Khanchit Khirisutchalual SpaceXAI ( SPCX ) will expand public access to its Grok 4.5 AI model on Thursday, based on “strong positive feedback from customers” in its beta test program, CEO Elon Musk said in a post on X. Grok 4.5 is a faster Opus-class model at a lower cost, Musk said. In June, Musk said Grok 4.5 has entered private beta testing at SpaceX ( SPCX ) and Tesla ( TSLA ), offering a glim...
Khanchit Khirisutchalual SpaceXAI ( SPCX ) will expand public access to its Grok 4.5 AI model on Thursday, based on “strong positive feedback from customers” in its beta test program, CEO Elon Musk said in a post on X. Grok 4.5 is a faster Opus-class model at a lower cost, Musk said. In June, Musk said Grok 4.5 has entered private beta testing at SpaceX ( SPCX ) and Tesla ( TSLA ), offering a glimpse into the latest iteration of the artificial intelligence model developed by his xAI venture. The number of daily average users for the Grok app, meanwhile, in the U.S. has declined by 28% since April, and its market share was 8.7% in June, falling from 10.6% in May, according to Apptopia data on Tuesday. Overall, OpenAI's ( OPENAI ) ChatGPT held the No. 1 ranking among market share in the U.S. in June. More on SpaceX SpaceX Nasdaq-100 Inclusion Flashes A Historic 'Sell-The-News' Warning Wall Street Brunch: Options Spy SpaceX Pop The AI Bet Driving SpaceX SpaceXAI's Grok continues to lose market share; Meta AI climbs to fourth in US: analysis SpaceX put options signal hedging, not liquidation: MDP’s Dennis Davitt
A secondary school in eastern China is at the centre of controversy for collecting the information of its fresh students’ parents, including what brand of car they drive and their values. Dongying No 1 Middle School in Dongying, Shandong province, distributed the information collection form in late June among students who were recently admitted, China Newsweek reported. Students were requested to ...
A secondary school in eastern China is at the centre of controversy for collecting the information of its fresh students’ parents, including what brand of car they drive and their values. Dongying No 1 Middle School in Dongying, Shandong province, distributed the information collection form in late June among students who were recently admitted, China Newsweek reported. Students were requested to fill in the details of their parents’ names, where they work, their titles and their mobile...
Chip startup SambaNova Systems Inc. has raised $1 billion at an $11 billion valuation, underscoring investors’ conviction in rising demand for infrastructure tied to artificial intelligence. SambaNova, which is backed by Intel Corp. ’s venture arm, has completed the first close of the Series F round led by General Atlantic , the company is set to announce Wednesday. Along with the funding, the fir...
Chip startup SambaNova Systems Inc. has raised $1 billion at an $11 billion valuation, underscoring investors’ conviction in rising demand for infrastructure tied to artificial intelligence. SambaNova, which is backed by Intel Corp. ’s venture arm, has completed the first close of the Series F round led by General Atlantic , the company is set to announce Wednesday. Along with the funding, the firm has lined up JPMorgan Chase & Co. as a customer, according to a statement reviewed by Bloomberg News. The bank will deploy SambaNova’s chips to power AI workloads in-house. Founded in 2017 by three former Stanford University students, SambaNova designs custom AI chips aimed to rival those offered by Nvidia Corp . It’s among a group of companies trying to get a foothold in the changing but booming market for AI infrastructure. While Nvidia’s chips dominated the era of training models, data center operators are increasingly shifting toward providing services by chipmakers like SambaNova that use existing software at lower cost and greater efficiency. Rodrigo Liang , SambaNova’s chief executive officer, said the market is seeing a “hockey stick” effect in customers looking for alternatives to Nvidia for inference while also looking to lower what’s known in the industry as cost-per-token. SambaNova’s chips are designed to be used alongside Nvidia products, not to replace them. Liang said SambaNova’s SN40 and SN50 chips can run the so-called decode portion of inference — unpacking the query from the model — five to 10 times faster, which helps free up the same number of Nvidia chips for other tasks such as training. “People still want to buy the same number of tokens — you’re just processing them fast on the same hardware versus standing up 10 times the number of racks to actually keep everybody moving,” Liang said. The company is on track to release its fifth chip. Martín Escobari , co-president and head of global growth equity at General Atlantic, said in an interview that t...
