News & Updates
The latest news and updates from companies in the WLTH portfolio.
Musk leaves door open to Tesla-SpaceX merger
Elon Musk has suggested a possible merger between Tesla and SpaceX, citing increasing overlap. Investors now believe a combination of these companies is highly probable within years. Tesla already supplies batteries and manufacturing technologies for SpaceX projects. The companies are also jointly developing a semiconductor manufacturing facility for AI chips. However, regulatory approvals and governance complexities present significant hurdles to any such transaction. Tesla CEO Elon Musk on Wednesday left the door open to the EV maker merging with his other trillion-dollar-plus-valued firm SpaceX, declining to dismiss the possibility and citing growing overlap between the companies. "As you can tell from the many collaborations on so many fronts with SpaceX, there's more and more overlap," Musk said on Tesla's earnings call. "We can't talk about, you know, combining companies and that kind of thing on an earnings call," he added. Also Read: Elon Musk breaks the $800 billion barrier after SpaceX-xAI mega merger "It's got to be done with the appropriate process." Investors and analysts have long speculated about the possibility of combining Musk's electric vehicle and space firms, with the discussion intensifying during SpaceX's record $75 billion initial public offering process. After Musk's comments, he called on Tesla General Counsel Brandon Ehrhart, who stuck to boilerplate language calling SpaceX a "great partner" that provides "numerous beneficial transactions." Gene Munster, managing partner at Tesla investor Deepwater Asset Management, said the call left him more convinced the companies were destined to be joined over the next few years. "I would put the odds that these two will combine at 90% today," he said in a video posted on social media. "If you were going to ask me yesterday I would have said it's 80%." Tesla already supplies batteries and manufacturing technologies for some SpaceX projects, while the companies are jointly developing Terafab, a semiconductor manufacturing facility designed to produce AI chips. Also Read: Elon Musk's SpaceX in merger talks with xAI ahead of planned IPO, source says Proponents argue that combining the companies could simplify Musk's corporate empire and create a more integrated company spanning artificial intelligence, robotics, manufacturing, energy and space infrastructure. JPMorgan analysts said this month that "operational integration between the two entities is already deep," citing shared engineering talent, AI infrastructure, Terafab and Musk's leadership as factors that "would facilitate an eventual combination." Stifel analysts struck an even more bullish note, writing that "many investors consider it inevitable that Musk will move to combine SpaceX with Tesla - for them the question is not if but when." SpaceX President and Chief Operating Officer Gwynne Shotwell has also acknowledged potential benefits, telling CNBC in June that folding the companies together "might make Elon's life a little easier" by streamlining management across his businesses. Others, however, caution that any transaction could face formidable hurdles. In the same research note, JPMorgan pointed to the "practical bottleneck" of getting regulatory approvals for both companies, particularly in China, where national security concerns over SpaceX's U.S. government ties could pose problems. Analysts also note that Musk controls a much larger voting stake in SpaceX than in Tesla, complicating governance considerations for Tesla's public shareholders.
Elon Musk Fuels Tesla-SpaceX Merger Speculation Amid Growing Overlap
Elon Musk Leaves Door Open to Tesla-SpaceX Merger as Overlap Grows Speculation Grows Around Potential Tesla-SpaceX Merger By Akash Sriram and Chris Kirkham July 22 (Reuters) - Tesla CEO Elon Musk on Wednesday left the door open to the EV maker merging with his other trillion-dollar-plus-valued firm SpaceX, declining to dismiss the possibility and citing growing overlap between the companies. Comments from Musk Fuel Merger Rumors "As you can tell from the many collaborations on so many fronts with SpaceX, there's more and more overlap," Musk said on Tesla's earnings call. "We can't talk about, you know, combining companies and that kind of thing on an earnings call," he added. "It's got to be done with the appropriate process." Investor and Analyst Reactions Investors and analysts have long speculated about the possibility of combining Musk's electric vehicle and space firms, with the discussion intensifying during SpaceX's record $75 billion initial public offering process. After Musk's comments, he called on Tesla General Counsel Brandon Ehrhart, who stuck to boilerplate language calling SpaceX a "great partner" that provides "numerous beneficial transactions." Market Sentiment and Predictions Gene Munster, managing partner at Tesla investor Deepwater Asset Management, said the call left him more convinced the companies were destined to be joined over the next few years. "I would put the odds that these two will combine at 90% today," he said in a video posted on social media. "If you were going to ask me yesterday I would have said it's 80%." Existing Collaborations and Synergies Tesla already supplies batteries and manufacturing technologies for some SpaceX projects, while the companies are jointly developing Terafab, a semiconductor manufacturing facility designed to produce AI chips. Proponents argue that combining the companies could simplify Musk's corporate empire and create a more integrated company spanning artificial intelligence, robotics, manufacturing, energy and space infrastructure. Analyst Insights on Integration JPMorgan analysts said this month that "operational integration between the two entities is already deep," citing shared engineering