A group of California drivers has sued six of the country’s biggest fuel retailers, accusing them of using an artificial-intelligence pricing tool to coordinate the cost of petrol and keep it artificially high. The complaint, filed on 22 June 2026 in f…
OpenAI’s books show zero debt and just $46mn of quarterly capital spending. The catch, reported by The Information: around $665bn of commitments sitting just off the balance sheet, now heading for regulators’ desks. On paper, OpenAI looks like a lean s…
Fresh from a record IPO that helped make Elon Musk a trillionaire, SpaceX is raising at least $20bn in its debut bond sale to bankroll a vast AI build-out. SpaceX is about to do something none of Elon Musk’s companies has done before. It is borrowing m…
The Lime IPO has a price and an anchor investor: Uber, the ride-hailing giant that already owns a chunk of the scooter firm and is now backing its market debut. Lime is going public, and an old backer is helping carry it across the line: Uber. The scoo…
China’s new trade curbs target 56 US companies, from rare-earth miners to drone makers. It is direct retaliation for Washington adding Chinese firms to its military blacklist. China has answered the Pentagon’s blacklist with one of its own. On Monday, …
The Chevron Microsoft gas deal hands the oil major a 20-year contract to power a giant West Texas data centre. For a company that built its AI plans on renewables and nuclear, that is a sharp turn. Chevron will power one of the largest data centres in …
Most of the AI industry is betting that bigger models mean smarter machines. A new startup is betting the opposite. Aether AI, based in San Diego, has raised a $20mn seed round to chase a different idea entirely. Its founder thinks the next leap will n…
AI’s next bottleneck is not the chips. It is the wiring between them. As clusters grow to hundreds of thousands of GPUs, the copper links that shuttle data between them are running out of road. So the industry is racing to move that traffic onto light …
A new book paints an unflattering picture of how Silicon Valley’s most powerful men handled Donald Trump’s return to power. According to its authors, they grovelled. And Trump, they write, mocked them for it behind their backs. The book is “Regime Chan…
Bernie Sanders has turned a talking point into a bill, and it goes further than anything Silicon Valley or the White House has put on the table. On Thursday, the Vermont senator introduced legislation that would hit the largest AI companies with a one-…