Technology

Meta employees absolutely hate Zuckerberg’s plan to hold a company-wide AI hackathon

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🔥 Discover this trending post from WIRED 📖 📂 **Category**: Business,Business / Artificial Intelligence,Hacking Away ✅ **What You’ll Learn**: Meta CEO Mark Zuckerberg's internal announcement on Friday of a "big" company-wide AI hackathon next month sparked frustration and disbelief among employees.In internal messages seen by WIRED, some workers wrote that additional responsibilities in the wake of recent mass layoffs at the tech giant left them little time to engage in such additional activities. Others said they felt discouraged from participating because of what they saw as low morale and declining trust in management across the company.“I'm literally busy keeping the…

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Meta’s months-old AI unit is a soul-crushing gulag, say engineers trapped inside

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💥 Discover this must-read post from TechCrunch 📖 📂 **Category**: AI,Social,TC,Meta 📌 **What You’ll Learn**: Anyone who works at Meta or knows anyone who works at Meta will tell you the same thing: It's not a happy place, especially in light of the endless layoffs the company has implemented over the past few years — cutbacks that have accelerated as the company funnels billions into AI. Now, a new report in Wired suggests that the company's applied AI team is on the verge of mutiny. The drama began when someone hijacked a live-streamed employee-only presentation this week with an expletive-laden…

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SpaceX IPO closes 19% and delivers world’s first trillionaire

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🚀 Read this must-read post from TechCrunch 📖 📂 **Category**: Space,Transportation,Elon Musk,IPO,SpaceX,spacex ipo 📌 **What You’ll Learn**: SpaceX broke ground on its first day as a public company, immediately jumping to $150 a share after it began trading on the Nasdaq, roughly 11% higher than the $135 figure it formally priced its initial public offering on Thursday. The stock price hit $176 at midday, pushing the company's market cap to nearly $2.3 trillion, before eventually settling 19% higher at $160.95 as markets closed. The stock's pop is no surprise. The company's IPO was four times oversubscribed, according to Bloomberg, meaning…

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A Chinese cybercrime operation that used artificial intelligence to defraud “hundreds of thousands of victims” has been sued by Google

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✨ Discover this must-read post from TechCrunch 📖 📂 **Category**: AI,Security,Android,cybercrime,cybersecurity,Google,In Brief,scams 💡 **What You’ll Learn**: Google has filed a lawsuit to dismantle the infrastructure behind an alleged massive AI-driven cybercrime operation. The tech giant on Friday announced a lawsuit against an alleged Chinese cybercrime network called Outsider Enterprise, which Google says uses artificial intelligence in its campaigns to send fraudulent text messages impersonating Google and other brands to steal passwords and credit card numbers. Outsider Enterprise financially defrauded “hundreds of thousands of victims” with losses “in the millions.” The group posted 9,000 fake websites, 1 million fraudulent web domains,…

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SpaceX CEO Gwynne Shotwell just gave another hint about the Tesla merger

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✨ Discover this trending post from TechCrunch 📖 📂 **Category**: Space,Transportation,Elon Musk,Gwynne Shotwell,In Brief,SpaceX ✅ **What You’ll Learn**: All eyes are on the IPO of SpaceX - the world's largest in history - and its CEO Elon Musk. But lest you forget, there's another publicly traded company in Musk's world that many believe will one day merge with SpaceX. We're talking about Tesla, which has a current market cap of about $1.26 trillion. Musk, who also leads Tesla, has portrayed it as a company specializing in artificial intelligence and robotics, although the bulk of its revenue still comes from selling…

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SpaceX IPO: Live updates on everything you need to know

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🚀 Read this awesome post from TechCrunch 📖 📂 **Category**: AI,Space,Transportation,Elon Musk,IPO,SpaceX,spacex ipo ✅ **What You’ll Learn**: SpaceX has captured the attention of the media, investors, and the public for years now — attention driven by the company's launches of reusable rockets, the rise of its Starlink satellite network, and, of course, its founder and CEO Elon Musk. But in its 24-year history, nothing has matched this initial public offering. Everyone seems interested, and that's probably due to the sheer size of this IPO. The company priced its 555.6 million shares at $135 per share to raise $75 billion, making…

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Mistral is rumored to raise €3 billion at a €20 billion valuation

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🚀 Check out this must-read post from TechCrunch 📖 📂 **Category**: AI,Fundraising,In Brief,Mistral AI ✅ **What You’ll Learn**: French AI lab Mistral is in early discussions to raise about 3 billion euros ($3.5 billion), Bloomberg reported on Friday, citing anonymous sources. The funding round will value the company at approximately €20 billion (about $23.15 billion), nearly double the €11.7 billion valuation it received in its Series C funding round last September. Mistral, one of Europe's leading AI startups, launched in 2023 with a stated ambition to “put leading-edge AI into everyone's hands.” The company has taken a more open approach…

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SpaceX starts at $150, an 11% increase from its expected debut in history

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🔥 Read this awesome post from TechCrunch 📖 📂 **Category**: Space,Transportation,Elon Musk,SpaceX ✅ **What You’ll Learn**: SpaceX broke ground on its first day as a public company, immediately jumping to $150 a share after it began trading on the Nasdaq, roughly 11% higher than the $135 figure it formally priced its initial public offering on Thursday. The stock's pop is no surprise. The company's IPO was four times oversubscribed, according to Bloomberg, meaning many institutional investors did not receive allocations and would likely buy shares on the open market. Demand for SpaceX is also a function of its small float,…

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Elon Musk has become the world’s first trillionaire after SpaceX’s historic IPO

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🚀 Explore this trending post from TechCrunch 📖 📂 **Category**: Space,Transportation,Elon Musk,SpaceX,Tesla 💡 **What You’ll Learn**: Elon Musk is now the world's first trillionaire after SpaceX made its public market debut on Friday, according to Bloomberg News. The SpaceX founder and CEO owns nearly $860 billion worth of the rocket company's stock after it was priced at $135 a share before its IPO. Combined with his Tesla stake, and the immediate rise in SpaceX stock on Friday after the start of trading, that's enough to give the tech mogul - already the richest person in the world - a paper…

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Crypto guys bought the answer to the CIA’s mysterious Kryptos sculpture

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✨ Check out this must-read post from WIRED 📖 📂 **Category**: Business,Business / Tech Culture,Backchannel 💡 **What You’ll Learn**: On a windy day in March, artist Jim Sanborn greeted visitors at his studio on an isolated island in the Chesapeake Bay. The visitors made him sit in front of a laptop, and he wrote a secret message. They compressed the message using a unique hash function, sent it to the cloud, and wiped the laptop clean. Sanborn hoped this action would lead to his release. But did you do it?This is the latest development in the story of Kryptos, the…

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