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June 12, 2026, 3:25 PM
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Mediagazer
memeorandum
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| Alex Harring / CNBC: |
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 …
More: Paul Krugman, Business Insider, International Business Times, CNBC, Breitbart, The Information, Reuters, TechCrunch, Associated Press, Wall Street Journal, New York Times, Yahoo Finance, Mashable, TechSpot, The Daily Caller, TechCrunch, Forbes, Gizmodo, Via Satellite, Global Banking & …, New York Times, Tech Times, Newser, Benzinga, RTÉ, Bloomberg, CoinDesk, Mediaite, Mercury News, SiliconANGLE, NBC News, Deseret News, The Next Web, The Independent, New York Post, ZeroHedge News, and Motley Fool
X: @rakeshsfnyc, @danprimack, @karpathy, @jessicalessin, @mikeisaac, @willoremus, @mikeisaac, @mikeisaac, @yuchenj_uw, @levie, @teslaownerssv, @bizcarson, @binarybits, @sriramk, and @danprimack
LinkedIn: Charles M. C. Lee and Jamie Kitman. Bluesky: @a4xrbj1. Threads: @carnage4life. Mastodon: @AkaSci@fosstodon.org
| Reuters: |
SpaceX's trading debut is a test of the “Musk premium”, the force behind Tesla's $1T+ valuation, and a gauge of investor appetite ahead of upcoming AI-tied IPOs — SpaceX (SPCX.O) is set to begin trading on Nasdaq on Friday after investors poured $75 billion into the world's biggest IPO ever …
More: Nasdaq, Business Insider, CNBC, CBC News, That Eric Alper, The Daily Wire, Honolulu Star-Advertiser, Washington Post, Dallas Express, Benzinga, Daily Sabah, The Register, Bloomberg, Yahoo Finance, CoinDesk, Zeteo, Forbes, Inc.com, and Fortune. Bluesky: @westernbirding.com
| Edward Ludlow / Bloomberg: |
Sources: SpaceX decided to rent its Colossus 1 data center to Anthropic after internal teams struggled to use it for Grok development due to latency issues — - Musk's firm struggled with latency issues with Colossus 1 — SpaceX has made AI infrastructure a key part of its IPO pitch
Bluesky: @krisarmstrong1 and @clemens.vasters.com
| Cecilia Kang / New York Times: |
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| Luc Cohen / Reuters: |
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.
More: Associated Press, Engadget, Reuters, Decrypt, Benzinga, Financial Times, CoinDesk, Courthouse News Service, UPI, Washington Examiner, The Block, Politico, The Crypto Times, NullTX, crypto.news, Blockonomi, CoinGape, Bitcoin Magazine, Cointelegraph, Protos, Forbes, Bloomberg, Mediaite, The Gateway Pundit, and Memeburn. Forums: Slashdot
| Aaron Holmes / The Information: |
Sources: Microsoft considered spinning out or restructuring its Xbox unit as a wholly-owned subsidiary, or creating a joint venture with other partners — As Microsoft gets ready to overhaul its struggling Xbox gaming unit, it hasn't ruled out spinning out or restructuring the unit …
More: GamesIndustry.biz, The American Bazaar, Tech Times, Daily Mail, and Spyglass
X: @aaronpholmes and @aaronpholmes
| Christopher Dring / The Game Business: |
More: Windows Central, Gizmodo, Comic Book, Notebookcheck, Gameranx, Game Sandwich, Tech4Gamers, PC Gamer, and Kotaku
X: @shinobi602, @kotaku, @gameoverthirty, and @ashenone_vi
Bluesky: @danhon.com and @klobrille
Forums: r/windowscentral, r/gaming, r/LastStandMedia, r/Games, r/PS5, and r/xbox
| Wall Street Journal: |
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
More: New Republic, Business Insider, Fierce Network, Euronews, Semafor, Understanding AI, Decrypt, and Mashable. Bluesky: @carlquintanilla
| Lorenzo Franceschi-Bicchierai / TechCrunch: |
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 … | Maxwell Zeff / Wired: |
A profile of former Google DeepMind employee Thibault Sottiaux, now OpenAI's head of core products tasked with combining ChatGPT and Codex into a super app — Thibault Sottiaux helped make AI coding one of OpenAI's fastest-growing businesses. Now he's overseeing a sweeping overhaul of ChatGPT.
