Elon Musk has become the world’s first trillionaire thanks to his company SpaceX, which now has the biggest IPO of all time. Public trading in the company has put it's valuation at over $2tn. The eye-watering sums of money pouring into AI are also boosting other tech titans, including OpenAI and Anthropic. Both companies are expected to go public this year with nearly trillion-dollar valuations. The Guardian’s US tech editor Blake Montgomery tells Kai Wright that with these IPOs, all our financial futures are forever tied to AI’s success, and more worryingly, its possible failure
Continue reading...
Business
·
Elon Musk is a trillionaire now. Is that bad for the economy? – Stateside with Kai and Carter
CN
CitrixNews Staff
Originally reported by The Guardian. Read the full story at the original source.
Related Articles
Business
'It's rough out here': Americans struggle with rising inflation
Image source, Kathryn VaughnImage caption, Kathryn Vaughn works many odd jobs to supplement her teacher's salaryByA...
CitrixNews Staff
·
50 minutes ago
Business
Netflix, Facing Slowing Growth, Cuts 6% of Its Work Force
The streamer’s share price is down more than 40 percent over the last year as the company has struggled with stalling en...
CitrixNews Staff
·
50 minutes ago
Business
Toilet paper and secret recorders: What we know about the arrest of the Saudi OpenAI engineer
Image source, Reuters/DOJImage caption, A recording device (R) was wrapped in toilet paper and plugged into a TV (L)ByLa...
CitrixNews Staff
·
53 minutes ago
Business
Netflix to cut 1,000 jobs worldwide
Image source, Michael Yanow/NurPhoto via Getty ImagesByTom EspinerBusiness reporterPublished9 minutes agoNetflix has sai...
CitrixNews Staff
·
56 minutes ago