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Jensen Huang says he has discovered a ‘completely new’ $200 billion market for NVIDIA
Nvidia founder and CEO Jensen Huang is perhaps one of the greatest corporate hype men of all time when it comes to his own company. He may even surpass Salesforce’s Marc Benioff when it comes to unrelenting optimism about the company’s future and profits. Still, he delivers on the hype every quarter. Instead of warning […]
Anthropic announces first profitable quarter coming soon
The Wall Street Journal reported that Anthropic told investors that its revenue more than doubled to about $10.9 billion in the second quarter, marking its first operating profit. This is a major milestone and rapid quarter-over-quarter growth that puts the company in a favorable position compared to its main competitor, OpenAI. However, WSJ reports that […]
SpaceX’s IPO filing is packed with AI bets, starship dreams and Elon Musk at the center of it all
SpaceX, the aerospace company founded by Elon Musk 24 years ago, has finally released its IPO filing. If the company goes public, Mr. Musk will play a central role in the company as CEO, CTO, and chairman of the board. The large number of applications, filed after the market closed on Wednesday, shows that the […]
xAI spent $6.4 billion last year — SpaceX’s IPO filing shows why the spending isn’t over yet
SpaceX’s IPO filing says Elon Musk’s xAI had just $3.2 billion in revenue in 2025 and lost $6.4 billion from its operations. And losses are expected to widen further. SpaceX’s filing reveals plans to scale Grok to “trillions of parameters,” which will likely require significant additional computing spending. Elon Musk announced in February that he […]
Nvidia sets new quarterly record, reveals $43 billion in startup holdings
Nvidia announced new record earnings after the market closed on Wednesday, reporting financial results for the quarter ending April 26. During that three-month period, the company brought in $81.6 billion in revenue (up 20% from the previous quarter), with record data center revenue of $75.2 billion. Using the proceeds, the company authorized $80 billion in […]
Anthropic will pay xAI $1.25 billion per month in compute fees
Earlier this month, Anthropic surprised the AI world by signing a deal to buy 300 megawatts worth of computing. This secures the entire output of the Colossus 1 data center near Memphis, Tennessee. As it turns out, computing at this scale doesn’t come cheap. Anthropic plans to pay xAI $1.25 billion per month through May […]
Sam Altman presents ‘mic drop’ offer to all Y Combinator startups
During Tuesday night’s Y Combinator event, Sam Altman had what YC partner Tyler Bosmeny called a “mic drop moment.” Altman provided $2 million worth of OpenAI tokens to all startups in the current class in exchange for startup equity. In other words, he promised that OpenAI would invest across the class, not with cash, but […]
Following the lead of the US, the global EV market will become K-shaped
Is the current state of the electric car market all that doom and gloom? That’s a very American problem. The rest of the world isn’t getting enough EVs, according to a new report from the International Energy Agency. Last year, EV sales exceeded 20 million units, capturing 25% of the global market. Growth is highest […]
OpenAI races toward possible IPO in September
A day after Elon Musk lost a lawsuit that threatened OpenAI’s organization, leadership and finances, the AI giant is ready to move forward with an initial public offering, people told The Wall Street Journal. OpenAI CEO Sam Altman reportedly hopes his company will be ready for an initial public offering by September. ChatGPT makers are […]