Monday's sales follow a major liquidation last week that was used to fund purchases of SpaceX stock.
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At some point, the speculation behind SpaceX's record-breaking IPO will run out of steam.
Jensen Huang’s company Nvidia makes the computer chips that unleashed a revolution in artificial intelligence. Now he's wagering that an AI buildout can revive U.S. manufacturing, pushing past limits facing science and society. Nvidia is formally unveiling on Tuesday plans for a major upgrade to its AI infrastructure as part of its $2 billion partnership with the factory’s owner, Coherent.
Genesis AI, the French robotics startup backed by former Google CEO Eric Schmidt, unveiled its first general-purpose robot on Tuesday, as AI capabilities expand beyond chatbots and into physical machines. The robot, named Eno, breaks from the humanoid design usually favoured by leading manufacturers, featuring a wheeled base rather than legs, a foldable tower and hands that the company says match the form of a human hand. Founded in early 2025, Genesis AI has raised $105 million (€90.6 million), one of France's largest and matching the record seed round of Mistral AI - Europe's leading AI company.
BANGALORE, June 16 - Indian online grocery retailer Bigbasket on Tuesday appointed Amit Nanda as its CEO, replacing co-founder Hari Menon, who will continue to serve on the board.
SpaceX confirmed on Tuesday that it will acquire Anysphere, the company behind the AI coding tool Cursor, for $60 billion.
SpaceX (SPCX) confirmed on Tuesday that it will acquire Anysphere, the company behind the AI coding tool Cursor, for $60 billion.

<body><p>STORY: From a record-breaking IPO to a far-reaching online ban, this is Tech Weekly. </p><p>:: Tech Weekly</p><p>SpaceX on Thursday priced the biggest-ever U.S. initial public offering, raising a record $75 billion. </p><p>It’s made Elon Musk’s rocket and spacecraft manufacturer one of the world’s most valuable companies.</p><p>Selling 555.56 million shares at $135 apiece, the company was valued at $1.77 trillion. </p><p>Thursday’s pricing supports Musk's most ambitious project yet - even as some analysts question whether its lofty valuation is justified.</p><p>The company said Monday its underwriters had exercised the so-called "greenshoe" option to purchase additional shares.</p><p>Microsoft has been sued by shareholders who say they've been defrauded. </p><p>They’ve said the tech giant inflated its stock price by failing to disclose slowing growth in its Azure cloud business.</p><p>And failing to disclose the need to spend billions of dollars on AI infrastructure. </p><p>The proposed class action, filed Friday, was prompted by Microsoft shares falling 10% on January 29 after an earnings report.</p><p>About $357 billion of market value was erased, and Microsoft's stock suffered its biggest one-day decline in nearly six years.</p><p>Microsoft said on Monday it believes the claims are "without merit”. </p><p>British Prime Minister Keir Starmer said on Monday he would ban social media sites for under-16s..</p><p>And impose restrictions on gaming and livestreaming platforms for the age group. </p><p>This amounts to some of the world's most far-reaching online restrictions, with the ban coming into place by next spring.</p><p>He said this would help protect children online while pushing back against the power of big technology companies.</p><p>"At the moment, strangers can contact any child unchecked. Just think about that. Is there a situation in the offline world where you would just let your child pair up with a stranger, an adult that you don't know anything about?”</p><p>Ford and other automakers are scrambling to obtain U.S. government authorization to continue selling certain models - despite being on the market for years. </p><p>It’s due to a U.S. ban on Chinese-developed and -maintained software in connected vehicles. </p><p>Ford told Reuters it’s asked the U.S. Commerce Department for authorization to continue importing its China-built Lincoln Nautilus SUV.</p><p>And said despite its tech being built in the U.S., its installation in China now requires government approval. </p><p>Lawmakers have proposed making the rules even tougher.</p></body>
The struggling Pizza Hut restaurant chain will be sold for $2.7 billion by parent company Yum Brands. Yum Brands said in February that it was considering selling Pizza Hut and the chain looked to close 250 U.S. restaurants. Pizza Hut was founded in 1958 in Wichita, Kansas.
