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Anthropic says it’s disabling two AI models it launched earlier this week, Claude Fable 5 and Mythos 5, to comply with an export control directive it received Friday afternoon from the US government citing national security concerns.The unprecedented incident marks the latest flashpoint between Anthropic and the Trump administration. While the company says the order asked it to suspend access to “any foreign national, whether inside or outside the United States, including foreign national Anthropic employees,” it has removed access for all of its customers to ensure compliance.Earlier this year, Trump’s Department of Defense labeled Anthropic a “supply chain risk”…

Elon Musk is now the world’s first trillionaire after SpaceX’s public markets debut on Friday, according to Bloomberg News. The SpaceX founder and CEO owned roughly $860 billion worth of the rocket company’s stock after it was priced at $135 per share just ahead of the IPO. Combined with his stake in Tesla, and the immediate pop of SpaceX’s stock on Friday after it began trading, that’s enough to give the tech magnate — already the richest person in the world — an on-paper wealth of more than $1,000,000,000,000. SpaceX’s stock continued to climb on Friday in early trading, adding…

Anyone who works at Meta or knows anyone who works at Meta will tell you the same thing: it is not a happy place, particularly given the seemingly endless layoffs the company has executed over the last few years — cuts that have only accelerated as the company funnels billions into AI. Now, a new report in Wired suggests the company’s Applied AI team is on the verge of revolt. The drama kicked off when someone hijacked a livestreamed, employee-only presentation this week with an expletive-laden meltdown, demanding that attendees tell a senior Meta AI executive that he was “a…

Meta CEO Mark Zuckerberg’s internal announcement on Friday about a “large” companywide AI hackathon next month quickly sparked frustration and disbelief among employees.In internal messages seen by WIRED, some workers wrote that added responsibilities in the wake of recent mass layoffs at the tech giant had left them with little time to join such ancillary activities. Others said they felt discouraged from participating because of what they viewed as low morale and declining trust in management across the company.“I’m literally preoccupied with keeping the lights on for my team,” one employee wrote on Friday. “I have no incentive to participate,…

Robinhood said it has seen “record-breaking” traffic on its trading platform Friday in the hours after SpaceX’s historic public markets debut. The company shared in a post on X that “some customers experienced latency and intermittent issues” with trading but that the platform quickly recovered. SpaceX’s shares started trading on the Nasdaq stock exchange at around 11:47 a.m. ET. Those shares immediately started trading up around 11%, pushing the company’s valuation past $2 trillion — and making Elon Musk the world’s first trillionaire. In just one hour, around 263 million shares have traded, according to Nasdaq, representing around $42 billion…

One thing that seems certain about the SpaceX IPO is that it’s going to make lots of people very, very rich. Another is that you probably won’t be one of them. At least not any time soon.There’s extraordinary interest in Elon Musk’s rocket-and-AI company’s public debut, and for good reason. SpaceX was already the leading private space company in the world, its rockets shuttling astronauts to the International Space Station and its Starlink satellites providing internet connectivity to millions of people around the world. Its recent acquisition of xAI means it is also the first of the big three AI…

SpaceX lifted off on its first day as a public company, immediately jumping to $150 a share after it began trading on the Nasdaq, around 11% higher than the $135 figure at which it officially priced its IPO on Thursday. The stock price reached as high as $176 in midday trading, pushing the company’s market capitalization to nearly $2.3 trillion, before ultimately settling 19% higher at $160.95 as markets closed. The stock pop isn’t a surprise. The company’s IPO was oversubscribed by 4x, according to Bloomberg, meaning many institutional investors didn’t receive allocations and are likely buying shares on the…

Someone interrupted a livestreamed, employee-only presentation at Meta earlier this week with an expletive-filled outburst about “being the company’s bitch,” according to a recording heard by WIRED. The individual then asked the people leading the call to write to a specific Meta AI executive and “tell him that he’s a piece of shit.”One of the presenters covered their face with their hands, according to a witness. (The speaker could not be reached for comment, and the meeting’s two leaders moved on with their technical talk after asking everyone to mute, though employees commented on the stream about the “spicy” start.)The…

