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June 12, 2026, 1:10 PM
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| Alex Harring / CNBC: |
SpaceX makes Nasdaq debut at $150 after pricing its shares at $135, giving it a market cap of $1.9T; Elon Musk becomes the world's first trillionaire — SpaceX shares soared on Friday as trading commenced on the Nasdaq, propelling the rocket company's valuation above $2 trillion, after a record-setting initial public offering.
More: Paul Krugman, TechCrunch, Breitbart, The Information, Reuters, CNBC, Associated Press, TechCrunch, Gizmodo, Wall Street Journal, Benzinga, Washington Examiner, Forbes, The Daily Caller, Yahoo Finance, Global Banking & …, Via Satellite, Newser, New York Times, and Mediaite
X: @mikeisaac, @willoremus, @mikeisaac, @mikeisaac, @yuchenj_uw, @levie, @sriramk, @danprimack, @binarybits, @bizcarson, and @teslaownerssv. LinkedIn: Jamie Kitman. Mastodon: @AkaSci@fosstodon.org
| Reuters: |
SpaceX's trading debut will be a test of the “Musk premium”, the force behind Tesla's $1T+ valuation, and a gauge of investor appetite ahead of upcoming AI 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 …
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| Bailey Lipschultz / Bloomberg: |
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| Bloomberg: |
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| Cecilia Kang / New York Times: |
Google sues Chinese cybercrime network Outsider Enterprise, accusing it of using Gemini AI 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| Jaspreet Singh / Reuters: |
Meta confirms that a widespread outage 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. — “We're aware people are currently having trouble accessing our services.
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| 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.| 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, Fierce Network, Euronews, Understanding AI, and Decrypt. Bluesky: @carlquintanilla
| Lorenzo Franceschi-Bicchierai / TechCrunch: |
Oracle warns customers of a critical PeopleSoft flaw after ShinyHunters claimed breaches of 100+ organizations using PeopleSoft; Oracle has not issued a patch — Oracle warned its corporate customers that there is a critical-rated vulnerability in its PeopleSoft software … | 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 … | Christopher Dring / The Game Business: |
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
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Bluesky: @danhon.com and @klobrille
Forums: r/windowscentral, r/gaming, r/LastStandMedia, r/Games, r/PS5, and r/xbox
| 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.| 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: Sifted, The Next Web, and The Decoder
| 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, The Next Web, Coverager, and The SaaS News
| 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
Bluesky: @dmnd.me
| Carl Franzen / VentureBeat: |
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 …
More: Tech Times, Developer Tech News, GitHub, Xiaomi MiMo, and The Indian Express
X: @xiaomimimo and @_luofuli
| 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
| Christina Kyriasoglou / Bloomberg: |
Infineon plans to open a €5B chip factory in Germany backed by EU subsidies, its largest single investment, on July 2 as Europe seeks to boost chip production — Infineon Technologies AG is preparing to open its largest single investment, a €5 billion ($5.8 billion) … | 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: Dexerto, IGN, Ars Technica, The Guardian, and Gameranx
Bluesky: @knoebel and @pokejungle
Forums: Hacker News and Slashdot
| 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
| 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 … Sponsor Posts
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