The Verge AI·
There is a harsh truth about Elon Musk's "truth-seeking" AI chatbot Grok: It's not very good, and not many people are using it. That's the takeaway of a new Reuters report, which found that Grok barely appears in federal records of how the US government used AI last year. It's not the only sign xAI's signature chatbot is in trouble, even as Musk puts it at the heart of what could be the biggest IPO in history. Reuters reviewed more than 400 examples of government AI use where specific vendors were named. Grok or xAI, it found, appeared in only three - each of those for basic uses like document drafting or social media management, and always … Read the full story at The Verge.
Read full articleThe relaxation of listing rules to attract IPOs may compromise market stability, posing risks to investors and challenging regulatory oversight. The post NYSE Group president Lynn Martin questions integrity of rule changes to attract listings appeared first on Crypto Briefing.
The SpaceX S-1 is finally here, and the story it tells goes way further than rockets. The filing runs to 36 pages of risk factors alone, and the numbers inside match the ambition: a $28 trillion total addressable market, a pay package tied to establishing a Mars colony, and a valuation target that would make it the largest IPO in American […]
SpaceX's potential IPO could significantly influence market dynamics, investor strategies, and regulatory landscapes, shaping future tech valuations. The post SpaceX nears $1.8T IPO as market confidence grows appeared first on Crypto Briefing.
Harbor Capital is trying to slice the AI boom into lab-branded trades, filing for a suite of active “Lab ETFs” tied to Anthropic, DeepMind, Meta, OpenAI and xAI ecosystems. Harbor Capital has filed for five actively managed “Lab ETFs” that…
SpaceX’s IPO could turn the Mag 7 into a Mag 8, with Tesla and SpaceX comprising 25% of the group's Bitcoin balance-sheet exposure.
Bitget launched SPCXUSDT, a SpaceX-linked pre-IPO perpetual with 5x leverage, as crypto venues race to price the possible IPO early now.
Micron's AI-driven growth faces potential risks as increased industry capex may lead to oversupply, impacting future pricing power. The post Micron Technology rides the AI memory supercycle, but Reuters says the party might be over for latecomers appeared first on Crypto Briefing.
IPO filing from Elon Musk’s company reveals closer look at finances, cosmic ambitions and tech empire’s quirks SpaceX publicly released an investor prospectus on Wednesday as part of its plan for a $1.75tn debut on the US stock market next month, revealing unseen details about the finances and future plans of Elon Musk’s flagship company. In addition to new information on operating costs and revenue, the filing also included trademark Muskian sweeping proclamations about the universe and insights into some of the quirks of his tech empire. Scattered throughout the 300-plus-page prospectus are several disclosures and risk warnings that show the eccentricities of Musk’s company and its cosmic ambitions. Other financial details in the document highlight how interdependent Musk’s various businesses have become and the risks that they carry. Continue reading...