Google is suing to dismantle the infrastructure behind an alleged massive AI-powered cybercrime operation. On Friday, the tech giant announced a lawsuit against an alleged Chinese cybercrime network called Outsider Enterprise, which Google says uses AI in its campaigns to send scam text messages impersonating Google and other brands to steal passwords and credit card numbers.  Outsider Enterprise has financially scammed “hundreds of thousands of victims” with losses “estimated in the millions.” The group deployed 9,000 fake websites, one million fraudulent web domains, and 2.5 million texts sent to Android users in a two-week period, according to Google.  The company…

There are thousands of billionaires across the world. But there is only one trillionaire.Elon Musk became the first person to amass a personal fortune of over $1,000,000,000,000—that’s 12 zeros—after shares of his rocket company SpaceX debuted on the Nasdaq stock exchange on Friday.SpaceX’s initial public offering on Thursday valued the company at nearly $1.8 trillion, up from its most recent private valuation of around $1.25 trillion. After shares opened at $150 on Friday morning in New York and kept surging, SpaceX’s market capitalization reached about $2.2 trillion.Between Musk’s significant ownership stakes in SpaceX, his car company Tesla, and several other…

All eyes are on the SpaceX IPO — the world’s largest in history — and its CEO Elon Musk. But lest you forget, there is another publicly traded company in the Musk universe that many believe will someday 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 pitched it as an AI and robotics company, even though the bulk of its revenue still comes from selling EVs. Some see a merger with SpaceX as a critical step to achieving that vision. SpaceX president and COO Gwynne…

In China, for just $30, you can have Dwayne Johnson drive your Tesla for you. Sounds too cheap to be true? Well, it is. What you’re actually buying is a tiny replica of The Rock’s head, designed to sit above the rearview mirror and trick Tesla into thinking an attentive driver is behind the wheel. Tesla’s self-driving system appears unable to tell the difference between the figurines and a real person, allowing the actual driver to look away from the road, scroll through their phone, or even doze off—activities that are supposed to be prohibited while assisted-driving features are engaged.Last…

SpaceX has captured the attention of media, investors, and the public for years now — interest propelled by the company’s reusable rocket launches, the rise of its Starlink satellite network, and of course, for its founder and CEO Elon Musk. But in its 24-year history, nothing quite compares to this initial public offering. Everyone seems to be interested, and perhaps it’s because of the sheer size of this IPO. The company priced its 555.6 million shares at $135 each to raise $75 billion, making it the largest IPO in history. At this price, the deal also looks set to make…

With his history of involvement in pro wrestling and boxing and his zeal for garish excess—the man is a failed casino impresario, after all—it makes perfect sense that Donald Trump would want to celebrate both America’s birthday and his own with UFC cage fights on the White House lawn, sponsored by Monster Energy. If there’s been any surprise, it’s been in how the whole affair has so far failed to clear the lowest bar.The event’s promoters are certainly setting expectations high. “We’re putting on the most historic sporting event in history,” UFC hypeman and CEO Dana White told Time. One…

The video game company Electronic Arts will arrive at Cannes Lions next week with a pitch that advertisers have never heard from the publisher before: For the first time, its in-game inventory will now be available as targeted, measurable media.On Monday the company launched its first advertising platform, which is built on a proprietary ad server and SDK designed for its Frostbite game engine, according to EA vice president of advertising and sponsorship Alex Dao. The system will enable the company to serve brand placements inside EA Sports titles, which include heavyweights like EA Sports FC, Madden NFL, and College Football…

French AI lab Mistral AI is in early discussions to raise about €3 billion ($3.5 billion), Bloomberg reported Friday, citing anonymous sources. The funding round would value the company at around €20 billion (about $23.15 billion), nearly double the €11.7 billion valuation it received in a Series C funding round last September. One of Europe’s leading AI startups, Mistral launched in 2023 with the stated ambition to “put frontier AI in the hands of everyone.” The company has taken a more open approach to its AI development compared to its American rivals, offering some foundational large language models with open…