SpaceX and Tesla draw ever closer

Investors wonder whether Elon Musk is preparing to merge the two companies ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

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 Apple Inc $308.91 -7.4% Amazon.com Inc $271.58 +15% Alibaba Group Holding Ltd HK$125.50 +7.3% Market data as of 03:29 AM ET. Data is subject to provider delays. Your watchlist Top Stories Dueling models: Chinese companies MiniMax and ByteDance released updates to their video-generation AI models within hours of each other. China leads in this burgeoning arena. Also Alibaba: The new Qwen3.8-Max from Alibaba rivals Anthropic’s best models, and in some cases surpasses the much more expensive Fable, in major benchmarks. Alibaba’s shares jumped 7% upon its release. Smartphone sales: Global smartphone revenue rose 7% over the June quarter, despite slumping shipments. Prices are rising to deal with component shortages. Google Earth fakes: Google said it would roll back its new AI image-generation feature in Google Earth. People were using the tool to alter satellite imagery. Must Reads Anthropic, OpenAI Cyber Failures Point to US Security Risks Cybersecurity experts are faulting Anthropic PBC and OpenAI for sloppy safeguards after their models broke into outside organizations — breaches they warned represent looming threats to national security. Moonshot’s Kimi Uses 20,000 Nvidia Chip Cluster From Alibaba Chinese AI champion Moonshot has a computing power agreement with Alibaba Group Holding Ltd. for the use of around 20,000 Nvidia Corp. chips, underscoring China’s continued reliance on Western semiconductors to fuel its AI development, according to people with knowledge of the companies’ operations. Big Tech Holds $2 Trillion of Spending Commitments for AI Boom The four largest players in the data center race have committed nearly $2.4 trillion in spending over the coming years, pointing to massive ongoing investment in AI infrastructure. Beyond The Brief Tesla investors questioned for months whether Elon Musk would merge his car company with his then-privately held rocket company, SpaceX, given their close ties on projects including a plan to build a massive computer chip factory, Ed Ludlow reports in today’s Tech In Depth. Now that SpaceX is public, with its first quarterly earnings report coming this week, its investors are asking the same question: Will the two Musk companies become one? he writes. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg’s journalists around the world. This Week In Game On Last year, the video-game studio Lightspeed LA published a quartet of videos hyping up its first game, which was called Last Sentinel, reports Jason Schreier in this week’s Game On. Standard fare for a new game — but Last Sentinel, six years in production, still isn’t out. And Lightspeed recently eliminated 80 jobs and said it would shift the direction of the game, Schreier writes. Sign up for the Game On newsletter to go deep inside the video game business with reporting and analysis from Jason Schreier. Before You Go... The 24-Hour Race to Salvage Situational Awareness’ AI Bets He was hailed as the Nostradamus of AI — a young oracle with a bold prophecy for the future. 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 |