talent, AI infrastructure, Terafab and Musk's leadership as factors that "would facilitate an eventual combination." Stifel analysts struck an even more bullish note, writing that "many investors consider it inevitable that Musk will move to combine SpaceX with Tesla -- for them the question is not if but when." Executive Perspectives SpaceX President and Chief Operating Officer Gwynne Shotwell has also acknowledged potential benefits, telling CNBC in June that folding the companies together "might make Elon's life a little easier" by streamlining management across his businesses. Challenges and Considerations Regulatory and Governance Hurdles Others, however, caution that any transaction could face formidable hurdles. In the same research note, JPMorgan pointed to the "practical bottleneck" of getting regulatory approvals for both companies, particularly in China, where national security concerns over SpaceX's U.S. government ties could pose problems. Analysts also note that Musk controls a much larger voting stake in SpaceX than in Tesla, complicating governance considerations for Tesla's public shareholders. (Reporting by Akash Sriram in Bengaluru, Chris Kirkham in Los Angeles and Abhirup Roy in San Francisco; Editing by Mike Colias and Jamie Freed)
China's Moonshot AI stole from Anthropic, Trump tech adviser says - VANNY RADIO
A White House adviser has accused China's Moonshot AI of a "large scale" effort to steal the capabilities of top US artificial intelligence (AI) models. US President Donald Trump's Science and Technology adviser Michael Kratsios said Moonshot AI carried out the campaign through what is known as distillation - when a weaker AI model extracts answers from a stronger one. Moonshot also gained access to restricted cutting-edge Nvidia servers to train its models, Kratsios said in a social post, external on Wednesday. The BBC has contacted Moonshot, Anthropic, the White House and Nvidia for comment. Kratsios said on X that the US government has information that Moonshot AI "distilled" capabilities from Anthropic's Fable AI for the development of its K3 model. Kimi K3 gained attention around the world after it was unveiled last week, with many believing it to have narrowed the gap between Western and Chinese AI models. Moonshot said its K3 model is able to rival top US technology. Kratsios' allegations come just a day after Treasury Secretary Scott Bessent said the US would examine whether Chinese AI models have stolen the capabilities from American rivals. "We've seen a lot of talk about open-source models coming and threatening the large language models in the US," Bessent told Fox Business on Tuesday. "If we see, especially, that overseas models are stealing from our great companies, we have the ability to sanction them," he added. The increased scrutiny by the US of Chinese AI companies also comes as Trump is expected to meet his Chinese counterpart Xi Jinping in September.
William R. Timmons IV from South Carolina's 4th district invests in SpaceX By Investing.com
Congressman William R. Timmons IV, representing South Carolina's 4th congressional district, has made a significant investment in SpaceX, according to the latest Periodic Transaction Report. The report indicates that Timmons invested between $50,001 and $100,000 in SpaceX (OTC:SPCX) on June 15, 2026. The transaction was made via SCH Invest, an investment vehicle owned by the congressman. The investment comes as SpaceX shares trade at $115.27, near their 52-week low of $115.19, following a 12% decline over the past week. SpaceX, founded by Elon Musk, is a private American aerospace manufacturer and space transportation company. It is known for developing the Falcon and Starship rockets, and launching the first commercially built spacecraft to deliver cargo to the International Space Station. The investment in SpaceX is a noteworthy move for Timmons, who has shown interest in the space industry in the past. The transaction was disclosed as required by the STOCK Act, which mandates that members of Congress report their transactions within 45 days. This investment comes at a time when SpaceX continues to make significant advancements in its space exploration efforts. The company has been making regular launches and has ambitious plans for future missions to Mars. According to InvestingPro analysis, SpaceX currently appears overvalued relative to its Fair Value, though analysts predict the company will turn profitable this year after recent losses. The report did not indicate whether the investment resulted in capital gains exceeding $200 for Timmons. As with any investment, the value can fluctuate based on a variety of factors. It's worth noting that this transaction does not necessarily indicate a direct endorsement of SpaceX by Timmons. As with any investment, it's important for investors to conduct their own research and consider their own risk tolerance. This report provides a glimpse into the investment activities of our lawmakers. It is part of the ongoing effort to promote transparency in government and ensure that public officials are held to the same standards as private citizens. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Musk keeps Tesla-SpaceX merger speculation alive, cites growing overlap
Tesla, Inc. designs, builds, and sells electric vehicles. Net sales break down by activity as follows: - sale of automotive vehicles (69.4%); - sale of energy generation and storage systems (13.5%); - services (13.2%): primarily maintenance and repair services. The group also develops sale of power train assembly components for electric vehicles activity; - automotive credits (2.1%); - automotive leasing (1.8%). At the end of 2025, the group had 8 manufacturing sites located in the United States (5), China (2) and Germany. Net sales are distributed geographically as follows: the United States (50.2%), China (22.1%) and other (27.7%).
