SK Hynix Makes History With Record U.S. IPO as AI Memory Demand Soars
SK Hynix raised $26.5 billion in the largest U.S. IPO ever by a foreign company as surging AI memory demand fueled overwhelming investor interest.
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SK Hynix raised $26.5 billion in the largest U.S. IPO ever by a foreign company as surging AI memory demand fueled overwhelming investor interest.
SK Hynix began trading on Nasdaq after raising $26.5 billion in an oversubscribed ADR offering, with the proceeds set to expand AI memory chip production.
Crypto-focused venture capital firm Paradigm has raised a new $1.2 billion fund to expand its investments beyond digital assets into artificial intelligence and robotics.
SpaceXAI has launched Grok 4.5, its most advanced AI model yet, designed for coding, agentic tasks, and knowledge work with availability through Grok Build, Cursor, and the API.
SpaceX has lost more than $1.05 trillion in market value over the past 22 days as shares fell 36% from their recent peak.
Instagram now allows Meta AI to generate images using photos from public accounts by default, unless users manually disable the feature in their settings.
Elon Musk’s xAI has officially rebranded as SpaceXAI after merging with SpaceX, with the new name and logo announced on X.
Samsung’s operating profit jumped 19-fold in the second quarter as surging AI chip demand fueled one of the strongest earnings recoveries in the company’s history.
Getty Images ended its planned merger with Shutterstock, sending shares of both companies lower as the deal collapsed.
AI spending by Alphabet, Amazon, Meta, Microsoft, and Oracle could exceed U.S. defense spending as a share of GDP by 2027.
AMPERA unveiled a full-scale 3D-printed thorium reactor module designed to deliver up to 30 MW of power for AI data centers.
Michael Burry has expanded his bearish AI bets, arguing that semiconductor valuations and AI expectations resemble the dot-com bubble.
NVIDIA co-founder Curtis Priem sold his entire stake for about $50 million by 2006—a holding that would be worth roughly $600 billion today.
Michael Burry has expanded his bearish bets against the AI semiconductor sector, shorting Micron, Nvidia, Applied Materials, and the iShares Semiconductor ETF while warning that valuations resemble the dot-com bubble.
OpenAI is reportedly discussing a proposal that would give the U.S. government a 5% stake in the company, currently valued at roughly $42.6 billion.