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SpaceX files plan for $55 billion Terafab chip facility in Texas

SpaceX files plan for $55 billion Terafab chip facility in Texas

May 6 (Reuters) - Elon Musk's SpaceX, in a joint project with Tesla, has proposed investing $55 billion to build a semiconductor manufacturing facility, called Terafab, in Texas, according to a filing made public on Wednesday.
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Alphabet closes in on Nvidia's spot as world's biggest company

Alphabet closes in on Nvidia's spot as world's biggest company

By Shashwat Chauhan May 5 (Reuters) - Alphabet is on the cusp of overtaking Nvidia as the world's most valuable company, riding on a record stock rally fueled by its artificial intelligence efforts and booming cloud business.
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Apple holds talks with Intel, Samsung for US chipmaking, Bloomberg News reports

Apple holds talks with Intel, Samsung for US chipmaking, Bloomberg News reports

May 4 (Reuters) - Apple has held exploratory discussions about using Intel and Samsung Electronics to produce the main processors for its devices, Bloomberg News reported on Monday, citing people familiar with the deliberations.
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Anthropic commits to spending $200 billion on Google's cloud and chips, the Information reports

Anthropic commits to spending $200 billion on Google's cloud and chips, the Information reports

May 5 (Reuters) - Anthropic has committed to spend $200 billion with Google Cloud over five years as part of a recent agreement, The Information reported on Tuesday, citing a person with knowledge of the matter.
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AMD forecast sparks AI‑driven rally in US chipmaker stocks

AMD forecast sparks AI‑driven rally in US chipmaker stocks

By Rashika Singh May 6 (Reuters) - U.S. semiconductor stocks rose on Wednesday as Advanced Micro Devices' strong outlook boosted investor confidence about sustained demand for AI infrastructure and that a shift toward CPUs would spur the next leg of spending.
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Nvidia CEO Jensen Huang Asserts AI is Creating Jobs Amid Economic Anxiety

Nvidia CEO Jensen Huang Asserts AI is Creating Jobs Amid Economic Anxiety

Nvidia CEO Jensen Huang Asserts AI is Creating Jobs Amid Economic Anxiety
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US stock index futures rise on Middle East peace hopes, AI optimism

US stock index futures rise on Middle East peace hopes, AI optimism

May 6 (Reuters) - Wall Street futures climbed on Wednesday, buoyed by hopes of a U.S.-Iran peace agreement and unrelenting optimism around artificial intelligence.
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The Daily Mauling 5.6.26

The Daily Mauling 5.6.26

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Redistricting is rampant ahead of the US House midterm elections. What states are taking action?

Redistricting is rampant ahead of the US House midterm elections. What states are taking action?

A partisan redistricting battle among states has accelerated ahead of the midterm elections
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AI chipmaker Cerebras aims to raise $3.5 billion in US IPO

AI chipmaker Cerebras aims to raise $3.5 billion in US IPO

May 4 (Reuters) - Nvidia-rival Cerebras Systems, which makes chips for artificial intelligence workloads, is aiming to raise $3.5 billion in its U.S. initial public offering.
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KKR-backed GMR eyes $5 billion valuation in US IPO

KKR-backed GMR eyes $5 billion valuation in US IPO

May 4 (Reuters) - Emergency medical services GMR Solutions said on Monday it was targeting a valuation of up to $5 billion in its U.S. initial public offering, as the pickup in new listings extends into May.
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GameStop makes bold $56 billion play for eBay, ready to go hostile

GameStop makes bold $56 billion play for eBay, ready to go hostile

By Mihika Sharma and Akanksha Khushi May 3 (Reuters) - GameStop proposed on Sunday to buy eBay Inc for about $56 billion in a cash-and-stock deal, with CEO Ryan Cohen saying he was prepared to take the bid directly to shareholders should eBay's board be unreceptive.