Latest updates from the AI industry
Eco Wave Power Global AB (publ) (NASDAQ: WAVE), a leading onshore wave energy technology company, today (June 2) announced that its technology was featured for the second time in an NVIDIA GTC ke. . .
Explore NFTs in the NFT market with utility NFTs, NFT memberships, and gaming trends that still create strong income opportunities for beginners in 2026.
Built to tackle one of marketing's most expensive problems, Deece's AI-powered platform helps marketers create stronger briefs, align agency partners, and improve campaign effectiveness. DUBAI, UAE, June 3, 2026 /PRNewswire/ -- Deece, a marketing technology startup, has developed a...
The senator said the institution prepares students for careers in artificial intelligence, healthcare management and other high-demand sectors.
After a national search, John Papapolymerou has been recommended as dean of the College of Engineering at Michigan State University, effective June 1, 2026.
NEW YORK: In a surprise move ahead of its investor roadshow, Elon Musk's SpaceX plans to fix its IPO price at $135 per share to raise a record-setting $75 billion, according to a source familiar with the matter. The rocket and satellite communications company plans to sell 555.6 million shares, the source said. It is aiming for a valuation of $1.75 trillion, two other people said. The listing leads a wave of high-profile private companies preparing to test public markets after years of muted large-cap IPO activity, with SpaceX expected to be followed by artificial intelligence giants OpenAI and Anthropic. SpaceX aims to set records and break tradition with the public offering. A fixed price ahead of presentations to investors and bookbuilding is highly unusual. Companies planning to go public typically set a price range to frame valuation expectations and allow pricing to be adjusted based on investor demand. Strong demand can push the final price to the top of the range, or above it, ahead of the market debut. SpaceX's roadshow begins on Thursday. It earlier held some "testing the waters" meetings with investors. MISSION: MARS AND SPACE DATA CENTERS Musk has rewritten the IPO playbook for SpaceX in many other ways, from planning to give retail investors a larger role in allocations to pushing for early index inclusion, and structuring governance to preserve strong founder control. The company's valuation relies on SpaceX dominating technologies and markets that do not yet exist - from Mars missions to AI data centers in space. Reuters previously reported that the company is considering allocating as much as 30% of the offering to individual investors, an unusually large retail tranche aimed at tapping into Musk's cult-like following and broadening ownership of the company. The IPO is expected to be structured as an all-primary offering, meaning all proceeds would go to the company and existing SpaceX shareholders will not be able to sell any of their shares in the IPO, the sources said. Musk will be required to hold his SpaceX shares for 366 days after the IPO, one of the sources said, a signal to investors of his commitment to the company. Proceeds of the IPO will be used for purposes including expanding AI computing resources and SpaceX's satellite network, the source added. SpaceX merged with Musk's AI startup xAI earlier this year in a deal that valued the rocket company at $1 trillion and the developer of the Grok AI chatbot at $250 billion. The company has no direct peers, making valuing the company subject to interpretation. Morningstar placed a $780 billion price tag on SpaceX, 48% below its current private-market valuation, according to a June 1 research note. Most of that comes from its Starlink satellite communications business, which drove most of its revenue, profits and growth last year. SpaceX, however, has tied most of its growth prospects to AI, and its plans rely on yet-to-be-built technologies for a significant portion of future revenue, including solar-powered data centers in space, as it targets a potential $28.5 trillion market, Reuters previously reported. At a $1.75 trillion valuation with the company booking revenue of $18.67 billion in 2025, SpaceX would trade at a trailing price-to-revenue multiple of 93.7 times. On the same basis, space company Rocket Lab is trading on a multiple of 118, data analytics firm Palantir Technologies at 81, and Tesla at nearly 17. SpaceX cannot be evaluated on a price-to-earnings basis as it reported a net loss last year. MEGA IPO WAVE The listing is expected to kick off a wave of mega IPOs, with SpaceX, OpenAI and Anthropic together poised to add almost $4 trillion in market capitalization to public markets and intensify competition for investor dollars. For many investors, the bet is as much on Musk as on SpaceX. His track record at electric-vehicle company Tesla and his ability to galvanize retail traders could likewise spur strong demand for shares, as his reputation has done for past ventures. Still, two of SpaceX's three businesses are burning cash, with only its connectivity segment, home to the Starlink satellite constellation, generating profits and widely viewed as the company's cash cow. SpaceX revenue rose to $4.69 billion in the three months ended March 31 from $4.07 billion a year ago. Losses widened to $1.27 per share versus 18 cents per share over the same period. In 2025, it swung to a net loss of $4.94 billion from a profit of $791 million. Since a large part of SpaceX's pitch to investors hinges on Musk, some corporate governance concerns could give investors pause, experts have said. Measures, including a dual-class share structure laid out in the IPO prospectus, concentrate voting power in the hands of Musk and a small group of insiders. SpaceX is aiming to trade on the Nasdaq under the ticker symbol "SPCX." The debut is expected on June 12, two of the sources said. Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup and J.P. Morgan are the joint book-running managers for the offering, leading a syndicate of global investment banks underwriting the deal.
