A rally that carried space-related stocks to extraordinary gains this year is showing serious cracks. The Procure Space ETF, which trades under the ticker UFO, has dropped almost 11% in just two sessions. Intuitive Machines and Rocket Lab have each …
Lees meerSalesforce has a stake in Anthropic worth approximately $5 billion after investing repeatedly in the Claude developer since early 2023, Bloomberg reported on Monday. The software company first participated in Anthropic’s fundraising with roughly $50…
Lees meerQuantinuum, the Honeywell-backed quantum computing company, has increased the size of its initial public offering to as much as $1.46 billion after demand from investors far exceeded the original allocation. The company is now offering 26.5 million …
Lees meerAnthropic has confidentially submitted draft registration paperwork for an initial public offering with the Securities and Exchange Commission, the company announced in a blog post on Monday. The number of shares to be offered and the price have not…
Lees meerFlorida has sued OpenAI and CEO Sam Altman in what appears to be the first lawsuit by a US state against the maker of ChatGPT. The civil complaint, filed Monday in state court by Attorney General James Uthmeier, accuses OpenAI of violating product l…
Lees meerThe quantum computing industry has spent the last three years measured almost entirely in qubits. Willow’s 105. Nighthawk’s 120. The 540-qubit superconducting platform that integrated nearly 700 control lines into a single cryostat last year. The qu…
Lees meerSalesforce has signed a definitive agreement to acquire Contentful, the API-first headless content management platform used by more than 4,800 enterprises to deliver digital experiences across web, mobile, and emerging channels. The deal, announced …
Lees meerThe AI boom has created a two-speed startup economy. Companies building on generative AI are raising at historically unprecedented valuations, while startups that last raised capital before ChatGPT launched in November 2022 are watching their worth …
Lees meerAkeso, the Chinese biotechnology company whose drug ivonescimab was dubbed “biotech’s DeepSeek moment” last year, has reported phase three clinical trial results showing a 34% reduction in the risk of death for patients with advanced squamous non-sm…
Lees meerChina’s AI chip industry is no longer trying to build an Nvidia clone. Under sustained US export controls that block access to the most powerful general-purpose GPUs, the country’s largest technology companies are pivoting toward application-specifi…
Lees meerThe dangers of artificial intelligence eclipsed nuclear weapons as the central concern at a strategic stability panel during the Shangri-La Dialogue in Singapore, with senior military officials warning that AI-driven systems are collapsing the time …
Lees meerLG Electronics shares have quadrupled this year. The stock hit its 30% daily limit for a second consecutive session on Monday after reports that LG Group Chair Koo Kwang-mo will meet Nvidia CEO Jensen Huang on 5 June. The meeting will focus on expan…
Lees meerNvidia’s chief executive used the GTC Taipei keynote to declare its next platform shipping and to reveal RTX Spark, an Arm-based Windows machine. Jensen Huang got the keynote slot, as he tends to. Nvidia’s chief executive opened Computex 2026 in Tai…
Lees meerThe Spanish launch firm says it is the first private operator to commit capital at this scale to the historic Guiana spaceport, with a first MIURA 5 flight still slated for 2026. PLD Space is putting €35m into the launch complex it is building at th…
Lees meerVertice has bought Vendr. The London-based AI procurement company announced on Monday that it has acquired the US software-pricing firm, a deal it says creates the world’s largest procurement intelligence dataset by combining the two companies’ data…
Lees meerThe Nvidia-backed AI video firm joins Anthropic and OpenAI in betting on London, citing customers including the BBC, Fremantle and WPP. Runway is making London its European headquarters and has pledged to put more than $200m into the UK’s AI ecosyst…
Lees meerJensen Huang spent a portion of his Computex keynote reading out a guest list. Anthropic, OpenAI, SpaceX and Oracle, the Nvidia chief executive told the audience in Taipei on Monday, are among the first big users of Vera, the company’s new in-house …
Lees meerBeijing’s new framework codifies the technology-tracing approach the NDRC used to unwind Meta’s $2bn Manus acquisition, making cross-border AI deals materially harder. China has formalised a tougher framework for outbound-investment review, codifyin…
Lees meerWhen Apple launched the Apple Watch in 2015, the mid-tier wristwatch market had a handful of dominant companies. Swatch Group sold watches under Tissot, Hamilton, and Longines. Fossil Group sold under Michael Kors, Armani, and Kate Spade. Movado sol…
Lees meerTesla has 42 autonomous vehicles authorised for driverless ridehailing in Texas. Waymo has 577. The figures were published in an online database on 28 May as a new Texas law took effect giving the state greater oversight of commercial driverless veh…
Lees meerLG Electronics shares surged as much as 23.95% after the company announced a range of automotive solutions built on Google’s Android Automotive operating system. The stock last traded at 279,500 won. It was one of the largest single-day moves for th…
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