SpaceX has a GPU problem

SpaceX’s IPO filing repeatedly warns that current AI chip supply may be insufficient for its plans. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Here’s your wrap of the latest must-read tech news. For more expansive and analytical coverage from around the globe, get the Tech In Depth newsletter. Market Snapshot Semiconductor Manufacturing International Corp HK$84.40 +5.7% Lenovo Group Ltd HK$18.19 +15% Delivery Hero SE €37.76 +0.7% Market data as of 05:01 AM ET. Data is subject to provider delays. Your watchlist Top Stories Pope is pro-human: Pope Leo XIV said artificial intelligence should be “disarmed” to protect humanity from its dangers. The pontiff doesn’t want to see humanity dominated by technology. Chipmaking hype: Huawei announced its own version of Moore’s Law and promised to make chips equivalent to 1.4nm by 2031. Chinese semiconductor stocks bounced up in Hong Kong the following day. AI skills market: Big banks, caught up in AI angst, are looking to hire more AI specialists and shrink traditional banking roles. A pair of former SoftBank fund managers are now selling confidence and fluency to firms hungry for that transformation. Their fee is $25,000 per day. Top Reads Xiaomi Short Bets Hit Record on Cost Worries Before Earnings Traders pushed bearish bets on Xiaomi to a record ahead of first-quarter earnings amid concerns over rising memory costs and escalating rivalry in China’s EV market. Starbucks Korea Executives Apologize as Boycott Hits Revenue Top executives issued public apologies and warned of “substantial” declines in revenue after Starbucks Korea was hit with a boycott campaign in response to a botched promotional event that referenced a highly sensitive 1980s massacre to sell tumblers. Japan Cablemaker Rout Exposes Cracks in AI Infrastructure Rally A $40 billion selloff in a 141-year-old Japanese cable firm has served as a reality check on the fragility of the global AI-driven stock rally. Beyond The Brief Elon Musk’s SpaceX filed its S-1 document ahead of what’s shaping up to be a historic IPO. Embedded in the filing is a series of warnings about AI chip procurement and fragile supply chains, which are already straining SpaceX’s development plans on Earth and are likely be even more challenging for plans in space, writes Ed Ludlow. Read his full Tech In Depth essay today for a breakdown of the S-1 and to see what Jensen Huang told Ed last week. Before You Go... Ferrari Rolls Out Five-Seat Fully Electric Car in Brand First Ferrari NV unveiled its first fully electric car, a five-seat model priced at €550,000 ($640,000) that marks a sharp break from the sports-car maker’s fuel-burning heritage. Read more We’re improving your newsletter experience and we’d love your feedback. If something looks off, help us fine-tune your experience by reporting it here. Follow Us You received this message because you are subscribed to Bloomberg’s Tech In Brief newsletter. If a friend forwarded you this message, sign up here to get it in your inbox. Unsubscribe Bloomberg.com Contact Us Bloomberg L.P. 731 Lexington Avenue New York, NY 10022 |