Elon Musk to speak at ASML’s virtual technology conference amid employee backlash

ASML's unprecedented valuation underscores Europe's pivotal role in global semiconductor innovation, influencing tech advancements and economic dynamics. The post ASML becomes first European public company valued over $700B appeared first on Crypto Briefing.

Expenditure is growing fast and consumer take-up accelerating. But alarm bells are sounding The race is very much on. Elon Musk’s SpaceX, which makes AI models as well as space rockets, announced last week it is seeking a $1.77tn (£1.31tn) valuation on the US stock market while Anthropic, the startup behind the Claude chatbot, said it had filed for an initial public offering. OpenAI, the developer of ChatGPT, is expected to follow. This latest peak in the AI market comes amid a multitrillion-dollar spending spree on related infrastructure such as datacentres. Meanwhile, companies are attempting to deploy the technology in a way that makes investing in it worthwhile. Here’s a look at what stage the AI boom is at and six key charts that tell us how we got here. Continue reading...

Musk's Terafab project could revolutionize AI chip production, easing global shortages and boosting ASML's market influence and stock value. The post Elon Musk to pitch SpaceX’s Terafab chip project to ASML employees appeared first on Crypto Briefing.

Bitcoin price performance in June has gotten off to a rocky start, with prices now down 50% from the market’s all-time high. In the last week alone, the premier cryptocurrency has declined by 16%, forcing the price to around $60,000 for the first time since February.  Notably, the heavy market loss has coincided with the dominant Bitcoin treasury Strategy offloading $2.5 million in BTC to manage its balance sheet, despite initial chants of “never sell”. Moreover, the upcoming IPO of Elon Musk’s SpaceX is garnering much momentum as a favorable investment at the moment. Using relevant on-chain data, market analyst Rafael, with the X username n3ocortex, has highlighted a market bottom range amid the current persistent downtrend. Related Reading: Why Did Bitcoin Crash? On-Chain Data Points To One Missing Ingredient Historical Data Supports Potential Dip To $35,000 Before Recovery After failing to break past the $82,000 barrier in early May, Bitcoin slipped into another corrective wave, res

Elon Musk’s rocket company said Google would pay it $920 million a month, as it prepared for its initial public offering.

Agreement comes ahead of a record-breaking initial public offering for Elon Musk’s rockets-to-AI conglomerate

Elon Musk’s rocket company, on the cusp of the largest initial public offering ever, will soon end up in index funds after rule changes by Nasdaq and other index providers.

Jess Asato’s lawyer says others want to take action over demeaning sexualised material created by Grok AI tool New claimants have come forward to take legal action against Elon Musk’s company xAI after the Labour MP Jess Asato launched a test case against the firm over demeaning sexualised material created by its Grok AI tool. A handful of complainants contacted Asato’s lawyer on Thursday in response to coverage of the MP’s decision to sue Musk’s company for damages over its creation and circulation of fake images of her in a bikini and an AI-created video that she said showed her “being chloroformed and prepared for a sexual assault”. Continue reading...