Rutte Touts 'Literally Billions' Invested To Drastically Ramp Up NATO's Drone Capabilities NATO leadership has this week made clear where it plans to invest a bulk of defense and tech-related funds in the coming years, while making express reference to lessons learned from the Russia-Ukraine battlefield. The alliance's Secretary General Mark Rutte said Tuesday that drone warfare is the next great ...
Rutte Touts 'Literally Billions' Invested To Drastically Ramp Up NATO's Drone Capabilities NATO leadership has this week made clear where it plans to invest a bulk of defense and tech-related funds in the coming years, while making express reference to lessons learned from the Russia-Ukraine battlefield. The alliance's Secretary General Mark Rutte said Tuesday that drone warfare is the next great expanse in NATO capabilities. He touted that member states are unveiling "major new projects" worth "literally billions of dollars" at the Ankara summit. "These are billions that are invested in our security, boosting our economies and supporting hundreds of thousands of new jobs," Rutte stated . "It’s money well spent." Anadolu Agency He unveiled that among the projects include the NATO future procurement of five "high-end, high-altitude and long-endurance uncrewed aircraft" from Northrop Grumman. Defense News reviews : Built by Northrop Grumman, the MQ-4C Triton is a high-altitude, long-endurance UAV specifically designed for maritime surveillance over vast stretches of sea. According to Rutte, the aircraft will help NATO detect threats early, protect sea lines of communication, and support operations in demanding regions, such as the High North . "These aircraft can fly for long periods at high altitude and cover large areas, including over open water, more efficiently than most other aircraft can," he said at the event, organized to coincide with the NATO summit this week. Rutte stressed that intelligence, surveillance and reconnaissance (ISR) is a vital capability for the alliance, as it provides the situational awareness needed to make the right decisions and stay ahead of threats. "Today, allies are taking a concrete step to strengthen this capability," he added. An additional project area outlined by Rutte involves 40 billion dollars' worth of investment in "counter-drone capabilities over the next five years," the alliance additionally said in a statement. Another ...
(Bloomberg) -- Chip startup SambaNova Systems Inc. has raised $1 billion at an $11 billion valuation, underscoring investors’ conviction in rising demand for infrastructure tied to artificial intelligence.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaChip Stocks Sink After Blistering Run as Oil Jumps: Markets WrapTwo Millennium Trading Pods Made About $3.7...
(Bloomberg) -- Chip startup SambaNova Systems Inc. has raised $1 billion at an $11 billion valuation, underscoring investors’ conviction in rising demand for infrastructure tied to artificial intelligence.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaChip Stocks Sink After Blistering Run as Oil Jumps: Markets WrapTwo Millennium Trading Pods Made About $3.7 Billion Last MonthUS Strikes Iran and Blocks Oil Sales, in New Test of TruceChina Sentences Officia
Almost all major Asian stock markets fall, with Samsung Electronics shares sliding for a second day Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Oil prices have risen by more than 3% after fresh strikes from the US and Iran tested a fragile truce. Short-term profit taking on long-term winners, particularly the AI theme, appears to be a...
Almost all major Asian stock markets fall, with Samsung Electronics shares sliding for a second day Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Oil prices have risen by more than 3% after fresh strikes from the US and Iran tested a fragile truce. Short-term profit taking on long-term winners, particularly the AI theme, appears to be a global dynamic… we sh ould expect elevvated volatility and continued foreign sellingin orea equities in the near term. 7pm BST: US Federal Reserve minutes Continue reading...
A Long March-8A carrier rocket successfully launched a group of Qianfan polar-orbit satellites from the Hainan Commercial Space Launch Site on July 5. Photo: IC Photo Chinese commercial lenders are stepping up credit support for the country’s booming commercial space sector following the launch of 20 satellites on a single rocket on July 5. A Long March-8A rocket successfully deployed the latest g...
