Meta to Cut More Than 10,000 Jobs as Zuckerberg Tightens the Belt
MENLO PARK, Calif. — Mark Zuckerberg’s message to Meta Platforms’ employees was blunt: the company’s best years of growth are behind it, and the people who survive the coming cuts…
SpaceX Prepares for Nasdaq Debut in What Could Be the Largest IPO in History
The plan has a code name inside SpaceX: “Project Apex.” Under it, the company filed confidentially with the SEC in early April, and reports this week point to pricing as…
Cerebras Nears $95 Billion Value in Biggest Tech IPO Since Uber
For years, the pitch sounded like a joke: a startup that would build a chip the size of an entire silicon wafer, taking on Nvidia. On Thursday, Cerebras Systems closed…
SpaceX Prospectus Details Musk’s Mars-Linked Pay Plan
The prospectus answers the question investors have asked since the listing was announced – who controls SpaceX? – with a definitive answer. Elon Musk would receive Class B shares carrying…
Nvidia’s Value Now Tops Germany’s Economy
Nvidia is now worth more than the whole of Germany. The chipmaker’s market capitalization reached $5.7 trillion in mid-May, surpassing the $5.45 trillion that the International Monetary Fund projects for…
AI Labs Sign Up Buyout Firms as Sales Channel
In a 72-hour stretch this week, the three largest AI companies effectively signed up some of Wall Street’s biggest buyout firms as distribution partners. Anthropic, OpenAI, and Google all moved…
OpenAI Is Said to Weigh Suit Against Apple
A partnership that began with a handshake on a stage in Cupertino is now reported to be headed toward lawyers. OpenAI is considering suing Apple, according to a report from…
HashiCorp Co-Founder’s AI Critique Grips Hacker News
The post went up late on a spring evening, a long argument about startup economics from a name the valley still stops to read. Within hours it was the most-discussed…
OpenClaw’s OpenAI Embrace Stirs an Old Question About Open Source
Peter Steinberger has a foot in two worlds. The developer is the founder of OpenClaw, an open-source project that has become popular among engineers who want to control their AI…
SpaceXAI Loses Engineers as Two Cultures Clash
The all-hands meetings were the worst part, one former employee said. Half the room wanted to talk about launch timelines and hardware discipline. The other half wanted to discuss research…
