Tag: Business
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SpaceX launches $25 billion notes offering, source says
June 23 : Elon Musk’s SpaceX has launched a five-tranche notes offering aimed at raising at least $25 billion, a source familiar with the matter said on Tuesday, as the newly public company seeks funding for its capital-intensive AI expansion.SpaceX’s AI ambitions carry a hefty price tag, requiring tens of bi
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SpaceX could remain under pressure as more insiders gain permission to sell. Here are the key dates
Investors can expect a significant wave of supply to hit the market that will likely drive the price down, with each new lockup expiration period.
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Blackstone plans $30 billion investment in Japan AI data centres, Nikkei reports
June 23 : Blackstone is planning to invest $30 billion in Japan’s AI data centers over the next three to five years, its president and chief operating officer Jonathan Gray told Nikkei in a recent interview, the business daily reported on Tuesday.The world’s largest alternative asset manager is in discussions
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Mark Zuckerberg directed Meta to create a prediction markets app, NYT reports
June 23 : Meta CEO Mark Zuckerberg recently dispatched a small team at his company to create a smartphone app similar to Polymarket and Kalshi, the New York Times reported on Tuesday, citing two employees with knowledge of the matter.
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Anthropic launches Claude Tag in research preview for Slack users
June 23 : Anthropic on Tuesday launched an artificial intelligence agent inside Salesforce’s Slack app that can work alongside employees in group chats, deepening its push into the enterprise market that has emerged as a key battleground for AI startups.Called Claude Tag, the tool lets users summon the compan
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Stocks making the biggest moves midday: Micron Technology, SpaceX, IBM, Flex & more
These are the stocks posting the largest moves midday.
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Chip stocks plunge, but bargain-hunters stem losses in other tech names
June 23 : U.S. chip stocks stumbled on Tuesday, but the broader market’s initial slump brought out bargain-hunting investors, stemming the falloff in other companies central to the AI infrastructure rally that have powered the market over the last few years.The tech-heavy Nasdaq Composite index was still down
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Meta launches cheaper range of AI smart glasses starting at $299
June 23 : Meta Platforms and EssilorLuxottica on Tuesday announced a new range of lower-cost AI smart glasses, building on the success of their Ray-Ban wearable devices. The new Meta Glasses start at $299, making them far more affordable than the $800 Ray-Ban Display glasses launched last year. The Fac
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India’s Bajaj Auto says ransomware attack hits systems
June 23 : India’s Bajaj Auto on Tuesday said a ransomware attack earlier in the day impacted the automaker and its unit Bajaj Auto Technology’s systems.The company said it initiated necessary precautionary actions and protocols to mitigate the impact of the incident, adding that these measures have so far bee
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Stocks drop as Fed rate bets hit tech royalty; dollar gains
LONDON, June 23 : Global stocks fell on Tuesday, led by broad-based declines in technology shares, including SpaceX, as growing expectations for the Federal Reserve to be more aggressive in tackling inflation drove investors into bonds and the dollar.Futures on the Nasdaq were down more than 2.5 per cent, sug
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