Cornelis, an Intel spinout developing networking technology aimed at data centers, on Tuesday said that its chips are now being used by a U.S. supercomputer used for nuclear weapons work. Under the National Nuclear Security Administration, a trio of U.S. national labs works to develop and maintain the nation's nuclear weapons with extremely accurate computer simulations of nuclear reactions, one of the most demanding tasks in the entire computing industry. Lawrence Livermore National Laboratory said Tuesday that it has tapped Cornelis chips to connect 952 computers in its new "Lynx" system.
Accenture plc will release earnings for its third quarter before the opening bell on Thursday, June 18. Analysts expect the company to report quarterly earnings of $3.71 per share, up from $3.49 per share in the year-ago period. The consensus...
Quantinuum's arrival on the stock market is separating quantum computing's contenders from its pretenders.
The data-analytics company is pushing further into AI applications for general work as it aims to carve out a place in the artificial-intelligence world.
GateMaker was founded in 2021 by Ashton Wall and Amelia Soohoo and has worked with brands such as Amika, Estee Lauder Companies, Glossier, LG, L'Occitane en Provence, Milk Makeup, NARS, NEST, Pacifica, Rag & Bone, Reebok, Starbucks, and more.
Several high-profile IPOs are boosting investment banking stocks.
(Bloomberg) -- Jensen Huang may see Marvell Technology Inc. as the stock market’s “next trillion-dollar company,” but it’s going to take a lot of growth for the chipmaker to even sniff that lofty level. Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USStudios in Microsoft’s Xbox Division Brace for ClosuresNetanyahu Pays a Political Price for Trump’s Iran DealUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsUS at Odds With Allies Over How Easy It
US equity markets were tracking in the green before the open Tuesday as traders await the Federal Re
Ding, dong and morning, folks Wall Street looks set to catch its breath on Tuesday after a record-setting run, as the giddy reaction to peace with Iran gives way to harder questions about oil and the Federal Reserve. Dow futures ticked up 0.1% after Monday's all-time closing high, with the...
Mobileye Global said on Tuesday it would launch its own robotaxi service in the United States next year, putting the self-driving technology supplier in direct competition with some of the very customers it serves. Increasing investment in driverless technology is ramping up competition as companies pursue greater control over deployment and revenue, reshaping partnerships across the autonomous vehicle sector. Mobileye plans to deploy about 100 vehicles in a major U.S. city starting in 2027, with ambitions to scale the fleet to roughly 17,000 over the next five years.
The acquisition aims to address escalating data centre memory bottlenecks driven by AI and cloud workloads.
(Bloomberg) -- Patrick Drahi was running out of options to save his debt-ridden telecom empire.Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USStudios in Microsoft’s Xbox Division Brace for ClosuresNetanyahu Pays a Political Price for Trump’s Iran DealUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsUS at Odds With Allies Over How Easy It Is to Reopen HormuzCreditors had closed ranks under a cooperation pact, making it difficult for Optimum Comm
(Bloomberg) -- With the recent crackdown on Anthropic, the Trump administration has given global leaders another reason to panic about their place in the technology race.Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USStudios in Microsoft’s Xbox Division Brace for ClosuresNetanyahu Pays a Political Price for Trump’s Iran DealUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsUS at Odds With Allies Over How Easy It Is to Reopen HormuzOn Friday, the
(Bloomberg) -- The transit of empty ships through the Strait of Hormuz into the energy-rich Persian Gulf is being eagerly watched by the market, which would indicate increasing confidence in the outlook for a sustained peace deal.Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USStudios in Microsoft’s Xbox Division Brace for ClosuresNetanyahu Pays a Political Price for Trump’s Iran DealUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsUS at Odds Wi
SpaceX signs $60B all-stock deal to acquire Cursor (Anysphere). Will this AI coding powerhouse merger boosts SPCX & aerospace AI innovation?
Pricing discipline will matter more than policy growth.
Four of the world's major central banks — the US Fed, the Bank of England, the Bank of Japan, and the Reserve Bank of Australia — will all set rates this week.
PARIS, June 16 () - The French domestic intelligence agency DGSI has decided to terminate its contract with the U. tech firm Palantir in favour of a French rival, ChapsVision, Prime Minister Sebastien Lecornu said on Tuesday.
SpaceX (SPCX) allocated at least a single share of its $86.2 billion initial public offering to ever