More: Business Today and The Decoder
| Seth Fiegerman / Bloomberg: |
More: OpenAI, The Decoder, TechRadar, Forbes, XDA Developers, Techstrong.ai, WinCentral, Neowin, Blockonomi, Digit, DigiTimes, SiliconANGLE, Benzinga, MarketWatch, International Business Times, PYMNTS, The Tech Portal, Yahoo Finance, The Economic Times, and CNBC
X: @gdb and @openainewsroom
LinkedIn: Wissam Nasreddine, Joseph Coakley, and Sarah Friar
| The Information: |
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 … | Bloomberg: |
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 …
More: TechCrunch, The Tech Portal, Sifted, The Next Web, and The Decoder
| Jyoti Mann / The Information: |
Staff memo: Meta plans to limit employee token usage and encourage employees to use MetaCode, after internal AI spending forecasts reached billions for 2026 — Meta Platforms plans to clamp down on skyrocketing AI costs inside the company by imposing limits on employees' token usage …
X: @amir
| Kayla Cobb / The Wrap: |
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.
More: iPhone in Canada, YouTube Official Blog, Dexerto, Streaming News, and Just Jared. Forums: r/Fauxmoi
| Jaspreet Singh / Reuters: |
Meta's services, including Facebook and Instagram, are recovering after a brief outage that affected thousands of users — Facebook-parent Meta (META.O) said on Friday that users were having trouble accessing the social media company's services. — “We're aware people are currently having trouble accessing our services.
More: Business Insider, 9to5Mac, Breitbart, Moneycontrol, PYMNTS, The National, PCMag, Moneycontrol, The Economic Times, ZDNET, Engadget, The Tech Portal, CTech, The Hill, The Economic Times, CNET, Ynetnews, GMA News Online, Barron's Online, Daily Mail, Detroit Free Press, The Standard, Toronto Star, Livemint, UPI, Android Authority, TechRadar, Hindustan Times, WVUE-TV, Channel NewsAsia, Digit, WTTG-TV, Tom's Guide, The Independent, New York Post, HuffPost, Türkiye Today, Wausau Pilot & Review, Hollywood Life, Scripps News, Mashable, Cyber Security News, Times Now, AsiaOne, The Herald, ndtvprofit.com, LADbible, GB News, Inc, The Mac Observer, Inquirer News, Yahoo Tech, News18, Ukrainian National News, The Express Tribune, PetaPixel, indy100, Lovin Malta, MacRumors, Punch Newspapers, KEYE, El Paso Times, WPXI-TV, and NBC Bay Area
| The Information: |
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 … | FinSMEs: |
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.
More: Current, Coverager, The Next Web, The SaaS News, citybiz, and New York Business Journal
| New York Times: |
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| Kanoko Matsuyama / Bloomberg: |
Memory chipmaker Kioxia replaces Toyota as Japan's largest company by market value; Kioxia's shares surged 7.6% on Friday, lifting its market cap above ~$274B — Memory chipmaker Kioxia Holdings Corp. replaced Toyota Motor Corp. to become Japan's largest company by market value …
More: The Straits Times, Seoul Economic Daily, and Tech in Asia
| Reuters: |
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 …
More: Tom's Hardware, The Information, The Next Web, Benzinga, Blockonomi, and Tech in Asia
| Kenneth Shepard / Kotaku: |
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
More: IGN, Dexerto, Ars Technica, Gameranx, The Guardian, Android Authority, PC Gamer, GoNintendo, and TheGamer
Bluesky: @knoebel and @pokejungle
Forums: Hacker News and Slashdot
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