… Last week, the Financial Times reported that SpaceX chief operating officer Gwynne Shotwell told investors that the company is considering launching a mobile service in the US that would connect to its Starlink satellite network. …
… SpaceX describes its mission to investors as: Our mission is to build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light of consciousness to the stars. …
… Video: The company at the heart of the AI bubble | Decoder During today’s investor call, Huang seemed confident when concerns about an “AI bubble” were raised, saying, “There’s been a lot of talk about an AI bubble. …
… During a call with investors, Fox CEO Lachlan Murdoch said the plan is to keep the two companies separate. …
… As noted by the WSJ, the company doesn’t say how it will fund the rest of the acquisition, but sources tell the outlet that “Cohen could tap outside investors, such as Middle Eastern sovereign-wealth funds, to back the deal.” The WSJ reports that Cohen is ready to launch a proxy fight to acquire eB… …
… A week before the Trump administration took over, the department had alleged that by not disclosing he’d purchased more than $500 million in Twitter stock on time in the spring of 2022, Musk underpaid by at least $150 million, and harmed investors who sold their stock during that time. …
… This is a course correction, according to Meta’s chief financial officer Susan Li, who said in the investor call that Meta had “underestimated our compute demand in the past.” Meta’s revenue also experienced its fastest growth since 2021, increasing by 33 percent, from $42.3 billion this time last … …
… Sutskever also felt “betrayed” by Reid Hoffman, an early investor, founding his own AI lab; in response, Altman said, “I think at this point OpenAI has the leverage to ask for a soft promise for new investors not to invest in competitors.” Altman also didn’t tell the board he was personally running… …
… In February, though, OpenAI adjusted that figure, telling investors it plans to spend $600 billion on compute by 2030. …
… Though Comcast co-CEO Brian Roberts and Cavanagh told investors that the company’s split isn’t a setup for a merger or acquisition, it still seems like a possibility. …