Qivalis aims to launch its euro stablecoin in the latter half of 2026, with support from major Irish financial institutions including AIB and Bank of Ireland.
SpaceX's recent IPO filing has disclosed a significant agreement with AI company Anthropic, revealing that Anthropic pays $15 billion annually for access to SpaceX’s GPU-equipped data centers. This lucrative deal highlights the growing intersection of space technology and artificial intelligence infrastructure.
Elon Musk's SpaceX has officially submitted its S-1 filing with the SEC, paving the way for what may become the largest IPO in history, to be traded under the ticker SPCX on Nasdaq. The company reported $18.67 billion in revenue for 2025, largely fueled by its Starlink satellite internet service, which earned over $11 billion. Despite these impressive revenues, SpaceX posted a loss of $4.9 billion last year, with capital expenses nearly doubling to $20.7 billion, reflecting aggressive investment in its ventures including xAI. This milestone marks a significant step in commercial space exploration and satellite technology.
Primer, a payment startup headquartered in London, has secured €86.2 million through a Series C funding round aimed at boosting its AI-driven payments and finance platform. The investment will accelerate the company's expansion into the US market, where it aims to increase its revenue contribution to over one-third of its total by 2028, supported by strategic hiring plans.
The race in the AI sector has shifted focus from developing superior models to being the first to enter public markets. OpenAI is reportedly preparing to confidentially submit its IPO prospectus draft this week, signaling its lead in this new phase. Goldman Sachs and Morgan Stanley are likely involved as advisors in this significant move.
In a recent interview with Bloomberg, JPMorgan Chase CEO Jamie Dimon shared insights on how artificial intelligence (AI) is set to reshape employment at the bank. Dimon emphasized that AI's growing role will lead to fewer hiring in traditional banking roles and a stronger focus on AI talent. He acknowledged that AI will inevitably reduce some jobs but highlighted JPMorgan's commitment to retraining and redeploying affected employees, alongside offering early retirement where needed. AI is already integral in JPMorgan’s areas such as marketing, risk management, fraud detection, and document handling, signaling just the beginning of transformative changes. With a substantial $20 billion technology budget and new performance tracking systems for AI use among engineers, Dimon affirmed the bank's dedication to staying competitive and client-focused. The industry-wide push for AI adoption has also resulted in workforce adjustments, as seen with other major firms planning restructures. Dimon stressed society must prepare for these shifts, acknowledging AI will impact roles across skill levels, echoing similar sentiments from peers in banking and other sectors.
Nvidia has achieved a new milestone in its fiscal 2027 first quarter, reporting an impressive 85% increase in revenue year-over-year, reaching $81.6 billion. This surge highlights the company's dominant position amid the growing demand for AI infrastructure solutions.
A draft protocol unveiled on May 5 aims to reshape international tax regulations by allowing countries to tax digital companies such as Google, Amazon, and Meta where their users reside, rather than where the companies are headquartered. This proposal, set for discussion in New York this August as part of the United Nations tax initiative, challenges existing norms on digital revenue taxation, potentially transforming global tax frameworks for tech giants.
Earthian's AI risk models are already trusted by five of the Fortune Global 500 companies. Founded by Shayan Shokri, a former Harvard researcher, the company anticipates expanding its client base to 30 major firms by 2027.
The United States is making a significant investment of $2 billion through federal funding to support nine companies in the quest to establish a strong domestic quantum computing sector. This move highlights the country's commitment to leading in quantum technology development.