China's Moonshot AI stole from Anthropic, Trump tech advisor says
A White House advisor has accused China's Moonshot AI of a "large scale" effort to steal the capabilities of top US artificial intelligence (AI) models. US President Donald Trump's Science and Technology advisor Michael Kratsios said Moonshot AI carried out the campaign through what is known as distillation - when a weaker AI model extracts answers from a stronger one. Moonshot also gained access to restricted cutting-edge Nvidia servers to train its models, Kratsios said in a social post on Wednesday. The BBC has contacted Moonshot, Anthropic, the White House and Nvidia for comment. Kratsios said on X that the US government has information that Moonshot AI "distilled" capabilities from Anthropic's Fable AI for the development of its K3 model. Kimi K3 gained attention around the world after it was unveiled last week, with many believing it to have narrowed the gap between Western and Chinese AI models. Moonshot said its K3 model is able to rival top US technology. Kratsios' allegations come just a day after Treasury Secretary Scott Bessent said the US would examine whether Chinese AI models have stolen the capabilities from American rivals. "We've seen a lot of talk about open-source models coming and threatening the large language models in the US," Bessent told Fox Business on Tuesday. "If we see, especially, that overseas models are stealing from our great companies, we have the ability to sanction them," he added. The increased scrutiny by the US of Chinese AI companies also comes as Trump is expected to meet his Chinese counterpart Xi Jinping in September.
China's Moonshot AI stole from Anthropic, Trump tech advisor says
Add Yahoo as a preferred source to see more of our stories on Google. A White House advisor has accused China's Moonshot AI of a "large scale" effort to steal the capabilities of top US artificial intelligence (AI) models. US President Donald Trump's Science and Technology advisor Michael Kratsios said Moonshot AI carried out the campaign through what is known as distillation - when a weaker AI model extracts answers from a stronger one. Moonshot also gained access to restricted cutting-edge Nvidia servers to train its models, Kratsios said in a social post on Wednesday. The BBC has contacted Moonshot, Anthropic, the White House and Nvidia for comment. Kratsios said on X that the US government has information that Moonshot AI "distilled" capabilities from Anthropic's Fable AI for the development of its K3 model. Kimi K3 gained attention around the world after it was unveiled last week, with many believing it to have narrowed the gap between Western and Chinese AI models. Moonshot said its K3 model is able to rival top US technology. Kratsios' allegations come just a day after Treasury Secretary Scott Bessent said the US would examine whether Chinese AI models have stolen the capabilities from American rivals. "We've seen a lot of talk about open-source models coming and threatening the large language models in the US," Bessent told Fox Business on Tuesday. "If we see, especially, that overseas models are stealing from our great companies, we have the ability to sanction them," he added. The increased scrutiny by the US of Chinese AI companies also comes as Trump is expected to meet his Chinese counterpart Xi Jinping in September.
China's Moonshot AI stole from Anthropic, Trump tech advisor says
A White House advisor has accused China's Moonshot AI of a "large scale" effort to steal the capabilities of top US artificial intelligence (AI) models. US President Donald Trump's Science and Technology advisor Michael Kratsios said Moonshot AI carried out the campaign through what is known as distillation - when a weaker AI model extracts answers from a stronger one. Moonshot also gained access to restricted cutting-edge Nvidia servers to train its models, Kratsios said in a social post on Wednesday. The BBC has contacted Moonshot, Anthropic, the White House and Nvidia for comment. Kratsios said on X that the US government has information that Moonshot AI "distilled" capabilities from Anthropic's Fable AI for the development of its K3 model. Kimi K3 gained attention around the world after it was unveiled last week, with many believing it to have narrowed the gap between Western and Chinese AI models. Moonshot said its K3 model is able to rival top US technology. Kratsios' allegations come just a day after Treasury Secretary Scott Bessent said the US would examine whether Chinese AI models have stolen the capabilities from American rivals. "We've seen a lot of talk about open-source models coming and threatening the large language models in the US," Bessent told Fox Business on Tuesday. "If we see, especially, that overseas models are stealing from our great companies, we have the ability to sanction them," he added. The increased scrutiny by the US of Chinese AI companies also comes as Trump is expected to meet his Chinese counterpart Xi Jinping in September.
