DeepSeek Closes Record $7 Billion Round With Unusual Terms
The announcement had been expected for months; the terms had not. DeepSeek said Tuesday it has completed its first external funding round of more than $7 billion, roughly 50 billion…
The World’s 500 Richest Gained $336 Billion in a Single Day
The number is so large it reads like a typo: $336 billion, added to the combined net worth of the world’s 500 richest people in a single day. It happened…
Kazakhstan Bets $10 Billion on an AI Data Center
The signing ceremony took place in Ekibastuz, a coal-mining city in northeastern Kazakhstan known for one of the world’s largest power plants rather than for cloud computing. The government, the…
Security Experts Urge White House to Reverse Ban on Anthropic’s Top Models
The message that triggered the whole affair was three words long: “Fix this code.” According to Fortune, that was the extent of the “jailbreak” that led the U.S. government to…
Amazon to Spend $10 Billion on Missouri Data Center Campus
Montgomery City, Missouri, has about 2,800 residents and sits beside Interstate 70, roughly midway between St. Louis and Kansas City. It is not the first place most people would look…
History’s Biggest IPO Wave Carries a Familiar Warning
SpaceX’s record listing is done. Two more stand behind it in the queue, and the combined scale has no precedent. OpenAI is aiming at a $1 trillion valuation, and Anthropic…
The FBI’s Fake Town, Built for Real Attacks
No one lives there, but the town has a hospital, a hotel and a power plant. The FBI built the 22,000-square-foot replica to rehearse something that is hard to rehearse…
SpaceX Stock Closes Up 19% in Trading Debut, Making Musk the First Trillionaire
The first trades crossed at 9:30 a.m., and by the closing bell the tape told a story four years in the making. SpaceX, the rocket company Elon Musk built from…
SK Hynix Plans U.S. Listing as Early as August, Reuters Reports
The Korean chip maker that has ridden the AI memory boom to a $1 trillion market value is preparing to take its shares to the United States. SK Hynix plans…
Meta Cuts Off Manus as It Unwinds a $2 Billion Deal
Inside Meta Platforms, the internal memo said it plainly: Manus is being “sunset.” Staff were told to migrate existing Manus projects onto Meta’s own systems and not to begin new…
