Denmark’s AkademikerPension, which manages roughly $25 billion for academic professionals, has said it will not participate in SpaceX’s initial public offering or buy shares in any secondary-market transaction, according to Bloomberg. Chief investment officer Anders Schelde called the company “grossly overvalued” and cited what he described as a “catastrophic governance structure” as the primary reason for the […]
The world’s largest sovereign wealth fund does not often pick a fight with a company it owns. When it does, the size of the holder makes the gesture hard to ignore. Norges Bank Investment Management, which runs Norway’s $2.3 trillion oil fund, will vote in favour of shareholder proposals calling for a human-rights review at […]
The way to read the latest Anthropic financing is to notice who is not borrowing the money. Apollo Global Management and Blackstone are arranging roughly $36 billion of debt, but the loan does not sit on Anthropic’s balance sheet. It buys chips, and the chips get leased back. The two firms are bringing additional investors […]
SpaceX is targeting a valuation of at least $1.8 trillion in its initial public offering, down from the $2 trillion-plus it was aiming for as recently as April, according to Bloomberg. The target was adjusted after consultations with advisers and investors, and could still move higher depending on feedback during the formal marketing period, which is […]
Blue Origin’s New Glenn rocket exploded during a static fire test at Cape Canaveral Space Force Station on Thursday night, sending a fireball into the sky and destroying the vehicle along with critical launch pad infrastructure. The explosion occurred at approximately 9pm EDT as engineers were counting down to a brief test firing of the […]
Anthropic has released Claude Opus 4.8, an upgrade to its flagship AI model that the company says is more honest, more reliable in agentic tasks, and better at catching its own mistakes. The model is available immediately at the same price as its predecessor, $5 per million input tokens and $25 per million output tokens, […]
Oura has launched the Ring 5, a smart ring that is 40% smaller than its predecessor and, at 6.09mm wide and 2.29mm thick, is the smallest smart ring on the market. The ring weighs as little as 2 grams depending on size, down from the Ring 4’s 7.99mm width and 2.88mm thickness. Despite the shrinkage, […]
Wix is laying off approximately 1,000 employees, roughly 20% of its workforce, in the largest round of cuts in the company’s history. CEO and co-founder Avishai Abrahami announced the decision on 28 May in a message posted publicly on X and sent simultaneously to all staff. He framed the restructuring as a company-wide change driven by two […]
Meta’s $7.99-and-$19.99 chatbot tiers and OpenAI’s push into advertising mark the moment the AI revenue-model question becomes a cross-cutting collision. Meta’s decision to begin selling consumer subscriptions to its Meta AI chatbot at $7.99 and $19.99 a month, announced on Tuesday, lands at exactly the moment OpenAI and xAI are visibly moving the other way: into […]
Three days after the Vatican called for AI to be ‘disarmed’, the Mistral CEO defended his company’s defence-AI work, arguing Europe cannot afford unilateral restraint. Arthur Mensch, the chief executive of French AI startup Mistral, pushed back directly on Thursday against Pope Leo XIV’s call to “disarm AI,” arguing that European companies cannot afford to […]
