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SpaceX reportedly in talks to borrow $40B to buy Nvidia AI chips

SpaceX is in talks to borrow $40bn to buy AI chips from Nvidia, the Financial Times reported on Tuesday. Today, Bloomberg reported that the talks are underway, citing people familiar with the matter. Both reports rely on unnamed sources, and none of the companies involved has publicly confirmed the plan. According to the FT, the package […]

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Intel will stay on Musk’s Terafab chip project, CEO tells Bloomberg

Intel will keep working with Elon Musk on Terafab, his project to make advanced chips in Texas, chief executive Lip-Bu Tan told Bloomberg. Tan made the comments before a Tokyo event on Wednesday celebrating 50 years of Intel’s operations in Japan. His comments come after a week of reports that Taiwan’s TSMC, the world’s largest contract […]

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EU considers bigger levy on large companies to tax Big Tech

The European Commission is looking to collect more money from Apple, Meta, Google, and other US tech companies, according to the Financial Times, which spoke with six officials who are familiar with the discussions. The Commission plans to do this by introducing a levy on large companies overall. Their goal is to avoid a tax […]

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