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Tesla and SpaceX are discussing a possible merger, Musk says

Tesla and SpaceX have formed special committees to discuss a possible merger, Elon Musk said during the latter’s third quarter earnings call Tuesday. Musk, who serves as CEO of both companies, said the special committees have not reached agreement on the terms of any transaction – and that there’s no guarantee that they will. That […]

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FTC clears Publicis’ $2.2bn LiveRamp deal if rivals keep equal access

The US Federal Trade Commission will let Publicis Groupe buy LiveRamp for $2.2bn, but only if the data company keeps serving the agency’s rivals on equal terms. The proposed consent order, announced on Monday, binds both companies for five years. Publicis must give every LiveRamp customer “non-discriminatory access and support on fair and reasonable terms”. […]

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Meta details Prometheus, the Ohio supercluster heading for 1 million GPUs

Meta’s Prometheus supercluster in New Albany, Ohio, already runs hundreds of thousands of Nvidia GPUs across several buildings, and Meta plans to grow it to about 1 million. The company set out the details in an engineering blog post on Monday. The first phase of the gigawatt-scale cluster is finished. Meta used it to train […]

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SpaceX will try catching Starship and its booster for first time, Musk says

SpaceX CEO Elon Musk said the company would attempt to catch Starship and its booster next month, with the goal of recovering the entire orbital launch system for the first time. If successful, Musk said, the attempt would mark the first time in history an orbital launch vehicle has been fully recovered. “This is a […]

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Ex-OpenAI research chief Bob McGrew’s Arda raises $232M for US factories

Arda Industries, founded by OpenAI’s former research chief Bob McGrew, has come out of stealth with $232 million in funding, the company announced on Tuesday. Its AI software turns new product designs into working assembly lines. The total includes a $160 million Series A at a $1.5 billion valuation, co-led by Altimeter, Accel and Khosla […]

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Netflix is telling investors not to worry, even though you’re watching less and less

Netflix is making monetization a top priority amid reports of falling viewing time. As part of its third-quarter earnings report on Tuesday, Netflix lists improvements to monetization as one of its main focuses going forward, alongside efforts to boost entertainment value and leverage new technology. The streaming giant doesn’t say exactly how it plans to […]

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SpaceX’s AI business is beating expectations

SpaceX’s data centers and Grok agents have been more profitable than investors expected in second quarter of the year, as the company leaves its roots as a space company behind to focus on artificial intelligence, which now makes up 52% of its income. Elon Musk’s deep conglomerate reported on Tuesday $14.6 billion in third-quarter revenue. […]

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