Trump Media & Technology Group (TMTG), the parent company of Truth Social and ticker DJT, has announced a definitive agreement to merge with TAE Technologies, a leading private nuclear fusion energy company, in an all-stock transaction valued at more than $6 billion.Key details of the merger:This creates one of the world’s first publicly traded nuclear …
MIT Professor Nuno Loureiro was shot and killed two days ago. He lead the MIT Plasma Science Department and was working with Commonwealth fusion. Commonwealth Fusion is one of the leading nuclear fusion startups. Commonwealth Fusion Systems (CFS), a leading private fusion energy company spun out from MIT, has raised close to $3 billion in …
For years all the Tesla haters would talk about how EV competition was coming for Tesla. Now Ford is cancelling the F-150 Lightning and it will be replaced with an extended range hybrid. Ford CEO Jim Farley: “Instead of plowing billions into the future knowing these large EVs will never make money, we are pivoting.” …
Nate Jones got the AI data centers in space story wrong. I like Nate Jones, he does a lot of useful work gathering AI news and staying on top of developments. He is wrong in this case. Starcloud already has an H100 in a satellite in space. It launched last month. Working with Nvidia and …
AI data centers in space will supercharge the AI Singularity to a Solar System Scale Technological Singularity. It is a 17 Singularity Richter Scale Technological Earthquake. It is well beyond Optimus and just replacing labor. The energy on earth CANNOT be built to match the energy in space. Space AI data centers will beat Optimus …
SpaceX is reportedly buying back investor and employee shares at an $800B valuation. This is double from the $400B valuation just 5 months ago. The key successes are rapid progress toward full Starship reusability and fast growing Starlink revenue and profits. SpaceX acquired massive mid-band spectrum (8-lane highway vs T-Mobile’s 2-lane) → Direct-to-Cell is now …
AI CEO Emad Mostaque predicts by mid-2028, cognitive labor becomes economically worthless (actually negative value). Humans become the dumbest entity on the team and there is → no market for negative-value labor. Phase transition (ice → water → gas) happens suddenly when agentic systems + collapsing token costs cross a threshold. What Enables the Tipping …
Even experts do not know the shocking changes and huge impacts on AI stocks of Space based solar energy. The amount of energy and the speed with which it can be added is surprising. Understanding this is key to understand the future of the world economy and for what happens to AI and Technology stocks. …
AI growth has re-accelerated. Nvidia earned an adjusted $1.30 a share on sales of $57 billion in the quarter ended Oct. 26. Analysts polled by FactSet had expected Nvidia to earn an adjusted $1.26 a share on sales of $54.9 billion in the quarter ended Oct. 26. In the year-earlier period, Nvidia earned 81 cents …
Elon Musk announced a major partnership between his AI company xAI and Saudi Arabia’s state-backed AI firm Humain (backed by the Suadi Public Investment Fund) to build a 500-megawatt (MW) AI data center in the kingdom. It will use Nvidia GPUs and will be xAI’s largest and first data center project outside the United States. …
Microsoft EVP of Cloud + AI Scott Guthrie says the goal is to be able to 10X the AI training every 18-24 months. This likely includes maintaining the 2-4X pace of chip improvement. Satya Nadella gave Dylan Patel (founder of SemiAnalysis) and Dwarkesh an exclusive first-look at their brand-new Fairwater 2 datacenter. Microsoft is building …