A Long March-8A carrier rocket successfully launched a group of Qianfan polar-orbit satellites from the Hainan Commercial Space Launch Site on July 5. Photo: IC Photo Chinese commercial lenders are stepping up credit support for the country’s booming commercial space sector following the launch of 20 satellites on a single rocket on July 5. A Long March-8A rocket successfully deployed the latest group of 20 satellites for the Qianfan constellation from the Hainan International Commercial Aerospace Launch Center, bringing the network’s total to 218. The Qianfan project is a low-Earth-orbit satellite internet constellation similar to Elon Musk’s Starlink, which currently holds a first-mover advantage with more than 10,000 satellites in orbit.
Meta CEO Mark Zuckerberg Just Delivered Fantastic News for Investors The Motley Fool Meta Platforms: This Neocloud Pivot Could Be A Game Changer (NASDAQ:META) Seeking Alpha Meta’s Cloud Play Will Spice Up Ambani-Adani Rivalry Bloomberg.com
Meta CEO Mark Zuckerberg Just Delivered Fantastic News for Investors The Motley Fool Meta Platforms: This Neocloud Pivot Could Be A Game Changer (NASDAQ:META) Seeking Alpha Meta’s Cloud Play Will Spice Up Ambani-Adani Rivalry Bloomberg.com
Space Exploration Technologies (NASDAQ: SPCX) , aka SpaceX, has quickly become one of the most noteworthy stocks to hit the market in some time. The rocket launch, satellite communications, and artificial intelligence (AI) company saw insatiable demand ahead of its public debut. Despite raising $85.7 billion, the offering was more than four times oversubscribed, according to reports. Put another w...
Space Exploration Technologies (NASDAQ: SPCX) , aka SpaceX, has quickly become one of the most noteworthy stocks to hit the market in some time. The rocket launch, satellite communications, and artificial intelligence (AI) company saw insatiable demand ahead of its public debut. Despite raising $85.7 billion, the offering was more than four times oversubscribed, according to reports. Put another way, demand was more than four times the available shares. It's easy to understand why. Investors are looking to get in on the ground floor of a once-in-a-generation company and ride the stock to new heights. After creating reusable rockets, SpaceX has plans to launch data centers into space, which could potentially be a game changer. One Wall Street analyst called SpaceX "one of the defining industrial infrastructure companies of the 21st century," with more than 400% potential upside, which would push its market cap to more than $10 trillion. Let's take a look to see if he's right. Continue reading
Sunlight19/iStock via Getty Images Investment Thesis I am rating NXP Semiconductor ( NXPI ) a Buy rating with a price target of $470 a share. This represents a 68% upside potential from the current price of $280.51. Figure 1: NXPI Price as of July 7th (Seeking Alpha) The foundation of my Buy rating view is built on the fact that the company is becoming something better. I say this because it is a ...
Sunlight19/iStock via Getty Images Investment Thesis I am rating NXP Semiconductor ( NXPI ) a Buy rating with a price target of $470 a share. This represents a 68% upside potential from the current price of $280.51. Figure 1: NXPI Price as of July 7th (Seeking Alpha) The foundation of my Buy rating view is built on the fact that the company is becoming something better. I say this because it is a high-quality intelligent edge semiconductor platform with exposure to software-defined vehicles, industrial automation, secure connectivity and AI-enabled processing at the edge. This is important because I believe the next phase of semiconductor demand will not only be about cloud AI chips. It will also be about pushing intelligence into cars, factories, buildings, healthcare devices, power systems and connected industrial equipment. And NXPI sits directly in that physical world. It is important to mention that NXPI's long-term framework is built around high single-digit organic revenue growth , gross margin expansion above 60%, returning 100% of excess free cash flow (FCFs) to shareholders and doubling non-GAAP EPS by 2030 and beyond. Figure 2: Future of Innovation and Long-term Value Creation (NXPI Q1 2026 Earnings Presentation) I like NXP because the business has a strong strategic position in markets where complexity is rising. I say this because cars are becoming software-defined, and on the other hand, industrial systems are becoming more automated. This means that devices need more sensing, processing, connectivity, safety and security. NXP has built a portfolio around those exact needs. And by this, I mean it sells the kind of chips that help real-world machines become smarter. Thirdly, I like the discipline in their operational model. I say this because NXP is not trying to grow at any cost. Historically, the company has shown strong operating leverage with 2020 to 2025 revenue growing at a 7.88% 5-year CAGR as shown in Figure 3. The non-GAAP gross profit has also...