Topic: wall street journal
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Nvidia in talks to back $250bn of OpenAI data-centre financing
Nvidia is reportedly negotiating to back approximately $250 billion in financing for OpenAI, enabling the ChatGPT creator to build a massive new data centre without needing an investment-grade credit rating. Under the proposed structure, Nvidia would serve as a financial guarantor to underwrite t...
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Databricks hits $188B valuation in Coatue-led round, surpassing $175B target
Databricks raised new funding at a $188 billion valuation, led by Coatue Management, exceeding its earlier $175 billion target and demonstrating strong market confidence. The investment highlights sustained demand for Databricks' data analytics and AI infrastructure as enterprises accelerate AI a...
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Elon Musk Denies Report of SpaceX AI Phone Prototype
Elon Musk has denied a Wall Street Journal report claiming SpaceX developed an AI-powered smartphone prototype, calling the story "utterly false" on social media. The alleged prototype was described as slimmer than an iPhone with a Qualcomm Snapdragon chip and xAI-powered operating system, but Mu...
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Agility Robotics Eyes $2.5B Public Debut Via SPAC
Agility Robotics is reportedly pursuing a SPAC merger that could value the company at around $2.5 billion, though the deal's terms and partner remain unconfirmed. The potential deal highlights growing investor interest in humanoid robotics, with Agility's Digit robot designed for industrial tasks...
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Polymarket paid creators for deceptive fake bet videos, report says
Polymarket allegedly paid online creators to produce deceptive videos showing fake winning bets on its platform, using near-perfect copies of its website with fabricated trades and payouts. A marketing contractor amplified these misleading videos with a coordinated social-media army, and Polymark...
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Apple to Raise Prices, Citing Unsustainable RAM Costs
Apple CEO Tim Cook confirmed unavoidable price increases due to an unsustainable surge in memory costs, driven by a RAM shortage affecting the entire tech industry. The company has already taken steps like stopping the Mac Studio with 512GB of RAM and raising the Mac Mini's starting price, with f...
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SpaceX files for what could be the largest IPO in history
SpaceX has filed for an IPO under the ticker SPCX, potentially becoming the largest IPO in history. In 2025, the company generated $18.67 billion in revenue, mostly from Starlink, but recorded a $4.9 billion net loss due to $20.7 billion in capital expenditures. The recent merger with xAI positio...
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Top computer scientist warns AI could end humanity within a decade
Yoshua Bengio warns that superintelligent AI could cause human extinction within the next ten years, as AI development is outpacing our ability to control it. Bengio highlights the danger of autonomous AI systems pursuing goals misaligned with human welfare, a scenario increasingly plausible with...
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The whisper-filled office of the future is coming
Dictation apps like Wispr are increasingly used with vibe-coding tools, leading venture capitalists and executives to predict offices will sound more like a call center or sales floor. Gusto co-founder Edward Kim and AI entrepreneur Mollie Amkraut Mueller acknowledge that constant dictation in op...
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Mark Zuckerberg's AI to attend meetings for him
Meta is developing an AI avatar modeled on Mark Zuckerberg, trained on his voice, image, and mannerisms to act as a virtual proxy for interacting with employees. This project is part of Meta's strategic push in the AI race, with Zuckerberg personally investing significant weekly hours in coding a...
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OpenAI's Desktop Superapp: What to Expect
OpenAI is consolidating its separate AI tools, including ChatGPT, Codex, and the Atlas browser, into a single desktop "superapp" to streamline development and improve product quality. This strategic refocus comes amid increased competition, leading the company to deprioritize certain projects to ...
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Jeff Bezos Seeks $100 Billion to Revive Factories With AI
Jeff Bezos is reportedly leading an effort to raise a $100 billion fund to acquire and modernize traditional manufacturing companies using advanced automation and AI, linked to his AI venture, Project Prometheus. The capital would target strategic sectors like aerospace, automotive, and chipmakin...
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Trump Admin Reportedly Set to Collect $10 Billion in TikTok Deal
The Trump administration is set to receive a $10 billion fee from the TikTok ownership restructuring, with an initial $2.5 billion paid to the U.S. Treasury, following its involvement in brokering the deal. This arrangement is part of a pattern of unprecedented government intervention in private ...
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Accountant Wins Big Betting Against Dogecoin on Kalshi
An international tax accountant profited by betting against a popular prediction market contract that the new Department of Government Efficiency would reduce federal spending within a year, based on his expertise in government budget inertia. He risked his entire life savings of over $342,000, a...
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Chase to Take Over Apple Card Operations
JPMorgan Chase will replace Goldman Sachs as the issuer of the Apple Card, reflecting Goldman's exit from consumer lending and Apple's services expansion. Apple assures existing cardholders the core experience, including Daily Cash rewards and Mastercard network, will remain unchanged for now, wi...
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Why Porsche Puts the Ignition on the Left Side
The left-side ignition in Porsche 356 models originated from post-war material frugality to shorten wiring, not from racing strategy as commonly believed. The dangerous "Le Mans start" was abandoned after race incidents and a protest by Jacky Ickx, who won by prioritizing safety over a hurried st...
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US Approves Google's $32 Billion Wiz Acquisition
Google's $32 billion acquisition of Wiz has passed its U.S. antitrust review, a major step toward finalizing one of the largest tech deals, though the process is not yet complete. Wiz initially rejected a $23 billion offer in 2024, believing in its potential for greater independent growth, but ac...
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AI Expert Andrew Tulloch Joins Meta from Thinking Machines Lab
Meta has hired Andrew Tulloch, a prominent AI researcher and co-founder of Thinking Machines Lab, as part of its aggressive strategy to lead in artificial intelligence. The recruitment follows Meta CEO Mark Zuckerberg's efforts to acquire the startup and reportedly offering Tulloch a compensation...
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Trump: US to Receive 'Tremendous Fee' for TikTok's China Exit
The Trump administration is negotiating a deal for TikTok's US operations to be sold to American investors, with a substantial fee paid to the government to address national security concerns. US-based entities like Silver Lake and Oracle would acquire a majority stake, while ByteDance retains a ...
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Trump, ByteDance Claim TikTok Deal Approved-Official Details Still Pending
President Trump announced that a proposed deal for TikTok, approved by Chinese President Xi Jinping, would place the app under a U.S.-led investor group, with ByteDance committing to keep it operational for American users. The agreement follows months of negotiations over national security concer...
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