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Elon Musk became the first person in history to reach a net worth of $1 trillion after SpaceX’s public debut, further extending his lead as the world’s richest individual.
Project Prometheus, the industrial AI startup backed by Jeff Bezos, has reportedly reached a $41 billion valuation following its latest funding round as investors bet on AI applications beyond software.
Teen entrepreneur Zach Yadegari sold Cal AI for about $100 million and is now building an anti-doomscrolling startup.
Elon Musk said his upcoming AI chip could outperform Nvidia’s products while costing a fraction of the price.
Founders Fund launched a Mafia-themed game show featuring Sam Altman, Palmer Luckey, and other Silicon Valley leaders.
Nvidia CEO Jensen Huang described the recent technology selloff as a buying opportunity, arguing that AI-related stocks remain attractively valued as the global AI infrastructure buildout is still in its early stages.
Google will pay SpaceX $920 million per month for access to approximately 110,000 Nvidia GPUs and AI infrastructure.
Anthropic is urging policymakers and AI labs to carefully evaluate the risks of increasingly autonomous AI systems as Claude reaches human-level coding performance and begins handling most of the company’s production code.
Goldman Sachs projects that SpaceX could increase its AI-related revenue by 100 times by 2030, reaching approximately $322 billion annually as the company expands its artificial intelligence infrastructure.
SpaceX is reportedly targeting a $1.75 trillion valuation for its upcoming IPO, with the company expected to begin its investor roadshow on June 4 ahead of a planned Nasdaq debut on June 12.
Marvell shares surged after Nvidia CEO Jensen Huang described the company as the next potential trillion-dollar business, highlighting its growing role in AI infrastructure and networking.
Investors now view Nvidia as a safer borrower than the U.S. government, with the company’s five-year credit default swap trading below U.S. sovereign CDS levels.
Alphabet unveiled an $80 billion fundraising plan, including public offerings and a Berkshire Hathaway investment, to finance the rapid expansion of its AI computing infrastructure.
The Shanghai Stock Exchange approved Unitree Robotics’ IPO application, clearing a major hurdle for one of China’s most prominent humanoid robot companies as investor interest in robotics continues surging.
Nvidia unveiled its Vera CPU for AI agents alongside new AI models, robotics platforms, and AI PC technologies, outlining a broader vision for agentic and physical AI.