Elon Musk is now worth more than $1 trillion. The SpaceX IPO, which priced 555.6 million shares at $135 each on 12 June, valued the company at roughly $1.77 trillion and pushed Musk past a threshold no individual has ever crossed. His SpaceX stake alon…
Britain’s Technology Secretary Liz Kendall has pledged to strengthen efforts to channel institutional investment into UK tech companies. Speaking to Bloomberg TV during London Tech Week, Kendall said the government would pursue legal reforms to how pen…
Anthropic built the Claude Fable 5 curbs to keep China’s AI labs out of its most powerful public model. The loudest complaints came from its own side of the firewall. On 9 June, Anthropic released Claude Fable 5, a tamed, public-facing version of Mytho…
Infineon Technologies is preparing to open its largest single investment, a €5 billion semiconductor factory on its Dresden campus, on 2 July. The Smart Power Fab, which received approximately €1 billion in EU Chips Act subsidies, will produce power se…
Canada has introduced a bill that would bar under-16s from social media and, in a twist that sets it apart from other countries, regulate AI chatbots in the same sweep. The Digital Safety Act, tabled on Wednesday, is the latest move in a global wave of…
The US-backed plan to build an AI and supply-chain hub in the Philippines now has a number attached: about $10bn in initial investment, with more to follow, according to the official leading the Philippine side. It also has a striking term on the table…
The backlash against AI data centres has reached a new stage: a class-action lawsuit. Residents of Mississippi have sued Elon Musk’s xAI and SpaceX, claiming a gas-fired power plant that feeds nearby data centres blasts “omnipresent and inescapable” no…
In the past fortnight, the two most powerful AI labs on the planet have published research papers, blog posts, and policy proposals warning that frontier artificial intelligence is advancing faster than anyone can control it. In the very same stretch, …
China’s Workers’ Daily, the official mouthpiece of the country’s umbrella trade union, has published a pointed editorial urging government agencies to protect labour rights as artificial intelligence spreads across the economy. The newspaper, which is …
Palantir CEO Alex Karp says full nationalization of AI companies is coming, and that Senator Bernie Sanders’ proposal for 50% public ownership will soon look moderate. “In two years, they’re not going to think Bernie Sanders is progressive,” Karp told …