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SpaceX Reveals Up to $40 Billion Anthropic Deal—With a Catch

SpaceX Reveals Up to $40 Billion Anthropic Deal—With a Catch

SpaceX’s long-awaited public offering paperwork revealed fresh details about its unlikely partnership with Anthropic that are representative of the overall IPO story for Elon Musk’s company: Enormous potential, with risks everywhere. The company said Anthropic agreed to pay SpaceX $1.25 billion per month to rent capacity from both of its supersized data centers in Memphis, called Colossus and Colossus II. That deal, which would be worth about $40 billion through May 2029, would be one of the...

Intuit Lays Off 17% of Staff as Revenue Growth Sinks to Lowest Level Since 2024

Intuit shares dropped around 14% in extended trading on Wednesday.

Nvidia Projects 95% Sales Growth in the Current Quarter

The AI boom is far from peaking, Nvidia results suggest.

Mercury Hits $5.2 Billion Valuation After Funding Round

Fintech startup Mercury said it raised $200 million at a $5.2 billion valuation.

OpenAI Prepares to File for IPO in Coming Weeks

A filing could put it in line to beat Anthropic to a public listing.

GitHub Says Hackers Breached Company Systems, Stole Data

GitHub said hackers broke into an employee’s device using a vulnerability in an extension to Microsoft's VSCode application.

James Murdoch Buys New York Magazine and Vox Podcasts

Vox Media is splitting into two companies, with web sites such as SB Nation and The Verge becoming part of a new company to be run by company president Ryan Pauley.

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Reporters Cory Weinberg and Katie Roof tell you what’s coming next, who’s winning—and who’s losing—in the high-stakes world of startup investing.

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Meta Begins Cutting 8,000 Jobs

The company has begun notifying 10% of its workforce that they are being laid off.

Sam Altman Offers YC Founders $2 Million in OpenAI Tokens For Equity

OpenAI is dangling the offer to encourage young startups to develop with its models.

Goldman Sachs to Lead SpaceX IPO

The "lead left" position would put Goldman in the driver's seat for what will likely be the largest IPO ever.

What happens when Silicon Valley logs off—the trends, people and companies shaping tech culture.

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Google Unveils New Video Model, Search Upgrades

Tuesday’s announcements highlight where Google is making strides, particularly in multimodal AI and consumer growth, and where it’s playing catch-up, especially on coding.

Andrej Karpathy Joins Anthropic

The famed AI researcher says he wants to get back to R&D.

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