Elon Musk Clarifies SpaceX AI Data Centre Deal With Anthropic SpaceX chief executive Elon Musk has said the company only agreed to lease its Colossus AI training data centre clusters to Anthropic for an initial six-month period, despite earlier reports suggesting a longer arrangement. Musk made the comments on Thursday in a post on X, where he stated that SpaceX had not committed to leasing the Colossus infrastructure for several years. However, he added that a longer-term agreement remained possible. Musk Says Lease Was Intended To Be Short-Term Earlier this year, SpaceX signed agreements allowing Anthropic to use computing capacity…
Author: Kanika Sharma
Read More
FAA Orders Investigation Into SpaceX Starship Booster Mishap The U.S. Federal Aviation Administration has ordered SpaceX to investigate why its Starship booster crashed into the Gulf of Mexico during a recent test flight. The FAA said the May 22 launch of Starship Flight 12 resulted in a mishap involving the Super Heavy booster after stage separation. The booster failed while returning to the Gulf of Mexico, prompting the agency to begin oversight of a formal investigation. SpaceX did not immediately respond to a request for comment. FAA To Oversee Investigation The FAA confirmed there were no reports of injuries or…
SpaceX Starship Test Strengthens Investor Confidence Ahead Of IPO SpaceX’s latest Starship launch delivered enough progress to maintain investor confidence ahead of the company’s anticipated initial public offering, although the test also highlighted that full rocket reusability remains under development. The upgraded Starship completed several important milestones during Friday’s launch. However, the mission also exposed ongoing technical challenges as SpaceX continues work on its next-generation launch system. Starship Advances Key SpaceX Goals Starship plays a critical role in SpaceX’s long-term strategy to reduce launch costs and expand its Starlink satellite business, which remains the company’s primary revenue source. In addition,…
Samsung Vietnam Investment Expands Chip Testing Capacity Samsung Electronics plans to invest 39 trillion dong ($1.5 billion) in Vietnam to build a semiconductor testing plant, according to a proposal document reviewed by Reuters. The move is expected to support global memory chip supply as demand surges due to artificial intelligence applications. Construction of the factory has already started at an industrial park about 60 kilometres north of Hanoi. Moreover, the facility is scheduled to begin operations in November 2027. Samsung To Open First Chip Testing Plant In Vietnam The planned site will become Samsung’s first semiconductor testing factory in Vietnam.…
Hong Kong Astronaut Selected For Shenzhou-23 Mission Li Jiaying, also known as Lai Ka-ying in Cantonese, has been selected as a payload specialist for China’s upcoming Shenzhou-23 spaceflight mission, marking the first time an astronaut from Hong Kong has joined the country’s manned space programme. The announcement was made on Saturday by the China Manned Space Agency and quickly sparked excitement across Hong Kong. The selection is widely viewed as a milestone for Hong Kong’s growing role in China’s national space ambitions. Li Jiaying Becomes Hong Kong’s First Astronaut Li Jiaying’s appointment as a payload specialist represents a historic achievement…
Gemini Usage Limits Trigger User Frustration After Google Update Google’s latest changes to Gemini usage limits are drawing criticism from users shortly after the company unveiled a major slate of AI announcements during I/O 2026. The update introduces compute-based usage limits for Gemini, marking a significant shift in how access to the AI platform is managed. Previously, many users rarely encountered strict limitations. However, the new system now factors in prompt complexity, chat length, and the type of features being used. As a result, resource-intensive tasks such as video generation, coding prompts, and advanced reasoning requests consume usage allowances more…
Anthropic Nears First Operating Profit As AI Demand Surges Anthropic is approaching its first quarterly operating profit as strong demand for its Claude AI models drives rapid revenue growth, according to a person familiar with the matter. The San Francisco-based company told investors in recent fundraising materials that revenue for the June quarter could reach at least $10.9 billion. That figure would represent more than double the $4.8 billion generated during the March quarter, the source said. The sharp rise in sales is expected to push Anthropic to a quarterly operating profit of around $559 million. The figures, first reported…
AI Boom Pushes Bond Yields Higher As Neutral Rates Rise The artificial intelligence investment boom and rising borrowing costs may appear contradictory at first glance. However, economists and investors increasingly believe the two trends are closely connected. Beyond the excitement surrounding AI spending, many analysts now argue that a long-term productivity surge is lifting estimates of neutral interest rates even as labour’s share of economic output continues to shrink. Recent bond market volatility has partly reflected the inflationary shock linked to tensions involving Iran and the resulting rise in oil prices. Yet record highs in equity markets during an energy…
HSBC Says AI Will Eliminate And Create Banking Jobs HSBC Chief Executive Georges Elhedery said artificial intelligence would eliminate some jobs while creating new roles across the financial sector, as the bank intensifies efforts to retrain employees for an AI-driven future. Speaking at HSBC’s investor day event on Wednesday, Elhedery said the bank wanted staff to adapt to technological change rather than resist it. “We all know generative AI will destroy certain jobs and will create new jobs,” Elhedery said during the event. HSBC Pushes Workforce Retraining Elhedery stressed that HSBC’s priority was to prepare its workforce for the transition…
Anthropic To Brief Global Regulators On AI Cyber Risks Anthropic is preparing to brief the Financial Stability Board on cyber vulnerabilities in the global financial system identified by its latest artificial intelligence model, according to a report by the Financial Times. The startup behind the Claude chatbot will discuss the capabilities of its new Mythos Preview AI model with finance ministries and central banks linked to the FSB. The discussions follow a request from Andrew Bailey, the report said. Bailey currently chairs the FSB, which coordinates financial regulations and risk oversight for G20 economies. Mythos Model Raises Cybersecurity Concerns Anthropic…