SpaceX debuts on the Nasdaq at $150, after pricing at $135, making Elon Musk the world's first trillionaire; SPCX is up ~30% intraday, for a ~$2.3T market cap  —  SpaceX shares soared on Friday as trading commenced on the Nasdaq, propelling the rocket company's valuation above $2 trillion …

Google sues Chinese cybercrime network Outsider Enterprise, accusing it of using Gemini to create fake websites and scam hundreds of thousands of Americans  —  Google warned that artificial intelligence had supercharged the problem of online scams.Andria Lo for The New York Times

Meta confirms it is working to fix a widespread outage, starting at 9:20am ET, that is affecting its services, including Facebook and Instagram  —  Facebook-parent Meta (META.O) said on Friday that users were having trouble accessing the social media company's services.

Sam Bankman-Fried loses his bid to overturn his fraud conviction and 25-year prison sentence over the collapse of FTX  —  Sam Bankman-Fried lost on Friday his bid to overturn his fraud conviction and 25-year prison sentence over the collapse of the FTX cryptocurrency exchange he founded.

Companies with rising AI costs are increasingly using tools that tap cheaper models, including some from China, putting pricing pressure on OpenAI and Anthropic  —  Startups and tech giants alike are mixing and matching AI models to avoid the premium prices charged by industry leaders

Oracle warns customers of a critical PeopleSoft flaw after ShinyHunters claimed it breached 100+ organizations that use PeopleSoft; Oracle hasn't issued a patch  —  Oracle warned its corporate customers that there is a critical-rated vulnerability in its PeopleSoft software …

Anthropic is blindsiding its business partners by launching potentially competitive products with little warning, changing its pricing model, lying, and more  —  Weeks before Anthropic in April revealed Claude Design, an AI tool for creating designs and software application prototypes …

MrBeast hits 500M subscribers on YouTube, a record for the platform  —  The creator is the first to ever reach this milestone  —  MrBeast has broken yet another record.  Jimmy Donaldson, aka MrBeast, hit 500 million subscribers on YouTube Friday, becoming the first creator ever to reach that amount.

Q&A with Xbox Chief Strategy Officer Matthew Ball about returning to console-exclusive releases, how using in-game ads could offset development costs, and more  —  ‘If Xbox can turn things around, the whole industry can,’ says Ball  —  Listen now on Apple, Spotify or YouTube

Sources: six months after acquiring Rivos, Meta is struggling to integrate the chip startup and halted development of a chip for training its largest AI models  —  Meta Platforms bought semiconductor startup Rivos last year to accelerate development of in-house chips and reduce its reliance …

Sources: French startup Mistral AI is in talks to raise ~€3B at a ~€20B valuation; it was last valued at €11.7B during a funding round in September 2025  —  French startup Mistral AI is in talks to raise around €3 billion ($3.5 billion) at a valuation of roughly €20 billion …

New York City-based Current, which manages a consumer fintech platform, raised an $80M Series E at a $1.5B valuation led by Springcoast Partners  —  Current, NYC-based provider of a consumer fintech platform, raised $80M in Series E equity financing, at a $1.5 Billion valuation.

Sources: Nvidia has told Chinese clients that its new Vera CPUs for AI data centers could be available as soon as August and that they can begin placing orders  —  Nvidia (NVDA.O) has told Chinese clients that its new “Vera” central processors for AI data centres could be available as soon …

How Chinese manufacturers are dominating the humanoid robot supply chain in pace and price, even as the industry struggles to find a purpose for such robots  —  China's lead in humanoid robots was evident at last month's Humanoids Summit, a robotics conference in Tokyo.Videos by Qilai Shen and Hiroko Masuike

Xiaomi releases MiMo Code V0.1.0, an open-source AI coding assistant that it says outperforms Claude Code on agentic coding and software engineering benchmarks  —  Xiaomi's MiMo AI team has open-sourced MiMo Code V0.1., a terminal-native AI coding assistant that the Chinese electronics giant …

Niantic Spatial says Pokémon Go data is “not part of” its deal with spatial AI company Vantor, after concerns that game data could be used for military drones  —  The company says it no longer receives data from the monster-catching app after Niantic was acquired by Scopely