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SpaceX briefly passed Amazon to become the fifth-most valuable company in the world, and nearly eclipsed Microsoft, before the company’s shares pared back those gains before the market closed Tuesday. The newly public company’s stock had already climbed 20% on Monday — its first full day of trading. Tuesday’s news that SpaceX was acquiring AI…
Robinhood said it has seen “record-breaking” traffic on its trading platform Friday in the hours after SpaceX’s historic public markets debut. The company shared in a post on X that “some customers experienced latency and intermittent issues” with trading but that the platform quickly recovered. SpaceX’s shares started trading on the Nasdaq stock exchange at…
French AI lab Mistral AI is in early discussions to raise about €3 billion ($3.5 billion), Bloomberg reported Friday, citing anonymous sources. The funding round would value the company at around €20 billion (about $23.15 billion), nearly double the €11.7 billion valuation it received in a Series C funding round last September. One of Europe’s…
All eyes are on the SpaceX IPO — the world’s largest in history — and its CEO Elon Musk. But lest you forget, there is another publicly traded company in the Musk universe that many believe will someday merge with SpaceX. We’re talking about Tesla, which has a current market cap of about $1.52 trillion….
Google is suing to dismantle the infrastructure behind an alleged massive AI-powered cybercrime operation. On Friday, the tech giant announced a lawsuit against an alleged Chinese cybercrime network called Outsider Enterprise, which Google says uses AI in its campaigns to send scam text messages impersonating Google and other brands to steal passwords and credit card…
The notorious cybercrime group ShinyHunters claimed to have hacked Oracle PeopleSoft servers at more than 100 organizations, many of them universities, a ShinyHunters member told TechCrunch on Wednesday. The breaches were first reported by BleepingComputer. PeopleSoft is enterprise software designed to manage payroll, human resources, administration, and other business operations. The news shows that despite…
Anthropic has deployed around half-a-dozen engineers to the National Security Agency to help its spies use the company’s frontier cybersecurity AI model, Mythos, Financial Times reported, citing anonymous sources. The engineers are reportedly tasked with helping the intelligence agency use Mythos for certain applications, the report said. However, it’s unclear if the engineers or Mythos…
After a very profitable decade on Microsoft’s board, Reid Hoffman is stepping down, the company announced Thursday. Hoffman joined the board after Microsoft bought his company LinkedIn for $26.2 billion in 2016. Hoffman was on Microsoft’s board when it invested its first $1 billion into OpenAI in 2019. Hoffman was one of OpenAI’s original investors…
Groq is looking to raise $650 million in new funding from existing investors, sources tell Axios, as it leans into its inference neocloud business that relies on its homegrown AI chip and systems. In December, Groq struck one of those not-an-acquisition agreements with Nvidia for a reported $20 billion, which involved the departure of some…
American Airlines said Tuesday it plans to install Starlink on more than 500 narrow-body Airbus aircraft beginning early next year, the latest carrier to pick the SpaceX unit for inflight Wi-Fi service. The deal provides more than just financial lift for Starlink, the satellite communications network and the only SpaceX business unit that generates meaningful…