Lai was implicitly referring to the threat of invasion from China, which views democratically governed Taiwan as its own territory.
Artificial intelligence is being used to listen for leaks in a pilot scheme across the region.
Artificial intelligence was the focus of a recent Hexham event exploring the opportunities and risks of emerging technology.
Environmental groups and non-governmental organisations (NGOs) are accusing major artificial intelligence companies behind the likes of Copilot, Gemini and ChatGPT of a "climate hoax" in glossing over the environmental impact of their services.
New Delhi, June 3 (SocialNews.XYZ) India’s three leading IT services providers -- Infosys, TCS and Wipro -- have collectively expanded deployment of '365 Copilot' to more than 3 lakh employees within six months, marking one... The post TCS, Infosys, Wipro cross 3 lakh Microsoft’s Copilot users in major AI push appeared first on Social News XYZ .
The staff exhausted the company's entire annual AI budget in just four months.
The order establishes a framework for the federal government to vet the national security risks of the most advanced AI systems for up to a month before their public release. Participation by AI developers would be voluntary, the order says. The post Trump sets new rules for evaluating national security threats from AI appeared first on Connected to India News I Singapore l UAE l UK l USA l NRI .
In a surprise move ahead of its investor roadshow, Elon Musk’s SpaceX plans to fix its IPO price at $135 per share to raise a record-setting $75 billion, according to a source familiar with the matter. The rocket and satellite communications company plans to sell 555.6 million shares, the source said. It is aiming for a valuation of $1.75 trillion, two other people said. The listing leads a wave of high-profile private companies preparing to test public markets after years of muted large-cap IPO activity, with SpaceX expected to be followed by artificial intelligence giants OpenAI and Anthropic. SpaceX aims to set records and break tradition with the public offering. A fixed price ahead of presentations to investors and bookbuilding is highly unusual. Companies planning to go public typically set a price range to frame valuation expectations and allow pricing to be adjusted based on investor demand. Strong demand can push the final price to the top of the range, or above it, ahead of the market debut. SpaceX’s roadshow begins on Thursday. It earlier held some “testing the waters” meetings with investors. Mission: Mars and space data centres Musk has rewritten the IPO playbook for SpaceX in many other ways, from planning to give retail investors a larger role in allocations to pushing for early index inclusion, and structuring governance to preserve strong founder control. Advertisement · Scroll to continue The company’s valuation relies on SpaceX dominating technologies and markets that do not yet exist – from Mars missions to AI data centres in space. Reuters previously reported that the company is considering allocating as much as 30% of the offering to individual investors, an unusually large retail tranche aimed at tapping into Musk’s cult-like following and broadening ownership of the company. The IPO is expected to be structured as an all-primary offering, meaning all proceeds would go to the company, and existing SpaceX shareholders will not be able to sell any of their shares in the IPO, the sources said. Musk will be required to hold his SpaceX shares for 366 days after the IPO, one of the sources said, a signal to investors of his commitment to the company. Proceeds of the IPO will be used for purposes including expanding AI computing resources and SpaceX’s satellite network, the source added. SpaceX merged with Musk’s AI startup xAI earlier this year in a deal that valued the rocket company at $1 trillion and the developer of the Grok AI chatbot at $250 billion. The company has no direct peers, making valuing the company subject to interpretation. Morningstar placed a $780 billion price tag on SpaceX, 48% below its current private-market valuation, according to