Sriram Krishnan, a top AI policy advisor in the Trump administration, is leaving the White House, The Information reported on Saturday. Krishnan later confirmed his decision in a post on X. Krishnan is planning to start a policy institute that will support the administration’s AI plans, according to people familiar with the matter. A former general partner at Andreessen Horowitz, Krishnan

Anthropic’s filing of its initial public offering paperwork last week means the maker of Claude Code has pulled slightly ahead of OpenAI as the two go head-to-head with their planned IPOs. While bankers and lawyers say there are good reasons for a company to beat its rival to the public markets, ...

Sriram Krishnan, a top AI policy advisor in the Trump administration, plans to leave his position at the end of June, according to a person with direct knowledge of the move and a statement viewed by The Information. Krishnan has discussed starting a policy institution following his time in the ...

Welcome, Weekenders! In this newsletter:• The Big Read: The quiet VIP of SpaceX’s wild IPO• SpaceX millionaires mull IPO windfalls: a house, a college fund—or ‘chill on a beach’?• SpaceX mafia see IPO as liftoff opportunity for their startups too• Plus, Recommendations—our weekly pop culture ...

SpaceX’s expected IPO next week will mean a banner day for many of Silicon Valley’s biggest names. But given the offering’s stratospheric size—it’s the largest ever stock market debut—it will also create life-altering wealth for a cast of lower-profile overnight billionaires, centimillionaires ...

Prediction markets platform Kalshi is asking customers in some wagers to provide the name of their employer, industry and job function before making bets, to help the company crack down on potential insider trading. “For markets with heightened insider or manipulation risk, we now collect employment information before traders can participate,” the company said in a blog post . The

SpaceX’s Starlink is hitting new roadblocks with regulators India over concerns about how its satellite internet service has been used in the Iran war, Bloomberg reported on Tuesday. Iranian regulators have not approved Starlink, but the U.S. has smuggled thousands of terminals into the country, where SpaceX offers internet service despite not having permission to operate, the Wall Street

SpaceX’s offices in Texas and California may host the most raucous celebrations when the company’s shares start trading this coming Friday—but an extensive network of companies founded by SpaceX alums will also be popping bottles of bubbly.

Speaking with reporters on Friday, President Donald Trump said that he plans to meet with AI companies in the near future to discuss financial “partnerships,” though he did not share further details on what the deals would look like. The remarks come after a Thursday report from NOTUS that OpenAI CEO Sam Altman had spoken with senior Trump officials about the government taking a stake in his

Semiconductor stocks sold off on Friday after going on a historic tear over the last several weeks, partly in response to May’s excellent jobs report that fueled speculation about an interest rate hike. Chip maker Marvell fell 17% while memory maker Micron and chip design firm Arm each fell 13%. Bigger chip designers Nvidia, Broadcom, Intel and AMD fell 6%, 8%, 11% and 11%, respectively. AI cloud

Big banks including JPMorgan, Bank of America, and Citi are planning to participate in a new settlement network to be launched next year, which will allow banks to move money on the blockchain between each other. The network, to be launched by The Clearing House, which is owned by a bank consortium, will allow for the clearing and settlement of tokenized deposits between banks. Tokenized

Over the last few months, SpaceX’s chief financial officer, Bret Johnsen, has been trying to pull off an intense two-part challenge: Fold xAI into SpaceX—the biggest merger ever—and then take the combined company public at $75 billion in the largest IPO ever. Johnsen, 57, has gotten it done by ...

Trust is a requirement for the success of AI, an operating condition that enables speed, scale and autonomy. When implementing AI technology, enterprises need to move at the speed of trust. Go faster, and unforeseen risks proliferate; go slower, and you fall behind your competitors. Most ...

Tesla is pushing a planned public demo for its long-awaited next generation Roadster to August or later, four people with knowledge of the program said, marking the latest delay for the unveiling of the company’s first vehicle debut since its Cybercab nearly two years ago. Tesla CEO Elon Musk had said in October 2025 that the company aimed to unveil the new Roadster on April 1. He later said

LinkedIn cofounder and investor Reid Hoffman will leave his seat on Microsoft’s board of directors at the end of this year, Microsoft said in a filing Friday. Hoffman has served as a Microsoft director since 2017, when Microsoft acquired LinkedIn. Since then he’s been a pivotal advisor to CEO Satya Nadella and helped steer Microsoft’s relationship with OpenAI, briefly serving on the boards of

SpaceX’s AI lab has had a chaotic year so far, churning through leaders and staff before bringing in outside help in an effort to catch up to Anthropic in coding. What isn’t widely known, however, is that xAI has played a long-running cat-and-mouse game with Anthropic as it has sought to tap ...

Nvidia CEO Jensen Huang is making his second trip to South Korea in seven months, underscoring the country’s growing importance to the AI chip giant, according to Reuters. Demand for AI systems has strained supply of the chips and memory needed to build them, making South Korea a more important stop for Nvidia. Samsung Electronics and SK Hynix are especially critical because they make the

Data center developer Switch is in talks to raise billions of dollars at a valuation of at least $50 billion, a level that would make it one of the most valuable privately held data center operators, The Information reported late Thursday . Brookfield Asset Management, KKR and other private equity and institutional investors have been in talks to invest in the round, though conversations are

Data center developer Switch is in talks to raise billions of dollars at a valuation of at least $50 billion, as it seeks to capitalize on soaring demand for the infrastructure needed to support artificial intelligence, according to people with knowledge of the deal. Brookfield Asset Management, ...

Senior U.S. officials have held preliminary discussions with major artificial intelligence companies about the federal government possibly acquiring shares in their firms, the publication Notus reported, citing people familiar with the matter. The preliminary discussions have centered on having firms voluntarily provide the shares, said the Notus article, which said OpenAI CEO Sam Altman has