SpaceX Prices Its IPO at $1.77 Trillion
The price was fixed, no range, and the room was told so up front. At the SpaceX investor roadshow in midtown Manhattan this week, the screen showed $135 a share,…
Anthropic Makes Its IPO Case as OpenAI Rushes Its Own Silicon
The question came up in the first minutes of the meeting, and Daniela Amodei did not flinch. When will the billions spent on AI models produce returns? Anthropic’s president, pitching…
Alphabet Raises $85 Billion to Feed Google’s AI Buildout
The announcement on June 1 was the largest equity raise Alphabet has ever attempted. Two days later, after the underwritten portion was oversubscribed, the company upsized it. Bloomberg reported the…
Apple Opens Messages to an AI Agent and Puts Its Glasses On
The startup is called Poke, and it has done something no other company has managed: get an AI agent approved to run on Apple’s Messages for Business platform. The approval,…
Tencent Keeps Buying as Southbound Funds Back SMIC
The filing landed with the routine precision of a machine that never stops. On June 5, Tencent Holdings reported to the Hong Kong exchange that it had bought back 1,092,000…
Morgan Stanley Opens Its Wealth Machine to AI Agents
The memo, when it came, was short and the implications were long. Morgan Stanley told its wealth management division that AI agents would be introduced into client outreach — the…
Jamie Dimon Takes SpaceX’s IPO Pitch to JPMorgan’s Richest Clients
Jamie Dimon will personally pitch SpaceX’s initial public offering to the bank’s wealthiest clients this month, a roadshow built around the lender’s branch network rather than the usual circuit of…
Alphabet Raises $85 Billion to Fund Google’s AI Push
Alphabet has raised $85 billion for its Google AI business through the largest debt and financing package in the company’s history, a sum larger than the valuation of most AI…
Google’s Gemini Surpasses 2.5 Billion Users With AI Search Summaries
Google’s AI-powered search summaries have become the most widely used artificial intelligence product on earth, reaching 2.5 billion monthly users, according to an investor presentation Alphabet released this week. The…
TSMC Says It Can’t Keep Up With AI Demand
The world’s most important chipmaker has run out of polite ways to say no. TSMC, the Taiwanese foundry that manufactures the processors behind nearly every AI system in production, said…