a June 1 research note. Most of that comes from its Starlink satellite communications business, which drove most of its revenue, profits and growth last year. SpaceX, however, has tied most of its growth prospects to AI, and its plans rely on yet-to-be-built technologies for a significant portion of future revenue, including solar-powered data centres in space, as it targets a potential $28.5 trillion market, Reuters previously reported. At a $1.75 trillion valuation with the company booking revenue of $18.67 billion in 2025, SpaceX would trade at a trailing price-to-revenue multiple of 93.7 times. On the same basis, space company Rocket Lab is trading on a multiple of 118, data analytics firm Palantir Technologies at 81, and Tesla at nearly 17. SpaceX cannot be evaluated on a price-to-earnings basis as it reported a net loss last year. Mega IPO wave The listing is expected to kick off a wave of mega IPOs, with SpaceX, OpenAI and Anthropic together poised to add almost $4 trillion in market capitalisation to public markets and intensify competition for investor dollars. For many investors, the bet is as much on Musk as on SpaceX. His track record at electric-vehicle company Tesla and his ability to galvanise retail traders could likewise spur strong demand for shares, as his reputation has done for past ventures. Still, two of SpaceX’s three businesses are burning cash, with only its connectivity segment, home to the Starlink satellite constellation, generating profits and widely viewed as the company’s cash cow. SpaceX revenue rose to $4.69 billion in the three months ended March 31 from $4.07 billion a year ago. Losses widened to $1.27 per share versus 18 cents per share over the same period. In 2025, it swung to a net loss of $4.94 billion from a profit of $791 million. Since a large part of SpaceX’s pitch to investors hinges on Musk, some corporate governance concerns could give investors pause, experts have said. Measures, including a dual-class share structure laid out in the IPO prospectus, concentrate voting power in the hands of Musk and a small group of insiders. SpaceX is aiming to trade on the Nasdaq under the ticker symbol “SPCX.” The debut is expected on June 12, two of the sources said. Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup and J.P. Morgan are the joint book-running managers for the offering, leading a syndicate of global investment banks underwriting the deal.
Trump signs an executive order that invites vetting of top AI models for national security risks
Microsoft is making Azure‐hosted AI agents a core enterprise cloud service, adding secure, scalable tools for building, orchestrating, and governing production‐grade AI workflows across business applications.
US judge rules Musk's Tesla and SpaceX emails are discoverable in Apple-OpenAI lawsuit, escalating xAI's legal discovery dispute.
Use in Australia has jumped sixfold since January, with half of Codex activity now coming from marketers, analysts and other non-technical staff.
Use in Australia has jumped sixfold since January, with half of Codex activity now coming from marketers, analysts and other non-technical staff.
Use in Australia has jumped sixfold since January, with half of Codex activity now coming from marketers, analysts and other non-technical staff.
Empty Waymo vehicles swarm Atlanta neighborhood Atlanta residents captured alarming video of dozens of Waymo driverless cars continually circling their quiet neighborhood for hours. Tech expert Kurt Knutsson warns this ‘AI takeover’ raises significant safety concerns, especially for children, highlighting a critical lack of human intervention and company accountability from Waymo regarding these autonomous vehicles [...] The post Would you ride in Waymo’s new Ojai robotaxi? appeared first on News Pub . The post Would you ride in Waymo’s new Ojai robotaxi? appeared first on News Pub .
Exclusive-SpaceX plans to set IPO price at $135 per share, targeting $75 billion raise, source says
The original draft called for up to 90 days of pre-release government access, while tech companies had pushed to cut that figure to just 14 days.
