Billionaires fleeing California’s wealth tax could cost the state more than the levy makes, Stanford economists say
Supporters of California’s proposed billionaire tax say it could raise about $100 billion.But a…
DeepSeek reportedly raises $15B days after US restrictions
Just two days after the U.S. ordered federal civilian agencies to remove DeepSeek's AI…
Elon Musk wants to give every American kid a piece of SpaceX. History shows what happens when millions become shareholders overnight.
Christmas came early: Elon Musk wants American children to own stock in his space…
Tesla stars Optimus robot production in California as profit falls 43%
Tesla's total third-quarter revenue was $28.04 billion, a skosh below the $28.09 billion it…
Meta narrows capex forecast as it leans into the AI agent wars
The company spent $34.91 billion in capital expenditures during the third quarter of 2026.That's…
Meta ordered to pay $25 billion penalty over the Cambridge Analytica case
A New Mexico judge ordered Meta to pay $25 billion over how it handled…
Techies are throwing billions at robots; the ‘hardware tourists’ are piling in
For decades, hardware was a hard sell in Silicon Valley.Now investors are pouring tens…
Infrastructure startup Fireworks AI is in early talks for new funding at a valuation between $30 billion and $40 billion
Fireworks AI is seeking to raise fresh funding at a valuation between $30 billion…
SpaceX’s AI business is beating expectations
SpaceX's data centers and Grok agents were more profitable than investors expected in third…
SpaceX is spending more than ever on AI. Its AI business is also bringing in more than Starlink for the first time.
SpaceX's second-ever earnings report revealed it's spending more than ever on AI — and…
Netflix shares sink on earnings after a dramatic content executive shake-up
Netflix's third-quarter earnings failed to excite investors, a week after a major content executive…
Nscale and Anthropic are reportedly in talks for yet another $45 billion compute deal
Bloomberg reports that the two companies are said to be on the verge of…
Tenstorrent hits $6.2B valuation to scale open-weight AI chips
Tenstorrent, a chip startup focused on inference, has raised $1.5 billion at a $6.2…
Harvard’s bet on SpaceX helped its endowment grow faster than the S&P 500
Harvard University delivered its best investment return in five years as its bet on…
The Treasury just fined BofA $1.2 billion, saying it didn’t report Chinese money laundering networks
The US Treasury Department said it is imposing more than $1.2 billion in penalties…
Meta was prepared to write an up to $200 billion AI check before knowing whether its model would work
Mark Zuckerberg was ready to bet as much as $200 billion on AI, and…
