SpaceX, OpenAI and Anthropic Race to Go Public
SpaceX has filed an S‑1 prospectus, signaling an IPO that could launch as early as next month, making it the largest public offering ever contemplated. OpenAI is targeting a September listing after a $150 billion legal victory, while Anthropic eyes a fall debut, underscoring a rapid succession of AI‑focused IPOs. The filings reveal SpaceX’s $18.7 billion revenue and $4.9 billion net loss, driven by its new xAI unit, and Nvidia’s record $58 billion profit that is now competing for investor attention. Together, these moves could reshape capital allocation in the tech and aerospace sectors.
The Growing Anxiety Over AI, Jobs and the Future
The AI backlash is turning global, from university podiums to the Vatican, as companies accelerate AI adoption. Meta announced a cut of 8,000 jobs and reassignment of 7,000 staff to AI projects, pushing tech‑sector layoffs past 111,000 this year. Meanwhile,...
A FOMO Moment for Mythos
Anthropic has rolled out its flagship AI system, Mythos, to a limited group of large financial institutions through the Project Glasswing program. Major banks such as JPMorgan Chase, Bank of America and Goldman Sachs are testing the model for cybersecurity and operational...
Why a Warsh-Led Fed May Keep Interest Rates Higher for Longer
Kevin Warsh, President Donald Trump's pick, is poised to become Fed chair as the Senate prepares a vote. He inherits a central bank confronting a three‑year‑high inflation rate of about 4.2 % and rising geopolitical risk from the Iran conflict. Economists...
Anduril Raises $5 Billion in Funding and Is Valued at $61 Billion
Anduril announced a $5 billion funding round that lifts its valuation to $61 billion, roughly double its June 2025 level. The capital, led by Thrive Capital and Andreessen Horowitz, brings the company’s total financing to $6.82 billion across eight rounds. Anduril reported $2.2 billion...
How Much Power Did Microsoft Have Over OpenAI?
Microsoft CEO Satya Nadella testified in the high‑profile Elon Musk v. OpenAI trial, addressing how deeply Microsoft is intertwined with OpenAI’s operations. He described the relationship as being “below, above, around” the AI startup, underscoring Microsoft’s $13 billion investment and integrated product...
Private Equity Lashes Out at New Research on Carried Interest
The Treasury’s new analysis estimates that reclassifying carried interest as ordinary income could add about $200 billion in annual tax revenue. Private‑equity and venture‑capital firms have launched a coordinated backlash, arguing the change would undermine incentives for long‑term investment. Lawmakers on...
Why Some People Are Allergic to ‘Peanut Butter Raises’
The term “peanut butter raises” describes modest, across‑the‑board pay bumps that spread like a thin layer of peanut butter on bread. The metaphor resurfaced after a Payscale report showed firms favoring uniform increases over larger merit raises for a few...
All Those A.I. Note Takers? They’re Making Lawyers Very Nervous.
AI-powered note‑taking tools are rapidly becoming standard fixtures in corporate video meetings, offering automatic transcripts and searchable summaries. Lawyers, however, warn that these bots capture every comment—including privileged attorney‑client communications—creating a trove of discoverable evidence. The unfiltered AI transcripts can...
Meta’s Embrace of A.I. Is Making Its Employees Miserable
Meta announced it will begin tracking U.S. employees' keystrokes, mouse movements, clicks and screen content to feed its artificial‑intelligence models. The policy, rolled out to tens of thousands of staff, sparked immediate backlash, with workers posting angry emojis and demanding...
What Was Discussed at Google’s White House Meeting About A.I.
Google CEO Sundar Pichai met with senior Trump administration officials at the White House on Thursday. While the formal agenda focused on cybersecurity threats, sources say the underlying discussion centered on the United States’ ability to secure sufficient artificial‑intelligence computing...
OpenAI’s New Model Spurs Debate Over Computing Power
OpenAI announced GPT‑5.5‑Cyber, a new cybersecurity‑focused model slated for immediate release to critical cyber defenders. CEO Sam Altman framed the launch as a response to concerns that rivals like Anthropic face compute constraints, emphasizing rapid deployment with ecosystem and government...
Casa, a Handyman Start-Up, Aims to Automate Home Maintenance
Casa, a home‑maintenance startup founded by former Uber and CloudKitchens executives, is emerging from stealth with a subscription‑based service that combines AI scheduling and a network of handymen. The company promises a full‑time concierge that handles both on‑demand repairs and...
How Powell Just Complicated Trump’s Fed Plans
Jay Powell announced he will stay on as Federal Reserve chair beyond his term expiration next month, delaying the transition to President Trump’s preferred successor. Trump and his pick, former Fed governor Kevin Warsh, have been pushing for aggressive rate...
A.I. Is Forcing More Belt-Tightening at Big Tech
The escalating cost of competing in the artificial‑intelligence race is prompting both established and emerging tech firms to tighten belts. Microsoft has offered early retirement to roughly 7% of its U.S. workforce, while Meta announced a 10% cut, eliminating about...