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Menlo Ventures raised $3 billion for new AI investments, the largest fundraise in the firm's 50-year history.
SpaceX is launching its first-ever bond offering, a 5-part investment-grade deal expected to raise at least $20 billion.
SpaceX's debut bond sale received $30 billion of demand from investors before the deal was officially announced.
SpaceX received an investment-grade rating for its bond sale despite its high cash burn, a decision based on recurring revenue from its Starlink business and its role as a dominant US launch provider.
As of June 19th, SpaceX had more than $100 billion of cash on its balance sheet.
Siemens has launched an "Eigenengineering Agent" that can automatically program an industrial PC to fix precision issues in manufacturing equipment.
Siemens' Eigenengineering Agent can increase productivity by about 50% and improve programming quality by 80%.
Siemens projects it will have €9.4 billion in digital revenue in 2025 and plans to double that figure by 2030.
Oracle cut 21,000 jobs over the past year, with AI deployment across operations cited as a driver for some of the cuts.
Tencent is negotiating to sell minority stakes in multiple international gaming studios, including Japan's Marvelous, to free up capital for AI investments.
Qualcomm is in advanced talks to acquire software company Modula for approximately $4 billion.
A three-day decline in SpaceX's stock wiped more than $600 billion in market value.