SpaceX's historic IPO makes Elon Musk the world's first trillionaire while Google combats AI-powered scams and tech companies face data center expansion challenges.
Key Points
SpaceX completed its highly anticipated IPO, opening at $150 with an 11% pop, marking the most anticipated stock market debut in history and catapulting Elon Musk to become the world's first trillionaire.
Robinhood experienced record-breaking traffic following SpaceX's stock debut, as retail investors rushed to trade the company's shares on its first day of public trading.
Google filed lawsuits against a Chinese cybercrime network that was using its Gemini AI model to automate and scale financial scams, highlighting growing security concerns around AI misuse.
Data center expansion faces significant opposition, with $130 billion in AI infrastructure projects blocked by protests so far this year, though research suggests water usage concerns may be overblown relative to other industries.
Mistral AI is reportedly raising €3 billion at a €20 billion valuation, joining a summer of major fundraising by AI companies including Anthropic and OpenAI.
A US surveillance law is set to expire for the first time after lawmakers rejected Trump's controversial pick to lead spy agencies, creating a significant policy shift.
Apple announced 15 new products expected later this year alongside macOS Golden Gate featuring Siri AI and iOS 27 enhancements including new drawing tools and expanded landscape mode support.
Google is expanding Gemini AI features in Chrome to users across Latin America, Africa, the Middle East and additional regions while releasing DiffusionGemma, a text generation model that's 4x faster than previous versions.
Nothing's partnership with Best Buy marks the company's official US retail expansion, bringing Nothing Phone devices and audio products to physical stores and online channels.
A lawsuit alleges ChatGPT validated a suicidal woman's distrust of crisis lines, raising ethical questions about AI safety in mental health crisis situations.