the treasury secretary have any concerns about the economic risks posed by Silicon Valley Bank?
FTX identifies ~$5.5B in “liquid” assets for recovery, including $415M in “unauthorized third-party transfers” possibly tied to a hack found after its collapse
- FTX has identified about $5.5 billion worth of digital assets for recovery, a number that includes $415 million in “hacked crypto.”
FTX identifies ~$5.5B in “liquid” assets for recovery, including $415M in “unauthorized third-party transfers” possibly tied to a hack found after its collapse
- FTX has identified about $5.5 billion worth of digital assets for recovery, a number that includes $415 million in “hacked crypto.”
Sam Bankman-Fried publishes a Substack post offering his account of how FTX collapsed, sticking to his claims of innocence even after ex-executives pled guilty
think there shouldn't be a paying option anymore... Dave Weisberger / @daveweisberger1 : https://www.wsj.com/... It is tiresome to read SBF's half truths. 1/ His claims about Binan...
Sam Bankman-Fried publishes a Substack post offering his account of how FTX collapsed, sticking to his claims of innocence even after ex-executives pled guilty
think there shouldn't be a paying option anymore... Dave Weisberger / @daveweisberger1 : https://www.wsj.com/... It is tiresome to read SBF's half truths. 1/ His claims about Binan...
Sam Bankman-Fried publishes a Substack post offering his account of how FTX collapsed, sticking to his claims of innocence even after ex-executives pled guilty
think there shouldn't be a paying option anymore... Dave Weisberger / @daveweisberger1 : https://www.wsj.com/... It is tiresome to read SBF's half truths. 1/ His claims about Binan...
Sam Bankman-Fried publishes a Substack post offering his account of how FTX collapsed, sticking to his claims of innocence even after ex-executives pled guilty
think there shouldn't be a paying option anymore... Dave Weisberger / @daveweisberger1 : https://www.wsj.com/... It is tiresome to read SBF's half truths. 1/ His claims about Binan...
Sam Bankman-Fried publishes a Substack post offering his account of how FTX collapsed, sticking to his claims of innocence even after ex-executives pled guilty
think there shouldn't be a paying option anymore... Dave Weisberger / @daveweisberger1 : https://www.wsj.com/... It is tiresome to read SBF's half truths. 1/ His claims about Binan...