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16 articles

·TechCrunch

SpaceX IPO: Live updates on everything you need to know

TechCrunch is compiling live coverage around a potential SpaceX IPO, drawing on its long-running reporting on the company’s evolution. The package will examine S-1 filings, pre-IPO...

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·TechCrunch

Meta’s months-old AI unit is a soul-crushing gulag, say the engineers stuck inside it

A Wired report says Meta’s three-month-old Applied AI group, with about 6,500 engineers and product managers, is facing deep employee frustration after many workers were reassigned...

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·TechCrunch

Chinese cybercrime operation that used AI to scam ‘hundreds of thousands of victims’ sued by Google

Google sued a group it calls Outsider Enterprise, alleging the China-based cybercrime operation used AI-generated messages to run large-scale scams. The company says the group sent...

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·TechCrunch

SpaceX IPO closes up 19% and delivers the world’s first trillionaire

SpaceX closed its first trading day up 19% at $160.95 after pricing its IPO at $135, briefly hitting $176 and nearing a $2.3T market cap. Demand was fueled by an oversubscribed off...

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·TechCrunch

SpaceX president Gwynne Shotwell just gave another hint at a Tesla merger

SpaceX president Gwynne Shotwell told CNBC that a merger with Tesla “might make Elon’s life a little easier,” adding fuel to speculation ahead of SpaceX’s expected blockbuster IPO....

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·TechCrunch

SpaceX officially prices shares at $135 in the largest IPO ever

SpaceX said it raised $75B by selling 555.6M shares at $135 each ahead of Nasdaq trading under the SPCX ticker, surpassing Saudi Aramco’s record IPO. Demand was reportedly four tim...

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·TechCrunch

Oracle warns of security bug that hackers abused to breach 100+ companies

Oracle disclosed a security flaw that a cybercrime group claims it is exploiting in a mass-hacking campaign. Google said it alerted more than 100 organizations with potentially vul...

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·TechCrunch

SpaceX SPV investors won’t know their true holdings until post-IPO lock-ups lift

The article says lower-tier investors in SpaceX special purpose vehicles may not know their true holdings until after the company goes public and IPO lock-up periods end. It warns...

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·TechCrunch

Bluesky launches group chats, as company shifts focus to community features

Bluesky has launched group chats as part of a broader push toward features designed for smaller communities. The update signals the company is expanding beyond public posting into...

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·TechCrunch

Meta’s Edits app is getting an AI assistant and a desktop version

Meta is adding an AI assistant and a desktop version to Edits, its video creation app for Instagram creators. The move is aimed at making Edits more useful across workflows and kee...

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·TechCrunch

xAI fired an engineer who raised alarms about Grok safety, new lawsuit claims

A former xAI engineer has sued xAI and SpaceX, claiming he was terminated for raising AI safety concerns about Grok. The lawsuit alleges the firing occurred just days before SpaceX...

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·TechCrunch

Why Andrew Yang is building instead of waiting for Washington

The article revisits Andrew Yang’s 2020 warnings that automation and AI could weaken the labor market and concentrate wealth, ideas that were once viewed as fringe. It notes that p...

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·TechCrunch

Cybercriminals claim breach of Oracle PeopleSoft servers at 100-plus organizations

The ShinyHunters hacking group says it compromised Oracle PeopleSoft servers at over 100 organizations, with universities reportedly among the victims. Details about the affected e...

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·TechCrunch

Everyone wants a piece of Tesla’s battery business

Rising electricity needs from AI data centers are accelerating interest in large-scale battery storage. Tesla’s energy business is attracting competition as automakers like GM and...

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·TechCrunch

Fresh off bond sale, Amazon borrows $17.5B from banks as AI spending continues

Amazon has arranged a $17.5 billion delayed-draw term loan from major banks including Citigroup, JPMorgan Chase, Wells Fargo, HSBC, and BofA Securities. Combined with a reported $1...

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·TechCrunch

How Justin Ernest invested nearly $400M into hot startups without a traditional VC fund

Justin Ernest built Sabertooth VC around a captive network of limited partners rather than spending a year raising a conventional venture fund. That structure let him deploy nearly...

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