Anthropic Delays IPO amid Talk of $2tn Valuation
The AI giant could raise as much as $100bn in what may become the largest IPO on record. It is also close to securing a $15bn cred…
Tesla's Cybercabs Hit the Streets with No Steering Wheel
Tesla began offering paid rides in its driverless Cybercab in Austin, Texas, on Thursday, a launch that has already drawn scrutiny…
Siemens Shifts Core Industrial AI Development to the US
Siemens is choosing Seattle over Europe to develop the model that will underpin its industrial AI applications. CEO Roland Busch c…
Volkswagen Sets End Dates for Vehicle Production at Four German Plants
Under a new Volkswagen plan, four German sites employing around 40,000 people are due to stop building vehicles over the next eigh…
Saudi Arabia Steps into Gaming's Big League with EA Deal
For the past decade, the video game industry has aligned itself closely with progressive causes, leading many to wonder whether Sa…
Porsche Cuts 5,000 More Jobs as Mercedes Profit Falls 26%
Germany’s auto industry is entering another difficult phase. Porsche is cutting nearly 9,000 positions in total, while Mercedes re…
For Modern Gaming the Only Constant is Change
For an industry enjoying meteoric growth, it is an anxious time for those working in gaming. Post-pandemic layoffs and AI's advanc…
Chinese Shareholders Put Mercedes at Risk of US Ban
A bipartisan Senate bill targeting foreign influence over connected vehicles could force changes to Mercedes-Benz’s shareholder st…
Billionaires’ Fight Club: Musk and Altman Turn Apple’s OpenAI Lawsuit into a Brawl
Apple is suing OpenAI before its first AI device has even been unveiled. Elon Musk has seized on the case to attack Sam Altman, wh…
100,000 Jobs: Volkswagen’s Brussels Problem
When politicians replace stable rules with ad hoc market intervention, the economic consequences eventually follow. Volkswagen is …
Buffett Freezes Gates Foundation Donation over Epstein Fallout
Warren Buffett is holding back his usual midyear donation to the Gates Foundation as new court deadlines, congressional subpoenas …
Exodus: Corporates Abandon Pride Month
As support for LGBT causes falls in polls, so too are corporate sponsorship and promotion of festivals during Pride Month – to the…
German Court Allows Buyer to Return Electric Car over Range Shortfall
An electric-car buyer in Germany was entitled to return his vehicle after tests showed that it fell far short of the advertised ra…
SpaceX IPO Launches Thousands of Millionaires
A record-breaking IPO has made SpaceX one of the world's most valuable companies and created thousands of new millionaires in the …
The World's First Trillionaire Is Pulling Away from the Pack
Elon Musk has amassed wealth comparable to national economies, but his fortune remains highly dependent on market sentiment.