WASHINGTON, June 3 — US President Donald Trump yesterday signed an executive order creating a voluntary framework...
BlackBerry surged 8.53% after hours as FedRAMP recertification, director DSU purchases and strong momentum fueled investor interest. Importance Rank: 1 read more
The co-founder of Aspiration, Joseph Sanberg, was sentenced to 14 years in prison on Monday after defrauding investors and lenders of over $248 million. The startup, an eco-friendly digital banking company boasting fossil fuel-free investments, carbon offsets for gas purchases, and a debit card with cash-back benefits for shopping at clean companies, was founded by [...] The post Aspiration co-founder sentenced to 14 years for fraud appeared first on News Pub . The post Aspiration co-founder sentenced to 14 years for fraud appeared first on News Pub .
Demand is rising as businesses seek AI that can work on governed data without moving sensitive information out of Snowflake.
Demand is rising as businesses seek AI that can work on governed data without moving sensitive information out of Snowflake.
Demand is rising as businesses seek AI that can work on governed data without moving sensitive information out of Snowflake.
Demand is rising as businesses seek AI that can work on governed data without moving sensitive information out of Snowflake.
Demand is rising as businesses seek AI that can work on governed data without moving sensitive information out of Snowflake.
Demand is rising as businesses seek AI that can work on governed data without moving sensitive information out of Snowflake.
Demand is rising as businesses seek AI that can work on governed data without moving sensitive information out of Snowflake.
The shift from blue links to AI-powered search results is forcing advertisers to rethink SEO, while uncertainty grows over the future of online advertising
India's ambition to build and export a sovereign AI template across the world is colliding with various structural constraints
Microsoft Build 2026: New homegrown AI models, always-on agent, Project Solara and other key announcements
It seems that OpenAI can’t catch a break. The maker of ChatGPT and its controversial CEO, Sam Altman, remain in the headlines for another contentious reason – a lawsuit from the Florida Attorney General James Uthmeier. The lawsuit, which is said to be the first of its kind and seen as one of the most aggressive legal actions taken by a government agency against an AI company, accuses OpenAI and Altman of concealing catastrophic safety risks from the public and prioritising profits over public safety.
OpenAI is expanding the functionality of its artificial intelligence coding agent for a number of professions beyond software engineering, a bid to compete with rivals such as Anthropic PBC in signing up more business customers.
Elon Musk's SpaceX plans to price its initial public offering at US$135 per share, selling 555.6 million shares to raise US$75 billion in the largest IPO ever, a source familiar with the matter told Reuters.
Bitwise investment chief Matt Hougan says crypto is shifting from a momentum trade to a contrarian bet as AI stocks and regulatory uncertainty weigh on markets.
Uber has set a $1,500 monthly spending limit for employees using AI coding tools like Claude Code and Cursor to control its AI costs
The headline launch was MAI-Thinking-1, Microsoft's first advanced reasoning-focused AI model designed for complex enterprise and software engineering tasks.
Microsoft Build 2026: The biggest news from the developer conference in an easy-to-digest, easy-to-skim list.
While AI bots like ChatGPT or Copilot are only visible to the user, the new tool, dubbed Scout, will appear on internal email and calendar systems as if it were just another helpful employee
The biggest AI developments, decoded. 03 June 2026.
SAN FRANCISCO--Microsoft on Tuesday announced a sweeping slate of AI initiatives, from autonomous workplace assistants and gadgets to Nvidia-powered PCs and a new in-house reasoning model, in a push to move beyond apps and remake computing around AI.
From Project Solara to MAI Thinking-1, Microsoft revealed five major AI announcements at Build 2026 as it ramps up competition with OpenAI and Anthropic.
Taipei—The COMPUTEX 2026 show floor, which opened on June 2, was once again dominated by artificial intelligence. But the shift felt on the ground was not simply about more powerful AI chips or larger data centers. The center of gravity is moving toward Physical AI, where artificial intelligence sen
The initiative is expected to nurture a startup culture, expand research in emerging technologies, and enhance global employment prospects.