Bitcoin Firms Lose $62 Billion in Crypto Market Crash
Companies focused on holding Bitcoin have seen their value plummet by $62 billion amid a significant downturn in the cryptocurrency market.
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AI-ranked · refreshes every 5 minSpaceX, mega IPOs blocked from fast S&P 500 entry
S&P Dow Jones Indices will not alter its index rules to grant early entry to mega IPOs, impacting companies like SpaceX.
Apollo drops £1.5bn bid for UK firm Bodycote, may return
Apollo has withdrawn its £1.5bn takeover bid for Bodycote, citing a lack of progress, but has not ruled out making a new offer.
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Goldman Sachs: SpaceX AI revenue to surge 100-fold by 2030
Goldman Sachs forecasts SpaceX's AI revenue to grow 100x by 2030, underpinning a potential $1.78 trillion IPO valuation.
Honeywell-backed Quantinuum raises $1.68 billion in upsized IPO
Quantum computing firm Quantinuum secures $1.68 billion in its IPO, underscoring investor belief in the technology's future potential.
JPMorgan CEO Jamie Dimon to pitch SpaceX IPO to clients
Jamie Dimon intends to pitch the SpaceX IPO to JPMorgan clients, indicating strong interest from major investors in the space exploration company's public offering.
US Officials Explore Taking Financial Stakes in AI Companies
The US government is considering strategic investments in AI firms to influence the industry's development and ensure national interests.
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AIA Group Shares Drop After Report of Suspended Hong Kong Accounts
AIA Group's stock price declined following news that its Hong Kong accounts for mainland Chinese clients have been suspended, impacting its business operations.
Anthropic Warns AI Could Soon Build Its Own Successors, Urges Global Pause
AI startup Anthropic calls for a global pause in development over fears that AI could soon build its own successors, accelerating development beyond human control.
Canada launches $360 million fund to boost domestic AI startups
Canada is investing $360 million in its AI industry through a new fund that will provide capital and equity stakes to nurture national champions.
Trump administration rolls back gun regulations, weakening background checks and allowing mail-order handguns
The Trump administration is significantly deregulating gun sales, making it easier to purchase firearms through mail order and potentially reducing the effectiveness of background checks.
Amazon Engineers Criticize $200 Billion Data Center Spending Amid Layoffs
Amazon engineers are questioning the company's massive data center investments while 30,000 workers have been laid off, highlighting a perceived misallocation of resources.