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Americans’ financial futures are about to tied to the fortunes of Elon Musk with the world’s largest ever stock market debut. How do you feel about this?Elon Musk’s SpaceX made the world’s largest ever stock market debut on Friday at a valuation of $1.77tn. It was also set to turn Musk into the world’s first-ever […]
They’re about to get more AI rammed down their throats, stuck into their pension plans and investment portfoliosAmericans are growing worried about what artificial intelligence portends for their futures. Eight in 10 Americans report concern over AI, compared with a third who report being excited, according to a recent Quinnipiac poll. More than half think
After SpaceX’s huge IPO, Americans’ financial future will be bound to AI Read More »
IPO for Elon Musk’s company comes in what is predicted to be a banner year for public offerings of AI companiesSpaceX will become publicly traded on Friday after nearly two and a half decades as a private company. Executives are slated to ring the bell on Wall Street with the rocket ship maker’s historic stock
SpaceX to list on US stock market at historic $1.77tn valuation Read More »
Former xAI engineer Devin Kim alleges he was illegally fired for trying to implement safety mechanisms for the chatbotA former engineer at Elon Musk’s xAI who now heads a thinktank focused on AI safety filed a lawsuit claiming he was fired from the SpaceX subsidiary for raising concerns about the risks artificial intelligence poses to
Musk’s xAI fired engineer for raising concerns about Grok chatbot, lawsuit claims Read More »
SpaceX has requested unusually swift entry into several leading stock market indexes as a condition of its historic stock market debut. But the S&P 500 stock market index representing many of the largest profitable US companies has surprised market analysts by refusing to bend the rules for Elon Musk’s space and AI company. The June
S&P 500 blocks fast SpaceX entry, won’t waive rule for unprofitable AI firms Read More »
Investors will buy into the market-leading tech and cult of Musk despite a price that is defying gravity“Our mission,” says the opening sentence of SpaceX’s listing document with a straight face, “is to build the systems and technologies necessary to make life multi-planetary, to understand the true nature of the universe, and to extend the
On Monday, SpaceX amended its initial public offering to state that water conditions—including water scarcity, regulations around water, and drought—could constrain data center development. It isn’t the only tech company trying to assess how water scarcity might impact its business. Water use is emerging as one of the most contentious data center issues. A recent
How some data center operators are tackling their water use problems Read More »
IPO could raise up to $75bn, giving SpaceX market value of $1.77tn as it sets up Musk for extraordinary wealthSpace X is seeking to raise about $75bn (£55bn) through its imminent stock market listing, , the company has said, which would make it the largest initial public offering ever.If the stock market launch – primed
With rivals racing to market to raise ‘eye-popping sums’, the spotlight is now on the AI sector’s one-time ‘poster child’A year is a long time in AI. Just 12 months ago, Sam Altman was predicting his company OpenAI would build a super intelligence and fundamentally remake society. Now the boss of the ChatGPT developer is
As the tech mega-IPO race hots up, has OpenAI missed its moment? Read More »
Financial stakes of AI race rise as Elon Musk’s SpaceX, OpenAI and Anthropic are slated to go public this yearAnthropic has filed confidentially for an initial public offering on the US stock market, the company announced Monday. The AI firm makes the Claude chatbot, popular with software engineers and other business clients, and has seen
Anthropic confidentially files for initial public offering on US stock market Read More »