Elon Musk Fuels SpaceX-Tesla Merger Speculation After Earnings Call
The possibility of a merger between Tesla (NASDAQ: TSLA) and SpaceX gained fresh attention after Tesla's second-quarter earnings call, with Deepwater Management's Gene Munster increasing the odds of a deal taking place in the coming years. In a post on X, Munster said he now sees a 90% chance of a SpaceX-Tesla merger, up from his previous estimate of 80%. He pointed to comments made during Tesla's earnings call, where Elon Musk addressed an analyst's question about combining the two companies instead of dismissing the topic outright. Musk highlighted the growing collaboration between Tesla and SpaceX, particularly through Terafab, a chipmaking venture backed by both companies. He noted that the businesses are working together across multiple areas, reflecting increasing operational overlap. "Obviously, we can't talk about combining companies and that kind of thing on an earnings call. It's got to be done with the appropriate process," Musk said, signaling that any potential merger would require formal corporate and regulatory procedures. Speculation has intensified since SpaceX's June public market debut, which initially pushed the aerospace company's valuation to about $2.6 trillion. Although its valuation has since dropped by roughly $1 trillion amid concerns over pricing and anticipated insider share sales, investors continue to debate whether closer integration with Tesla could unlock additional value. The two Musk-led companies already maintain a significant commercial relationship. SpaceX uses Tesla's battery storage systems to support its artificial intelligence data centers, while Tesla has integrated SpaceX's Grok AI assistant into its vehicles. Tesla has also supplied vehicles to SpaceX, further strengthening ties between the businesses. Musk has previously combined several of his companies. Most recently, xAI was merged into SpaceX before the rocket company's IPO. Tesla also acquired SolarCity in 2016, a transaction that faced shareholder litigation but was ultimately upheld in Musk's favor in 2022. Tesla shares fell nearly 4% in after-hours trading following its second-quarter earnings report, after the electric vehicle maker missed profit expectations and reported negative free cash flow, adding pressure to the stock despite renewed investor interest in a potential merger with SpaceX.
Anthropic
OpenAI has pushed ChatGPT into the cultural mainstream through creator collaborations, advertising, sports sponsorships and everyday-use storytelling. Google Gemini dominates India's organic AI creator conversation by volume, while Perplexity has gained visibility through partnerships such as its tie-up with Airtel. Claude, by comparison, has largely stayed away from the loudest layer of India's AI marketing ecosystem. The absence is striking because India is already a major market for Anthropic. Industry executives say it is Claude's second-largest market globally, while the company has expanded through a Bengaluru office, local leadership and partnerships with large technology services firms. The question is whether its developer-first and enterprise-first strategy can translate into consumer mindshare without a more visible creator play. Rahul Khanna, Founder and CEO of BarCode, said the premise that Anthropic is ignoring India needs to be corrected. "Anthropic isn't ignoring India. India is Claude's second-largest market globally, their Bengaluru office opened in February, and their India revenue has doubled in under six months. What they've skipped, deliberately, is the creator layer," Khanna said. "Nearly half of Claude's Indian usage is code and technical work. That tells you exactly who they've reached and who they haven't." Enterprise first, creators later People familiar with Anthropic's India strategy said its go-to-market model is driven by developers, enterprises, systems integrators and channel partnerships rather than mass consumer awareness. Nearly half of Claude's India usage is estimated to come from computational and development-related work, including application development and legacy modernisation, rather than general consumer chat activity, one person said. Anthropic's India expansion has included a global premier partnership with Tata Consultancy Services, under which around 50,000 associates are expected to gain access to Claude, and a Cognizant deployment covering approximately 350,000 employees. The company has also highlighted enterprise users including Air India, CRED and Razorpay. "This is a systems-integrator and direct-enterprise-sales motion, not a mass-awareness motion," the person said. The source added that Anthropic's India infrastructure remains relatively young, with its local office, leadership and partnerships function taking shape only recently. "Sequencing-wise, an enterprise foundation typically precedes consumer brand spend. It does not necessarily need to run in parallel," the person said. Khanna said Anthropic's restraint should not automatically be read as a marketing failure. "Anthropic's restraint isn't a mistake. It's a positioning choice. They've built the serious AI brand: safety, enterprise, trust," he said. "In India, the model that creators teach becomes the model the country uses. A 22-year-old in Indore doesn't choose an AI because of benchmark scores. She chooses the one her favourite creator opened on screen," Khanna said. ChatGPT and Gemini are fighting a different battle Another industry source said OpenAI's consumer and advertising ambitions require mass daily usage and cultural familiarity, while Anthropic's India monetisation remains more API-led and seat-based. "That does not require the same consumer acquisition funnel," the person said. The difference can also be seen in the companies' brand voices. Anthropic's public positioning in India has centred on safety, technical capability, enterprise trust and CIO-facing use cases. OpenAI has presented ChatGPT as a tool for students, professionals, creators and families. "Paid influencer and brand campaigns are a consumer customer-acquisition play," the source said. "Anthropic's India go-to-market spending appears to be