Attorney General James Uthmeier said prosecutors reviewed chat logs showing ChatGPT advised the suspect on weapons, ammunition, and timing. The probe is the first criminal investigation into an AI company over an alleged role in a mass shooting in the US. Florida Attorney General James Uthmeier announced on Tuesday that the state’s Office of Statewide […]
The FT reports that OpenAI’s $500M initial equity stake, with an option for $1B more, will go into a Delaware LLC designed to accelerate AI adoption across PE portfolio companies. OpenAI is guaranteeing backers a 17.5% annual return. A close is expected in early May. OpenAI is set to commit up to $1.5 billion of […]
The now-public S-1 prospectus shows Musk controls roughly 79% of SpaceX’s votes despite owning approximately 42% of its equity, a gap created by a dual-class share structure. The company is targeting a June listing at a $1.75 trillion valuation, a raise of up to $75 billion, and an unusually large 30% retail investor allocation. SpaceX’s […]
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The CEO of Europe’s most valuable startup gave his clearest IPO timeline yet in a Bloomberg interview, narrowing his December ‘two to three years’ estimate to ‘two years.’ It came as Revolut marked the biggest regulatory milestone in its history and filed for a US bank charter, both developments that make an eventual listing meaningfully […]
In short: Allbirds is rebranding as NewBird AI and pivoting from sustainable footwear to GPU-as-a-service cloud computing after selling its shoe business to American Exchange Group for $39 million. The company secured $50 million in convertible financing, saw its stock surge 600% before falling back by a third, and plans to lease GPUs to AI […]
The Swedish telecoms equipment maker narrowly missed profit forecasts, with adjusted EBITA falling 20% year-on-year to SEK 5.6 billion. North America, which drove a 20%+ surge in Q1 2025, declined sharply as prior-year pull-forward investment unwinds. CEO Ekholm blames rising semiconductor input costs, partly driven by AI demand. Ericsson reported a sharp fall in profitability […]
The two companies announced an expanded partnership at a Cadence conference in Santa Clara on Wednesday. The goal: make robot training data more accurate so physical AI systems reach real-world deployment faster. Cadence Design Systems and Nvidia have announced an expanded partnership aimed at closing one of robotics’ most persistent problems: the gap between how […]
Amazon and Apple have also signed a separate agreement for Amazon Leo to continue powering satellite features on iPhone and Apple Watch. The deal gives Amazon the spectrum, infrastructure, and operational expertise to launch direct-to-device satellite services from 2028, and compresses years of development into a single transaction. Amazon has agreed to acquire Globalstar in […]
