SpaceX used a $20 billion bridge loan to slash Musk’s debt costs in half, IPO filing reveals
Elon Musk’s strategy of folding his companies into one conglomerate is already paying off. Regulatory documents filed ahead of SpaceX’s historic IPO reveal that the company secured a $20 billion bridge loan from a group of major banks. That loan was used to retire $17.5 billion of high-interest junk debt accumulated by X and xAI. The financial […]<br /> This story continues at The Next Web [...]
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Cerebras Systems, the Silicon Valley chipmaker that built the world's largest commercial AI processor, erupted onto the Nasdaq on Wednesday, opening at $350 per share — nearly double its $185 I [...]
Why prompt debt, retrieval debt, and evaluation debt are quietly reshaping enterprise AI risk
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Orbital AI data centers could work, but they might ruin Earth in the process
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From lab to market: Rose Rock Bridge fast-tracks energy innovation in Tulsa
Presented by Tulsa Innovation LabsAs the global energy system evolves, companies are racing to adopt technologies that can deliver real-world solutions, especially in hard-to-abate industries. Oklahom [...]
Anthropic launches Claude Sonnet 5 at a steep discount to its top model as the company races toward a blockbuster IPO
Anthropic today released Claude Sonnet 5, a new AI model that the company says delivers near-flagship performance at mid-tier prices — a move designed to give cost-conscious enterprise developers ac [...]
What you need to know as Elon Musk's lawsuit against Sam Altman begins
In a few short days, jury selection will begin in the long-awaited Musk v. Altman case. At the end of that process, an Oakland federal court will task nine regular people with deciding if OpenAI defra [...]