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The head of the International Monetary Fund warned on Wednesday that advanced AI models like Anthropic’s Mythos “can be used to destroy the financial system” if they fall into the wrong hands. IMF Managing Director Kristalina Georgieva made the comments in Brussels while presenting the Fund’s annual economic assessment of the eurozone. “What we recognize […]
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The music industry descended on New York this week for Indie Week and a flurry of parallel gatherings. The conversations kept circling back to the same handful of anxieties: generative AI, streaming fraud, underpaid songwriters, and the organisations meant to protect them. Four issues, in particular, dominated the agenda. Each one carries the potential to […]
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Elon Musk is now worth more than $1 trillion. The SpaceX IPO, which priced 555.6 million shares at $135 each on 12 June, valued the company at roughly $1.77 trillion and pushed Musk past a threshold no individual has ever crossed. His SpaceX stake alone is worth an estimated $866.5 billion, according to the updated IPO prospectus. […]
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SpaceX’s satellite internet service had 10.3 million subscribers at the end of the first quarter of 2026, more than double the 4.4 million it reported a year earlier. That growth rate is extraordinary by any standard in telecommunications, let alone for a business that delivers broadband from orbit. But the S-1 prospectus SpaceX filed ahead of what would […]
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Starlink is SpaceX’s cash machine, but the maths is getting harder Read More »
The chief executives of the three most powerful artificial intelligence companies on Earth are about to sit in the same room as the leaders of the world’s seven largest advanced economies. OpenAI’s Sam Altman, Anthropic’s Dario Amodei, and Google DeepMind’s Demis Hassabis are all slated to attend the G7 summit in Évian-les-Bains, France, which runs […]
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Altman, Amodei, and Hassabis are heading to the G7. The rivals have a lot to discuss. Read More »
Infineon Technologies is preparing to open its largest single investment, a €5 billion semiconductor factory on its Dresden campus, on 2 July. The Smart Power Fab, which received approximately €1 billion in EU Chips Act subsidies, will produce power semiconductors used in AI data centres, electric vehicles, and renewable energy systems. The opening arrives three […]
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Dreame Technology, a Chinese maker of robotic vacuum cleaners, lawn mowers, and pool cleaners, is considering a Hong Kong initial public offering as soon as next year, according to Bloomberg. The company is working with advisers and could raise several hundred million dollars. The potential listing would add to a surge of Chinese tech companies choosing Hong […]
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SpaceX begins trading on Nasdaq today under the ticker SPCX after raising $75 billion in the largest initial public offering ever completed. The previous record holder, Saudi Aramco’s 2019 listing, raised $29.4 billion, making SpaceX’s offering roughly 2.5 times larger. A regulatory filing on Friday confirmed that Japanese investors accounted for $2.2 billion of the […]
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Anthropic is donating $150 million to place 1,000 AI fellows inside nonprofit organisations across the United States. The programme, called Claude Corps, will pay early-career workers $85,000 plus benefits for a year-long placement where they help nonprofits use Claude more effectively. Applications opened Wednesday and close on July 17. No college degree is required. Applicants […]
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Oracle warned customers on Thursday of a critical vulnerability in its PeopleSoft software that hackers have already exploited to breach more than 100 organisations. The flaw, CVE-2026-35273, carries a CVSS score of 9.8 and can be exploited over the internet without any authentication. Oracle has not released a patch. The advisory came a day after […]
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ShinyHunters breached 100+ companies through an unpatched Oracle PeopleSoft zero-day Read More »