SpaceX Raises $75 Billion in Largest IPO on Record
SpaceX IPO sold 555.6 million shares at a fixed $135, nearly tripling the prior record as heavy demand bets on Musk despite steep losses and no path to profit.
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Mistral in Talks to Raise €3 Billion at €20 Billion Valuation
Mistral's reported €3 billion round would fund a 1-gigawatt European compute buildout, yet leaves the OpenAI rival far smaller than US and Chinese rivals.
SK Hynix Targets $14 Billion US Listing as Early as August
By
Olivia Grant
SK Hynix, Nvidia's largest memory partner and the HBM market leader, awaits SEC clearance for an ADR listing as its stock trades at a persistent Korea discount
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Anthropic Launches Claude Corps, a $150 Million Nonprofit AI Fellowship
Anthropic committed $150 million to Claude Corps, a fellowship paying 1,000 early-career workers to spend a year embedding AI in US nonprofits.
SpaceX Pitches Vertically Integrated AI Stack, Including Data Centers in Orbit
SpaceX is pitching investors on a vertically integrated AI strategy spanning chips, data centers and even compute satellites in orbit, bankrolled by Starlink's profits.
Bezos’s Prometheus Raises $12 Billion at $41 Billion Valuation
Jeff Bezos's industrial AI startup Prometheus raised $12 billion at a $41 billion valuation, emerging from stealth to build AI for engineering and manufacturing.
Google Releases DiffusionGemma, an Open Model for Faster Text Generation
Google released DiffusionGemma, an open model that generates text in parallel blocks for up to four times faster output on local GPUs.
Xiaomi Open-Sources MiMo Code, a Terminal Coding Agent With Memory
Xiaomi MiMo Code is a free, MIT-licensed coding agent with persistent memory and parallel reasoning, forked from OpenCode and aimed at hundred-step tasks.
OpenAI Weighs Sharp Token Price Cuts to Counter Anthropic
OpenAI is weighing steep cuts to its token prices to win users from Anthropic, signaling a possible price war as both companies head toward IPOs.
Google Cuts AI Plus Price to $4.99 and Doubles Storage
Google AI Plus adds Gemini 3.1 Pro, Omni Flash video and family sharing while undercutting pricier ChatGPT and Anthropic subscription tiers in the US market.
OpenAI Employees Cash Out $6.6 Billion in Record Share Sale
More than 600 OpenAI employees sold a combined $6.6 billion in shares in October, marking one of the largest pre-IPO payouts in Silicon Valley history.
OpenAI Weighs $500 Billion Nvidia-Backed Ohio Data Center Lease
By
Olivia Grant
OpenAI is negotiating a 10-gigawatt Ohio data center lease that could cost at least $500 billion, with Nvidia guaranteeing the financing in one of the largest AI infrastructure bets yet proposed.
SpaceX Reveals Orbital AI Data Center Specs During IPO Week Roadshow
By
Olivia Grant
SpaceX has released its most detailed look yet at a planned orbital AI data center satellite, unveiling a 70-meter-wingspan structure during the same week the company is pitching investors on a $1.75 trillion public listing.