Tech
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SpaceX’s next-gen rocket is the key to its sky-high valuation, early investor says: ‘Starship also enables all kinds of frontier markets’
Elon Musk’s SpaceX is preparing for the biggest IPO in history, and its next-generation Starship vehicle may be the key to its sky-high valuation. At 408 feet tall, the fully reusable Starship V3 looms higher than any previous version. It can carry a payload of up to 100 metric tons, a significant increase from the…
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BofA says you’ll be 10x more productive with AI. Ignore the 0.1% result so far
Bank of America has a message for anyone who has grown skeptical of the AI boom: you are thinking too small. In a report published Thursday, the bank’s research team made a typically sweeping claim for a Wall Street bank assessing the supposed artificial intelligence boom. It’s not like electricity or even the internet, the…
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AI hallucinations are infiltrating expert work—and entering the permanent body of knowledge
It was a process that had become routine for Maxim Topaz. The associate professor at Columbia University’s School of Nursing had grown accustomed to having artificial intelligence tools help polish scientific papers for grammar, formatting, and other details. But a few weeks after submitting his latest research, the academic journal he was due to publish…
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As AI wipes out white-collar jobs, one Alabama high school and Toyota are training students for roles that pay $40 an hour and can’t be automated
The U.S. has a dire shortage of skilled tradespeople. A school in Huntsville, Ala., is attempting to replenish the talent pool—one teenager at a time. The Huntsville Center for Technology (HCT) is a new $40 million facility where 700 students leave their traditional high school for part of the day to receive industry-standard training. The…
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Tech billionaires convinced Trump to back off an AI executive order. But much of MAGA favors AI regulation
The tech bros struck back. That’s the best way to describe what happened yesterday when President Donald Trump suddenly decided to indefinitely postpone signing an Executive Order on AI, even as technology company executives he had invited to be present at the White House for the signing were traveling to Washington for the ceremony. “I…
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How Grab’s CTO sees the superapp’s push into physical AI and automated driving—and why he uses his competitors’ robots in the office
Robots could become as important to Grab’s future as its human drivers. On May 20, Grab announced that one of its robots, named Carri, will start deliveries in Singapore’s Punggol district, the city-state’s hub for testing robotic services. But Carri has already been plying the corridors of Grab’s Singapore headquarters, says chief technology officer Suthen…
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Barnes & Noble CEO clarifies the bookseller’s stance on AI-written books after refusing to ban them: ‘This is a straightforward rejection of AI books’
Barnes & Noble CEO James Daunt wants to set the record straight on his views on AI-generated books. In an interview with NBC News earlier this week, Daunt said he would not outright ban the sales of books written by AI. Daunt took the helm of the bookseller in 2019, helping to lead it through…
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Fortune Brainstorm Tech 2026 will be brilliant
I’m so excited for our fast-approaching 25th anniversary Fortune Brainstorm Tech, June 8 to 10 in Aspen. This year’s gathering is really special. For the first time in almost a decade, we’re returning to Brainstorm’s spiritual home. We’ve held this event 16 times in Aspen before; all but four were on the campus of the…
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The big questions looming over OpenAI’s trillion-dollar IPO
OpenAI’s hotly anticipated IPO may be coming sooner than expected. Hot on the heels of co-founder Elon Musk filing for a trillion-dollar SpaceX offering,the ChatGPT maker is preparing to file its own confidential IPO paperwork, according to a report from the Wall Street Journal.The filing could pave the way for a public listing as soon…
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Microsoft reports are exposing AI’s real cost problem: Using the tech is more expensive than paying human employees
Firms today are pushing employees to use as much AI as possible to squeeze out the technology’s productivity gains. But that pressure is leading to cracks, and those cracks may be irreparable. Microsoft has reportedly begun canceling most of its direct Claude Code licenses, according to The Verge, instead moving engineers toward using GitHub Copilot…