going into partner enablement and enterprise relationships, which is a lower-cost and faster path to enterprise revenue than building consumer awareness from zero." Shudeep Majumdar, CEO and Co-Founder of Zefmo, said Anthropic appears to be prioritising developers, businesses and partnerships over everyday consumers. "Claude is already popular among Indian developers, so Anthropic may feel it can grow through tech communities and enterprise tie-ups. ChatGPT, on the other hand, is positioning itself as a tool for everyone, be it students, professionals, creators and families, making influencer marketing a natural choice," he said. "In India, creators do not just promote technology, but they also help people understand how to use it," he said. Gemini dominates volume, but Claude reaches influential audiences Among four widely discussed AI brands in India's organic creator ecosystem, Google Gemini accounts for 66.98% of posts and 64.65% of creators, according to data shared by an industry source. ChatGPT follows with 25.33% of posts and 28.84% of creators. The reach data is more nuanced. ChatGPT accounts for 42.46% of reach, close to Gemini's 47.97%. Claude's reach share stands at 8.75%, nearly twice its creator share of 4.63%. Kalyan Kumar, Co-founder and CEO of KlugKlug, said ChatGPT continues to dominate social conversation because of its first-mover advantage and accumulated visibility. "Anthropic, however, appears to be taking a more measured approach. Rather than chasing mass visibility, it seems focused on building deeper credibility within developer communities and among more sophisticated AI users," Kumar said. "That strategy is helping it earn early advocacy from users who engage with AI in more nuanced and intensive ways." Is Claude's creator presence larger than it appears? A top source said Anthropic may not be entirely absent from India's creator ecosystem. Claude already has a visible body of content that often reads as personal recommendation rather than formal paid promotion. "The brand has a significant organic-looking creator presence in India, with a large number of creators producing Claude-focused content that reads as personal recommendation rather than paid promotion," they said. The source said Claude's paid footprint may be larger than declared partnership data captures, though undeclared commercial relationships cannot be reliably separated from organic advocacy. Creators are becoming AI's onboarding layer Sanya Bajaj, Co-founder of Crack'd, said Anthropic's relatively quiet creator strategy reflects a different philosophy of category creation rather than simply lower marketing investment. "The company has largely positioned Claude as an enterprise-grade AI assistant for developers and knowledge workers, whereas ChatGPT has pursued a consumer-first go-to-market strategy by investing heavily in education, creator partnerships and everyday use cases," Bajaj said. "The difference isn't just the marketing spend. It is a different approach to category creation." Bajaj said India's influencer marketing industry is expected to reach between Rs 4,500 crore and Rs 5,000 crore by 2027, growing at more than 22% annually, while the country's broader creator ecosystem has crossed 100 million participants. "They have become the distribution layer for new technologies, translating complex AI capabilities into relatable, everyday use cases," she said. "In AI, the first battle isn't model superiority. It is cognitive availability. People rarely compare products they haven't first learned how to use," Bajaj said. "For AI companies, creators are no longer a mere marketing channel. They are the missing layer between product innovation and mass adoption," she said. What could Anthropic's India creator play look like? Bajaj said Anthropic does not need celebrity influencers. "Its opportunity lies in building a creator-led ecosystem around developers, AI educators, founders and productivity experts who can demonstrate why Claude is differentiated," she said. "If ChatGPT is winning through ubiquity, Anthropic can win through expertise. But in India's highly community-driven digital ecosystem, remaining largely absent from creator conversations risks conceding mindshare long before consumers ever compare model capabilities." Khanna proposed a similar model. "The window is still open, and it's a better window than the one OpenAI took. Anthropic doesn't need 500 creators doing trends," he said. "It needs 500 of India's most credible builder-creators: coders, finance educators, founders and teachers, showing what Claude actually does. Depth over noise. That's on-brand for them, and it's the campaign India hasn't seen yet from any AI company." "ChatGPT became a household word in India the same way every consumer brand does here: through creators. Not through product superiority, but through cultural fluency," he said. "Creator marketing is no longer just distribution for AI companies. It's training data for their competitors," Khanna said. "Whoever builds the creator layer first shapes what every AI in India says about AI. That's the real stakes of this game." Anthropic's enterprise-first strategy may build revenue and credibility before consumer awareness. The risk is that rivals cement mindshare before Claude reaches mainstream users. "Nothing works in India until it's localised, and everything works in India once it is," Khanna said. "The question isn't whether creator marketing works for AI brands here. ChatGPT already proved it does. The question is whether Anthropic wants its India story written by developers alone, or by the 800 million Indians who'll meet AI through a screen held by someone they trust." For now, Anthropic's apparent play is clear: establish Claude through developers, enterprise customers and technology partners before investing heavily in consumer visibility. As Gemini dominates creator volume and ChatGPT builds cultural familiarity through campaigns and everyday storytelling, Anthropic may be succeeding with precisely the users it wants. But the users it has not yet tried to reach could determine whether Claude remains India's specialist AI assistant or becomes a mainstream one.
