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SpaceX signs pre-IPO deal to provide AI computing to Google
SpaceX signs pre-IPO deal to provide AI computing to Google Andrew Zinin Lead Editor SpaceX on Friday signed a blockbuster cloud computing agreement under which Google will pay the Elon Musk-founded rocket company $920 million per month for access to a massive cluster of AI chips, according to a disclosure in its initial public offering filing. The deal, which will bolster SpaceX's finances ahead of its IPO on June 12, covers a computing infrastructure of approximately 110,000 Nvidia...
Before SpaceX goes public, a scramble to get on bandwagon
Before SpaceX goes public, a scramble to get on bandwagon Andrew Zinin Lead Editor As SpaceX prepares its long-awaited stock market debut, investors everywhere are scrambling to get a piece of the action—through investment funds, related company stocks, and even online prediction markets. "$14 billion has poured into SpaceX linked funds since Musk confirmed the IPO... The hype is unlike anything I've seen," said an X post from Gagola Value Capital, run by two British amateur investor brothers.
AI to rescue Australian wildlife research drowning in data
AI to rescue Australian wildlife research drowning in data Lisa Lock Scientific Editor Andrew Zinin Lead Editor The power of AI has been harnessed to rapidly clear a photography bottleneck and bring greater coordination and computing power to efforts to save Australian animals from extinction. Developed by researchers at The University of Queensland, the Wildlife Observatory of Australia (WildObs) can quickly analyze millions of images taken by hidden wildlife cameras, meaning faster, more...
Tessera AI model offers accessible way to view Earth
Tessera AI model offers accessible way to view Earth Lisa Lock Scientific Editor Andrew Zinin Lead Editor A foundation model trained on Earth observation data from Copernicus Sentinel-1 and Sentinel-2 has been made widely available to researchers, it was announced at a computer industry conference this week in Denver, U.S. Tessera, an advanced artificial intelligence (AI) model, offers high-accuracy datasets that encode what the satellite "sees" of Earth's surface during the course of a...
SpaceX's IPO is set to be the biggest ever and could make Elon Musk a trillionaire
SpaceX's IPO is set to be the biggest ever and could make Elon Musk a trillionaire Andrew Zinin Lead Editor SpaceX says it plans to raise up to $75 billion when it goes public this month, setting the stage for the largest-ever stock market debut and putting Elon Musk on course to becoming the world's first trillionaire. The company, formally known as Space Exploration Technologies Corp., said Wednesday it will sell 555.6 million shares at $135 a piece in an initial public offering. The...