Musk’s SpaceX Reveals Its Finances for the First Time as It Readies for IPO
Mr. Musk’s rocket and satellite maker disclosed its financial performance as it prepares to go public in what is set to be one of the largest offerings to date.
Tech
Trump Approved a Nvidia Chip for Sale in China. Beijing Doesn’t Want It.
The U.S. tech giant’s powerful H200 chip seemed poised to boost Beijing’s A.I. ambitions, but not a single one has been purchased in China.
Cloudflare posted record revenue, then cut 20% of its workforce. CEO Matthew Prince says AI has made an entire category of workers obsolete
Prince said in a recent Wall Street Journal op-ed that the company would cut “measurers” while prioritizing hiring of “builders” and “sellers.”
Senate Republicans Introduce Funding Measure to Combat Online Child Abuse
As part of the reconciliation bill, the senators have allocated $108 million over three years to add nearly 200 specialists at the Department of Homeland Security.
Nvidia’s Profit Hits $58.3 Billion as A.I. Boom Gathers More Steam
The chip maker said its profit in its most recent quarter jumped 211 percent from a year earlier thanks to extreme demand from other big technology companies.
Gov. Gavin Newsom to Sign Executive Order Aimed at A.I. Job Loss
Gov. Gavin Newsom issued an executive order to explore an overhaul of labor policies to deal with potential mass job displacement from artificial intelligence.
Elon Musk’s proposed pay package in SpaceX’s IPO filing reveals what the company actually is: a $1 trillion monster built to colonize Mars
‘We do not want humans to have the same fate as dinosaurs,’ the prospectus reads.
Nvidia tells skeptical investors that AI is ready to go mainstream
The outlook let down investors who expect moonshot results from the chipmaker. But Nvidia announced a big boost to its dividend and $80 billion in stock buybacks.
SpaceX finally files IPO prospectus, reveals revenue is up–but losses are too
In a S-1 filing replete with glossy photos of rockets and space, SpaceX gave investors the first peek at its business financials and plans for a massive IPO.