Judge approves a $1.5B Anthropic settlement over pirated books used to train the Claude chatbot
A federal judge has approved a $1.5 billion copyright settlement in which artificial intelligence company Anthropic will pay thousands of authors about $3,000 per book after using pirated copies of their works to train its Claude chatbot. District Judge Araceli Martínez-Olguín said in a Monday ruling that the class-action settlement provides "meaningful relief" to affected authors and publishers. About 91% of the more than 482,000 books covered by the ruling have been claimed by authors or publishers who are now due payment. Plaintiff attorney Justin Nelson said in a statement that the settlement was "the largest known copyright recovery in history. We look forward to making distributions to the Class as promptly as possible." U.S. District Judge William Alsup issued the preliminary approval in San Francisco federal court last September and has since retired. Alsup had dealt the case a mixed ruling last summer, finding that training AI chatbots on copyrighted books wasn't illegal but that Anthropic wrongfully acquired millions of books through pirate websites. Bestselling thriller novelist Andrea Bartz first brought the suit with two other authors in 2024.
Oklo, X-Energy Join $200 Million Federal Nuclear Push For AI: Bloomberg
Bloomberg reports that reactor developers Oklo and X-energy are joining a $200 million Trump administration-led program designed to speed new nuclear power plants for artificial intelligence data centers. Details could be announced Wednesday at a Department of Energy AI energy summit. Microsoft and Nvidia are also involved in the previously announced initiative, while several DOE national laboratories and the University of Texas at Austin are slated to share $60 million over three years, according to a document seen by Bloomberg. "Among the goals of the latest initiative are steep reductions in time needed to design, license and build new plants, as well as cuts in the number of staff needed to run them" X-energy jumped as much as 12% after hours, while Oklo gained as much as 9.9%. The program reportedly targets steep reductions in the time and workforce required to design, license, build and operate reactors. It would join a rapidly expanding federal nuclear support stack: * Westinghouse fleet program: At least $80 billion of aggregate project value for new AP1000 reactors, with the government arranging financing and facilitating approvals. * US-Japan partnership: Up to $40 billion of Japanese-backed investment for GE Vernova Hitachi BWRX-300 projects in Tennessee and Alabama. * Gen III+ SMRs: $800 million in cost-shared DOE awards, split between TVA's BWRX-300 project and Holtec's SMR-300 project. * Reactor Pilot Program: An expedited DOE authorization pathway for 11 initial projects, with developers responsible for project costs. * Advanced Reactor Demonstration Program: Roughly $3.2 billion in federal cost-share commitments for TerraPower's Natrium and X-energy's Xe-100 demonstrations. Compared with those capital-heavy programs, the new $200 million effort appears aimed at a different choke point: potentially using AI, federal labs and industry partnerships to compress the paperwork and engineering timelines standing between reactor designs and power-hungry data centers.
SpaceX, Grab, Sea to Trade on Singapore Exchange Through SDRs
SpaceX, Grab and Sea are set to start trading on the Singapore Exchange via the issuance of Singapore Depository Receipts on Wednesday. SGX said in a statement that the new additions will "provide direct access to innovative themes" in Singapore's local currency. "The U.S. SDRs enable investors to manage and trade these global companies seamlessly in [Singapore dollars], eliminating foreign-currency conversion friction, while enabling trading during Singapore market hours," SGX said. The move comes as investor activity in SDRs continues to build, the exchange operator said. Average daily turnover has risen strongly, driven by record-high retail participation, it said.
