Latest Technology News
Elon Musk Merges SpaceX with xAI in $1.25 Trillion All-Stock Deal
Elon Musk is combining SpaceX and xAI, valuing the new entity at $1.25 trillion, as confirmed in a statement on SpaceX's website. This merger unites two major private companies, with SpaceX still planning an IPO later in 2026. The deal aims to integrate AI capabilities into space technology.
Oracle Launches Huge Bond Sale to Raise $45-50 Billion for Cloud Infrastructure
Oracle is initiating a massive bond sale to raise between $45 billion and $50 billion this year through debt and equity for expanding cloud capacity to support AI demands. This financing targets GPU infrastructure amid booming AI needs. Sources highlight Oracle's aggressive push in cloud markets.
Tesla Delivers 100 Megapacks to Cortex 2 AI Datacenter at Giga Texas
Tesla has delivered 100 Megapacks to the Cortex 2 site at Gigafactory Texas, with room for more and the chiller plant's first four fans installed. The AI datacenter for Optimus is on track to operate by summer 2026. Progress supports production ramps for Cybercab and next-gen vehicles.
NVIDIA and Eli Lilly Lead AI Revolution in Drug Discovery
NVIDIA and Eli Lilly are pioneering AI applications in drug discovery, as discussed by Jensen Huang. This highlights AI's potential in healthcare and key industries. Experts note the need for data jumps to validate AI's economic impact.
Tech Stocks Climb on Factory Data but Face AI Spending Reality Check
Technology shares like Samsung extended gains up to 10%, driving market rebounds amid factory data positivity. However, Dow and Nasdaq dropped as investors brace for Big Tech earnings and scrutiny on AI investments. Palantir sparked some tech momentum.
Disney's Parks Division Boosts Earnings Amid Tech Sector Focus
Disney reported record results from its parks division, lifting overall earnings in a Bloomberg Technology update. This contrasts with tech-heavy market movements. The news underscores diversified corporate performances.
CoreWeave Explores GPU Financing via Debt Markets
AI infrastructure firm CoreWeave is seeking debt financing for chips, following deals like Blue Owl and Meta. This reflects broader 'GPU finance' trends in AI supply chains. Bottlenecks in delivering AI capabilities persist despite market euphoria.
Tesla Cortex 2 Chiller Plant Advances with Four Fans Installed
The chiller plant for Tesla's Cortex 2 at Giga Texas now has all four fans and shrouds in place, showing rapid construction progress. This supports the AI datacenter timeline for Optimus training. Additional Megapacks continue to arrive onsite.
SpaceX-xAI Merger Valued at $1.25T Eyes $0.5T IPO Later This Year
The SpaceX-xAI combination is valued at $1.25 trillion, with expectations of a potential $0.5 trillion IPO for SpaceX in 2026. Financial Times reports confirm the all-stock deal. It positions the entity to blend AI data sectors with space ambitions.
Markets Watch Big Tech Earnings Amid AI Bottlenecks and Supply Chain Concerns
Investors anticipate NVIDIA's comments on AI amid Asian market gains and RBA decisions. Supply chain issues from U.S.-China trade deals and AI delivery bottlenecks are key focuses. Tech sectors show early adopter potential in finance and consulting.
Tesla Prepares Materials for Cybercab and 4680 Cell Production Ramp
New materials are being staged at Giga Texas for Cybercab production and the 4680 cell line. This aligns with Cortex 2 datacenter buildout for AI robotics. Drone footage reveals extensive site developments.