SpaceX president Gwynne Shotwell will donate a share of SpaceX stock to roughly 2 million children through the Trump Accounts programme, CNBC reports. At around $162 a share, the pledge is worth over $320m. The gift comes from Shotwell’s and her husband’s personal holdings, with extra emphasis on lower-income families near their central Texas home. It makes […]
Klarna wants to be a real American bank. The Swedish BNPL giant has applied for a US banking licence, betting a friendlier Washington will let it crack a market that has bruised European rivals. Klarna has applied to US regulators to set up its own bank, tech.eu reports. The Swedish fintech filed with the Utah […]
Hedge funds cut their holdings of semiconductor stocks for a fourth straight week, according to Goldman Sachs prime brokerage data, in a run of selling that has made chipmakers and their equipment suppliers the most heavily net-sold corner of the US market. The move comes as parts of the AI trade wobble, and it will […]
Tesla’s driverless cabs have reached a fifth US city. This time, there is no human minder in the car at all. The company rolled out its Robotaxi service in part of Miami on Friday, it announced on X. A map in the post showed a small patch of West Miami, well away from the busy […]
The studios suing Midjourney say it trained AI on their characters without permission. Midjourney’s answer: prove you do not do exactly the same thing. The AI image generator wants a US federal judge to intervene. It has asked the court to force the studios suing it to reveal how they use AI internally, Variety reported. […]
Silicon Valley’s wealthiest are spending heavily to stop California’s proposed billionaire tax, according to a Business Insider tally of campaign filings. Opponents have poured more than $120m into sinking or blunting the measure, roughly four times the $31m raised by its union backers. Proposition 40 would impose a one-time 5% tax on residents and trusts worth over […]
Nearly a million people who bought President Donald Trump’s $TRUMP memecoin have collectively lost $3.81 billion, according to an analysis by blockchain analytics firm Nansen. The data, which covers all transactions through the end of June, found that 988,905 of the token’s buyers are underwater. Trump earned $636 million from the same coin. His 927-page financial disclosure, […]
The memory shortage has become a political problem in Washington. Now the chip industry has a message for the Trump administration: leave the market alone, or the squeeze gets worse. The warning came in a letter from SEMI, a semiconductor industry group, to senior US officials. Any attempt to fix the shortage by steering prices […]
The strain inside the AI boom’s biggest infrastructure bet has reached a courtroom. Oracle’s own investors are suing, saying the company hid how shaky its $300bn deal with OpenAI really was. A Michigan public pension fund, the City of Sterling Heights Police & Fire Retirement System, filed the class action on Wednesday in a Tennessee […]
The robot butler has been five years away for about twenty years. Weave Robotics thinks the trick is to aim lower. Its new home robot, Isaac 1, does not walk, has no fingers, and mostly just wants to do your laundry. It also costs a fraction of its humanoid rivals. The Y Combinator-backed startup unveiled […]
