Author: Editor-In-Chief
Hong Kong — China’s top intelligence agency has come out of the shadows to warn that young people are being tricked by foreign powers into avoiding hard labor and prioritizing personal feelings at the expense of national development. It is not very popular on the internet. “Young people are China’s future, and they are also the main target of ideological infiltration by hostile anti-China forces abroad,” a handsome young man in military uniform says in a video posted last week by the official account of the Ministry of State Security. The post warned young people to remain vigilant against the…
SpaceX, the space company that also owns Elon Musk’s AI company xAI, is considering spending at least an initial $55 billion to build a semiconductor factory in Grimes County, Texas, according to a proposal posted on the county’s website. The company estimates it could spend a total of $119 billion on the project, which will be a “multi-stage, next-generation vertically integrated semiconductor manufacturing and advanced computing manufacturing facility,” according to the filing. Musk has previously outlined plans for the project, called Terafab, and Tesla will also contribute resources. The companies are bringing chipmaker Intel into the effort to develop chips…
OpenAI CEO Sam Altman (left), photographed on November 16, 2023, and SpaceX and Tesla CEO Elon Musk, photographed on June 16, 2023.Carlos Barria | Gonzalo Fuentes | ReutersIn the eyes of prediction market traders, Elon Musk is hurting himself with the lawsuit against OpenAI. The multibillion-dollar lawsuit against OpenAI was heard on April 27 in federal court in Oakland, California. The day after the lawsuit began, Kalsi traders said Musk had a 60% chance of success. By May 2, two days after Musk finished testifying, the probability had fallen to just under 34%. Eric Zitzewitz, an economics professor at Dartmouth…
Arm Holdings shares fell Wednesday night even as the chip designer reported a better-than-expected quarter and gave a positive outlook for its data center CPU business. The company’s fiscal 2026 fourth-quarter sales (ending March 31) rose 20% year-over-year to $1.49 billion, beating the consensus estimate of $1.47 billion from analysts compiled by LSEG. Non-GAAP earnings per share (EPS) increased 9% to 60 cents, beating expectations of 58 cents. ARM YTD Mountain Arm Holdings YTD Arm stock fell about 6% in after-hours trading, recouping about half of its gains during regular trading. We raised the possibility of this happening during Wednesday’s…
In late August 2017, key players at OpenAI (then a small nonprofit institute) met to discuss how to create a for-profit entity to commercialize the technology and raise the funding needed to make AGI a reality. Elon Musk wanted complete control of the company and had just given each of his co-founders a Tesla Model 3. Chief Technology Officer Greg Brockman said he thought this was a way to comfort Musk and Sam Altman at a time when they were competing to win support for their respective visions for the company’s future. OpenAI’s head of research, Ilya Satskeva, had commissioned…
Check out the companies that made headlines after the bell: Arm Holdings — The semiconductor company reversed previous gains and fell 7% on underwhelming guidance. Arm expected first-quarter earnings of 40 cents plus or minus 4 cents a share on revenue of $1.26 billion plus or minus $50 million. That compares with FactSet estimates for 37 cents a share and revenue of $1.25 billion. Arm also said mobile market unit growth will be flat or slightly negative in fiscal 2027. DoorDash — Shares soared 12% after the food delivery giant released a rosy outlook for second-quarter orders. DoorDash sees total…
Mikel Arteta and his Arsenal team must have felt a sense of déjà vu in the French side as they watched Paris Saint-Germain defeat Bayern Munich. They’ve seen it before.PSG’s defeat of Bayern in the Champions League semi-finals was the same medicine Arsenal got a year ago. Just like in last season’s last-four clash at the Emirates, PSG came roaring back from home and took an early lead through Ousmane Dembele’s goal. That year, PSG ultimately defeated Arsenal to win the Champions League. Arteta is now tasked with ensuring that history from last season does not repeat itself. If Arsenal…
On Wednesday, xAI and Anthropic announced a surprise partnership in which Claudemaker will buy “all of the computing power in[xAI’s]Colossus 1 data center” (approximately 300 MW), allowing Anthropic to immediately increase usage limits. This is a big deal for xAI, likely worth billions of dollars. More importantly, it immediately monetized one of the company’s most impressive achievements: transforming xAI from a consumer to a provider of computing. Amid ongoing litigation, it’s tempting to view this deal as an attack on OpenAI. But Musk’s explanation for X was that xAI had already moved its training to a new data center, Colossus…
Traders work on the floor of the New York Stock Exchange (NYSE) on Wednesday, May 6, 2026, in New York, USA. Michael Nagle | Bloomberg | Getty ImagesS&P 500 futures were little changed Wednesday night after the index hit a new high, buoyed by hopes that the U.S. and Iran are nearing a deal to end the war.S&P500 futures down 0.1%, Nasdaq 100 futures It decreased by 0.2%. Futures linked to the Dow Jones Industrial Average It fell 34 points, or less than 0.1%.shares of door dash Shares soared 10% in extended trading Wednesday after the food delivery giant issued…
door dash After the bell Wednesday, the food delivery giant announced strong first-quarter results and forecast for increased orders as it pumps more money into new technology to attract customers. The stock price soared 12% on the news.Here’s how the company performed against LSEG’s estimates:Earnings per share: 42 cents vs. 36 cents expected Earnings: $4.04 billion vs. $4.14 billion expectedDoorDash expects Marketplace Total Order Value, which tracks the total value of orders on its platform, to be in the range of $32.4 billion to $33.4 billion this quarter. This exceeded the government’s $32.43 billion estimate by analysts. The food delivery…