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Fresh from a record IPO that helped make Elon Musk a trillionaire, SpaceX is raising at least $20bn in its debut bond sale to bankroll a vast AI build-out. SpaceX is about to do something none of Elon Musk’s companies has done before. It is borrowing money from public bond investors. On Monday the rocket […]
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SpaceX taps the bond market for the first time to fund AI Read More »
The Lime IPO has a price and an anchor investor: Uber, the ride-hailing giant that already owns a chunk of the scooter firm and is now backing its market debut. Lime is going public, and an old backer is helping carry it across the line: Uber. The scooter and bike-rental firm, formally Neutron Holdings, has […]
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Uber anchors Lime’s IPO as the scooter firm goes public Read More »
China’s new trade curbs target 56 US companies, from rare-earth miners to drone makers. It is direct retaliation for Washington adding Chinese firms to its military blacklist. China has answered the Pentagon’s blacklist with one of its own. On Monday, Beijing aimed trade curbs at 56 American companies. The measures hit drone makers and defence […]
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China hits back at the Pentagon with curbs on 56 US firms Read More »
The Chevron Microsoft gas deal hands the oil major a 20-year contract to power a giant West Texas data centre. For a company that built its AI plans on renewables and nuclear, that is a sharp turn. Chevron will power one of the largest data centres in the United States by burning natural gas. The […]
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Microsoft turns to Chevron’s gas to power a Texas data centre Read More »
Most of the AI industry is betting that bigger models mean smarter machines. A new startup is betting the opposite. Aether AI, based in San Diego, has raised a $20mn seed round to chase a different idea entirely. Its founder thinks the next leap will not come from scale. It will come from teaching machines […]
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The bet against bigger models: Aether AI lands $20mn for causal AI Read More »
AI’s next bottleneck is not the chips. It is the wiring between them. As clusters grow to hundreds of thousands of GPUs, the copper links that shuttle data between them are running out of road. So the industry is racing to move that traffic onto light instead. HyperLight, a startup spun out of Harvard, has […]
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A new book paints an unflattering picture of how Silicon Valley’s most powerful men handled Donald Trump’s return to power. According to its authors, they grovelled. And Trump, they write, mocked them for it behind their backs. The book is “Regime Change: Inside the Imperial Presidency of Donald Trump”, by the New York Times reporters […]
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Trump mocked Zuckerberg and Bezos for ‘first-class groveling’, new book claims Read More »
Bernie Sanders has turned a talking point into a bill, and it goes further than anything Silicon Valley or the White House has put on the table. On Thursday, the Vermont senator introduced legislation that would hit the largest AI companies with a one-time 50 per cent tax on their stock, paid in shares rather […]
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Bernie Sanders’ AI bill would hand the public half of OpenAI, Anthropic and xAI Read More »
The backlash against AI data centres used to be a local zoning story. This week, it became a fight inside Amazon. Three Amazon engineers, Patrick Schloesser, Darius Irani and Liesl Wigand, say the company placed them under investigation after they testified to Seattle’s city council in favour of regulating data centres. They have filed a […]
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Silicon Valley is spending more than $100mn to elect politicians who will leave AI alone. A new group of tech workers wants to fight back with a fraction of that. The Guardrails Alliance, a super PAC that supports AI regulation, launched on Thursday with money from tech employees, labour unions and parents. Democratic operatives Shaunna […]
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A $5M tech-worker PAC is taking on Big Tech’s $100M war chest over AI rules Read More »