SpaceX fixes IPO at $135 a share for a $1.75tn valuation and a record listing
SpaceX fixes IPO at $135 a share for a $1.75tn valuation and a record listing

Companies going public almost always leave the price for last. They set a range, send executives on a roadshow, take the temperature of the institutions, and let demand decide where the shares land. SpaceX has decided to do it backwards. The company pl…

Megaport raises A$827M to build a distributed AI cloud and chase the inference market
Megaport raises A$827M to build a distributed AI cloud and chase the inference market

Megaport spent a decade as a company you used to connect to other people’s clouds. On Wednesday it announced a plan to become one. The Australian networking firm secured four new AI infrastructure contracts worth a combined A$458.9M (about $329M) and l…

GitLab to cut 14% of staff and exit 22 countries in ‘agentic era’ restructuring
GitLab to cut 14% of staff and exit 22 countries in ‘agentic era’ restructuring

GitLab is cutting about 14% of its full-time workforce, roughly 350 people, and pulling out of 22 countries, based on their report for the first quarter of the fiscal year 2027,  in which it grew revenue 23% and beat Wall Street’s expectations. The res…

Musk allies back a private-sector DOGE as ex-staffers launch Special
Musk allies back a private-sector DOGE as ex-staffers launch Special

The Department of Government Efficiency is gone, quietly wound down after a year that produced more controversy than confirmed savings. Two of its former staffers have decided the idea was sound and the venue was wrong. On Tuesday they unveiled Special…

Amazon’s Ring is sued over its Familiar Faces facial-recognition feature
Amazon’s Ring is sued over its Familiar Faces facial-recognition feature

mazon was sued on Monday over the facial-recognition feature it recently added to its Ring doorbells, in a complaint that turns on a familiar asymmetry: the person who buys the camera consents to it, and the person walking past the camera does not. Cha…

Meta takes its 13+ teen content settings global across Instagram, Facebook, and Messenger
Meta takes its 13+ teen content settings global across Instagram, Facebook, and Messenger

Meta is taking its “13+” content settings for Teen Accounts global. The company said today that the setting, which it likens to a movie rating, will now apply by default to teenagers across Instagram, Facebook, and Messenger worldwide, extending a syst…

Marvell jumps after Jensen Huang calls it the next trillion-dollar company
Marvell jumps after Jensen Huang calls it the next trillion-dollar company

It took one sentence from Jensen Huang to move tens of billions of dollars. Marvell Technology shares surged about 25% in premarket trading on Tuesday after Nvidia’s chief executive, sharing a Computex stage in Taipei with Marvell boss Matt Murphy, pre…

Microsoft heads into Build with AI everywhere and a paying-customer problem
Microsoft heads into Build with AI everywhere and a paying-customer problem

The company’s developer conference opens in San Francisco with another round of AI tooling expected, against the awkward backdrop of how few people pay for Copilot. Microsoft opened its annual Build developer conference in San Francisco on Tuesday, wit…

WeRide and Uber take their robotaxi partnership to Madrid
WeRide and Uber take their robotaxi partnership to Madrid

The robotaxi map of Europe has been filling in city by city, and on Tuesday Madrid joined it. WeRide and Uber said they will launch what they call Spain’s first commercial robotaxi pilot in the Region of Madrid, with rides bookable through the Uber app…

Jensen Huang says pay workers ‘as much as possible’ days after Nvidia commits 50% of free cash to shareholders
Jensen Huang says pay workers ‘as much as possible’ days after Nvidia commits 50% of free cash to shareholders

Jensen Huang’s comments at Computex defend the Samsung bonus structure that delivers $400,000 to chip engineers, but land alongside an $80bn Nvidia buyback announced two weeks ago. Jensen Huang, the Nvidia chief executive, told reporters on the sidelin…