Tech
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SpaceX heads into a record-shattering IPO with the ‘deepest moat that exists today’ as investors vow to ‘never bet against Elon’
The biggest IPO ever is just a few weeks away as reports say SpaceX has accelerated its timeline for coming public, and investors are cheering the company’s lofty ambitions. Elon Musk’s rocket and satellite giant, which recently merged with his AI startup, expects to price its IPO as soon as June 11, with a trading…
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We talked to 12 tarot card readers who are using AI. They split in 2 camps, with big implications for the technology
If you’ve ever turned to artificial intelligence to try to figure out how to handle a tricky situation with a friend or colleague, you’re far from alone. For many, AI has become a modern oracle – a source of guidance, emotional support or clarity in moments of uncertainty – though critics worry that they could…
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Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI
For the back half of the 20th century (what Fortune founder Henry Luce called “The American Century”), MBA and law degree programs were a ticket to a great office job and a path to the American Dream. The 21st century is asking the question: What happens when all those office jobs get automated? In a…
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How Trump’s ‘unusual’ brokerage account traded around his own market-moving decisions—selling hyperscalers and buying energy stocks during the war
Everyone who follows tech remembers the “Something Big is Happening in AI” essay–and President Trump’s brokerage may have read it too. On Feb. 10, an AI founder named Matt Shumer published a 5,000-word essay arguing that most of the world was sleepwalking into a crisis akin to coronavirus, but only tech people knew what was…
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SpaceX said to plan public IPO filing as soon as Wednesday
SpaceX is seeking to file publicly for its long-awaited IPO as soon as Wednesday, according to people familiar with the matter. Elon Musk’s rocket, satellite and artificial intelligence company aims to kick off formal marketing as soon as June 4, price its initial public offering as early as June 11 and list on June 12,…
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Americans would rather live near a nuclear power plant than a data center—by a lot
Gone are the days of the Cold War, of nuclear anxiety, of those old animated “Duck and Cover” PSAs we were shown in school: Americans are now more opposed to an AI data center in their neighborhood than a nuclear power plant. A Gallup survey conducted in March found that 71% of U.S. adults oppose…
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Cisco’s AI orders forecast just hit $9 billion—and the stock surged
Good morning. It took Cisco nearly 26 years to reclaim its March 2000 peak. It’s taken just five months to leave it in the dust. Shares of the networking giant in business for over 40 years surged more than 13% Thursday to an intraday record of $119.36, capping one of the most improbable turnaround stories…
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AI agents are saving California’s favorite cheese. Here’s how Salesforce brought Petaluma Creamery back from the dead
Larry Peter has as much personality as the cheeses that once made Julia Child melt. He once sold cheese out of a woodshed he built next to a schoolhouse he bought from Sonoma High School for a dollar and now he owns a 113-year-old facility — three city blocks in the heart of Sonoma County…
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Claude is telling users to go to sleep mid-session and nobody, including Anthropic, seems to fully understand why it keeps doing it
Anthropic’s Claude is telling people to go to sleep and users can’t figure out why. A quick scan of Reddit reveals that hundreds of people have had the same issue dating back months—and as recently as Wednesday. Claude’s sleep demands are varied and, often, quirky variations of the same message. To one user it may…
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Cerebras CEO says AI chip demand is ‘not speculative’ as shares double in blockbuster IPO debut
Cerebras Systems Inc. shares surged more than 100% above their IPO price when trading opened Thursday, in a blockbuster debut that underscored investors’ intense appetite for AI infrastructure companies. The company priced its initial public offering at $185 a share Wednesday night—above an already elevated expected range—raising roughly $5.55 billion. The AI chipmaker sold 30…