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SpaceX Acquires xAI in $1.25 Trillion All-Stock Deal
Elon Musk's SpaceX has acquired his AI startup xAI in an all-stock deal that values the combined entity at $1.25 trillion, ahead of what would be the largest initial public offering in history. SpaceX pegged its own valuation at $1 trillion -- a markup from the $800 billion it commanded in a Decembe...
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Leica Camera's Owners Weigh $1.2 Billion Sale of Controlling Stake
The owners of Leica Camera AG -- Austrian billionaire Andreas Kaufmann and private equity giant Blackstone -- are considering a sale of a controlling stake in the German camera maker in a deal that could value the company at about $1.2 billion, Bloomberg reported, citing people familiar with the mat...
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The AI Boom Is Coming for Apple's Profit Margins
Apple's long-standing dominance over its electronics supply chain is eroding as AI companies outbid the iPhone maker for critical components like chips, memory and specialized glass fiber, giving suppliers the leverage to demand that Apple pay more. CEO Tim Cook acknowledged the pressure during a Th...
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Starbucks Bets on Robots To Brew a Turnaround in Customers
Starbucks has been pouring hundreds of millions of dollars into AI and automation -- testing robots that take drive-through orders, virtual assistants that help baristas recall recipes and manage schedules, and scanning tools that count inventory -- as the 55-year-old coffee chain tries to reverse s...
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Linux Kernel Developer Chris Mason's New Initiative: AI Prompts for Code Reviews
Phoronix reports:
Chris Mason, the longtime Linux kernel developer most known for being the creator of Btrfs, has been working on a Git repository with AI review prompts he has been working on for LLM-assisted code review of Linux kernel patches. This initiative has been happening for some weeks n...
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