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SpaceX’s initial public offering is well oversubscribed, according to Bloomberg, with order books set to close on Monday ahead of a pricing expected on Wednesday and first trading on Nasdaq on Thursday. The $75 billion raise at $135 a share would be the largest IPO in history, eclipsing Saudi Aramco’s $29.4 billion listing in 2019. […]
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Amazon is raising C$14 billion, approximately $10 billion, from investment-grade bonds denominated in Canadian dollars, according to Bloomberg. The deal is the largest corporate bond offering ever in the currency, surpassing the C$8.5 billion Alphabet raised in Canadian dollars just one month ago. The offering consists of five tranches of senior unsecured notes with maturities […]
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President Donald Trump signed National Security Presidential Memorandum 11 on Friday, directing the US military and intelligence agencies to accelerate their adoption of advanced AI while protecting frontier models from theft by foreign adversaries. The directive replaces the Biden administration’s NSM-25, which had governed AI in national security since 2024, and adds a provision that no commercial […]
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The UK government and ElevenLabs have signed a memorandum of understanding to explore how voice AI can improve public services, deepen safety research, and build AI talent in the UK. The MoU, signed by AI Minister Kanishka Narayan and ElevenLabs CEO Mateusz Staniszewski, was published on Sunday by the Department for Science, Innovation and Technology. ElevenLabs, which […]
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London Tech Week opened the way these events increasingly do: with a leaderboard of investment pledges. By the end of the first morning, the UK had collected several billion pounds in AI commitments, most of it aimed at the unglamorous machinery of compute. Prime Minister Keir Starmer kicked off the keynotes with a new national […]
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The UK just collected billions in AI pledges on day one of London Tech Week Read More »
JPMorgan Chase is hiring Nomura Holdings’ international head of artificial intelligence strategy, according to Bloomberg, as the largest US bank by assets accelerates its recruitment of AI specialists. Singapore-based Tahir Zafar, who joined Nomura in late 2023 and was promoted to his current role in March 2025, is expected to start around July after completing […]
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The AI boom that has made Samsung and SK Hynix trillion-dollar companies and sent the Kospi up roughly 80% is doing something unusual to South Korea’s bond market: destroying it. Korean government bonds have lost 7.5% in 2026 in local-currency terms, the worst performance among 44 sovereign markets tracked by Bloomberg. The benchmark three-year yield has climbed […]
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South Korea’s AI chip boom is so strong it’s crushing the bond market Read More »
Mexico’s government-backed electric vehicle project Olinia has unveiled its first prototype, a six-seat passenger vehicle called the Olinia Uno, at a ceremony where President Claudia Sheinbaum drove the car onto a stage inside a Mexican Air Force hangar north of Mexico City. The vehicle is priced at 150,000 pesos, roughly $8,600, and is designed for […]
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Spotify has approached concert promoters about licensing the rights to stream live video from music festivals, according to Bloomberg, as the Swedish streaming company pushes to become a broader hub for the live music economy. The company has already started adding footage from live events, including a Dua Lipa show in Mexico City. The live […]
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Spotify is licensing live concert video and reserving tickets for superfans Read More »
China wants its electric vehicles to go on a diet. The average passenger car in the country weighed 1,704 kg in 2024, roughly a third more than in 2012, state broadcaster CCTV reported on Sunday. Many popular SUVs and MPVs now approach or exceed 2 metres in width, squeezing into parking spaces designed a decade […]
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