William R. Timmons makes significant purchase in SpaceX By Investing.com
South Carolina's 4th congressional district representative, William R. Timmons IV, has made a substantial investment in SpaceX (SPCX), according to a recent congressional trade report. The transaction took place on June 15, 2026, and was reported two days later on June 17. The report indicates that Timmons purchased between $50,001 and $100,000 worth of SpaceX assets. The investment was made through SCH Invest, an investment vehicle used by the congressman. It's important to note that SpaceX, a private American aerospace manufacturer and space transportation company, does not have a publicly available stock ticker. This means that the transaction was not a typical stock purchase and falls under the category of 'Other' in the congressional trade report. The report did not disclose whether the transaction resulted in capital gains exceeding $200. However, it was confirmed that the investment was not part of any initial public offerings. As required by the STOCK Act, all transactions made by members of Congress must be disclosed to ensure transparency and prevent conflicts of interest. This recent investment by Timmons is a clear demonstration of his interest in the space exploration and technology sector. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Anthropic Wins Court Approval For Landmark $1.5bn Copyright Settlement
A U.S. federal judge has granted final approval to Anthropic's landmark $1.5 billion settlement with a class of authors who accused the artificial intelligence company of unlawfully using their books to train its Claude chatbot, bringing to a close one of the most closely watched copyright disputes in the AI industry and setting an important benchmark for dozens of similar lawsuits against major technology companies. U.S. District Judge Araceli Martinez-Olguin in San Francisco on Monday approved the settlement, rejecting objections from authors who argued that the payout was insufficient. The agreement is the largest known settlement in a U.S. copyright case and the first major AI copyright lawsuit involving generative AI training to reach a negotiated resolution. The case has been widely viewed as a bellwether for the legal battles unfolding between copyright holders and AI developers over the use of books, news articles, music and other creative works to train large language models. Judge William Alsup, who presided over much of the litigation before retiring, had granted preliminary approval to the settlement last September. "We reached this settlement in 2025, after the court's landmark ruling that training AI on books is fair use under copyright law, which remains the law today," Anthropic Deputy General Counsel Aparna Sridhar said in a statement. "We are pleased that more than 91% of authors and publishers covered by the settlement have claimed their share of the payment, and we're looking forward to bringing this matter to a close." Lead plaintiffs' attorney Justin Nelson described the agreement as a milestone for copyright enforcement. "It is the largest known copyright recovery in history. We look forward to making distributions to the Class as promptly as possible," Nelson said. The litigation began in 2024, when a group of authors sued Anthropic, alleging the company copied pirated versions of their books without authorization to train Claude, its flagship generative AI model. Anthropic, which is backed by Amazon and Alphabet, argued that using copyrighted books for AI training constituted fair use, a long-established doctrine in U.S. copyright law permitting limited use of protected works under certain circumstances. In a landmark ruling last June, Judge Alsup largely agreed with Anthropic's position, concluding that training AI models on copyrighted books was a transformative use protected under the fair use doctrine. The decision represented one of the most significant judicial victories for AI developers and has become a key legal precedent as courts consider similar claims against companies including OpenAI, Meta, Microsoft, Google and others. However, Alsup also found that Anthropic infringed copyright by maintaining a digital repository containing more than 7 million pirated books, describing the company's "central library" as distinct from the AI training process itself because many of the works were retained without necessarily being used to train Claude. That ruling left Anthropic exposed to potentially enormous statutory damages. Before the settlement was reached, the case was scheduled to proceed to trial last December to determine damages related to the storage of the pirated books. Because U.S. copyright law allows statutory damages of up to $150,000 per infringed work in cases involving willful infringement, legal analysts estimated Anthropic could theoretically have faced liabilities running into the hundreds of billions of dollars, although actual awards in copyright litigation are typically far lower. The settlement eliminates that uncertainty while allowing Anthropic to avoid years of additional litigation and potential appeals. The agreement also provides significant compensation to participating authors and publishers without requiring them to prove individual damages. According to Anthropic, more than 91% of eligible copyright holders have already claimed their share of the settlement fund, reflecting broad participation despite objections from a minority of authors. Several authors challenged the settlement, arguing that the compensation failed to reflect the scale of Anthropic's alleged infringement. Others contended that the agreement unfairly excluded certain copyright owners or awarded excessive legal fees to the plaintiffs' attorneys. Judge Martinez-Olguin rejected those objections, finding that the settlement represented a reasonable outcome given the litigation risks facing both sides. The judge wrote that criticisms regarding the settlement amount were "not grounded in a realistic assessment of the overall risks and rewards of a trial." She also approved more than $101 million in attorneys' fees, substantially below the $187.5 million requested by class counsel. The settlement comes as AI developers face mounting legal challenges over the datasets used to train sophisticated generative AI systems. Publishers, authors, musicians, artists and media organizations have argued that technology companies have built commercially valuable AI products using copyrighted material without obtaining licenses or providing compensation. Technology companies counter that AI training is fundamentally transformative, does not reproduce the original works for consumers, and therefore qualifies as fair use. The Anthropic case is particularly significant because it produced one of the first major judicial rulings recognizing AI model training as fair use while simultaneously finding liability for maintaining unauthorized copies of copyrighted works. That distinction is likely to influence ongoing litigation across the United States as courts seek to balance copyright protections with technological innovation. The settlement does not resolve all of Anthropic's copyright disputes. Some authors and publishers opted out of the class action and are continuing to pursue separate lawsuits against the company, meaning additional legal battles over AI training practices remain underway.
Step into Comme des Garçons' new home for unconventional style
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See images of SpaceX launching Northrop Grumman robotic spacecraft
With a brilliant blue-sky backdrop, a soaring SpaceX Falcon 9 rocket launched Northrop Grumman's Mission Robotic Vehicle during a late-afternoon mission Tuesday, July 21, from Cape Canaveral Space Force Station. The Falcon 9 took flight at 5:15 p.m. from Launch Complex 40. Touted by Northrop Grumman as a "Swiss army knife for satellites," the MRV is designed for on-orbit satellite inspection, life extension, repairs, upgrades, debris removal and repositioning. Looking ahead on the Eastern Range calendar, another Falcon 9 will launch July 30 on a SpaceX national security mission, a Federal Aviation Administration operations plan advisory shows. More details on the NROL-95 mission: * Launch window: 2:37 a.m. to 4:04 a.m. * Location: Launch Complex 40 at Cape Canaveral Space Force Station. * Live FLORIDA TODAY Space Team coverage: Starts 90 minutes before liftoff at floridatoday.com/space. For the latest news and launch schedule from Cape Canaveral Space Force Station and NASA's Kennedy Space Center, visit floridatoday.com/space. Another easy way: Click here to sign up for our weekly 321 Launch space newsletter. Rick Neale is a Space Reporter at FLORIDA TODAY, where he has covered news since 2004. Contact Neale at [email protected]. Twitter/X: @RickNeale1
Judge approves a $1.5B Anthropic settlement over pirated books used to train the Claude chatbot
A federal judge has approved a $1.5 billion copyright settlement in which artificial intelligence company Anthropic will pay thousands of authors about $3,000 per book after using pirated copies of their works to train its Claude chatbot. District Judge Araceli Martínez-Olguín said in a Monday ruling that the class-action settlement provides "meaningful relief" to affected authors and publishers. About 91% of the more than 482,000 books covered by the ruling have been claimed by authors or publishers who are now due payment. Plaintiff attorney Justin Nelson said in a statement that the settlement was "the largest known copyright recovery in history. We look forward to making distributions to the Class as promptly as possible." U.S. District Judge William Alsup issued the preliminary approval in San Francisco federal court last September and has since retired. Alsup had dealt the case a mixed ruling last summer, finding that training AI chatbots on copyrighted books wasn't illegal but that Anthropic wrongfully acquired millions of books through pirate websites. Bestselling thriller novelist Andrea Bartz first brought the suit with two other authors in 2024.
SpaceX Is Down 20%: Here's Why I'm Still Not Buying
Space Exploration Technologies (NASDAQ: SPCX) has drawn a great amount of excitement in recent times. The company, better known as SpaceX, completed the world's biggest initial public offering last month -- and saw its stock soar 27% in the first days of trading. In recent times, SpaceX stock has pulled back, even falling below its IPO price of $135. But even at this level, I think the stock is too expensive considering the risk involved -- that's why I'm still not buying. Let's check out the details. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue " A smart mix of businesses It's true that SpaceX offers a smart mix of growth businesses -- rocket launches, connectivity, and artificial intelligence (AI) -- and these businesses can work together to deliver efficiency. For example, SpaceX can use its rockets to deliver materials to space for the satellite-based internet service and the AI business. This offers SpaceX great autonomy and keeps costs down. The company has also made progress on goals such as bringing down the costs of rocket launches, and last year it completed more orbital launches than any other player. The connectivity business has seen its subscribers quadruple over three years, and this growth is key since this unit drives revenue growth. All of that is positive, and SpaceX, at $119 at the July 20 market close, is considerably lower than it was a few weeks ago. But I'm still not buying because the stock is expensive given the amount of risk involved. Prior to the IPO, Morningstar said its fair value for SpaceX was $63, which seems reasonable; today, the SpaceX price remains far from that level. Upcoming earnings reports I also think that before diving in, it's important to take a look at an earnings report or two to monitor the company's spending trends and the level of revenue that's being generated. So far, we may look at the financial picture over the past three years, as provided in the prospectus. But since SpaceX's capital expenditures are increasing, I'd like to see fresh earnings data. This is particularly key for a company like SpaceX, which has many goals linked to technologies that are still in development. For example, as SpaceX increases capital spending, is its revenue climbing at a fast pace? Last year, capex of $20 billion exceeded revenue, which was $18 billion. I'd like to see revenue step ahead in the coming quarters.
SpaceX eyes multibillion-dollar Pentagon AI computing deal
According to the report, SpaceX has discussed plans to compete more directly with cloud computing providers such as CoreWeave by offering computing capacity to AI customers at lower prices NEW YORK CITY, New York: Elon Musk's SpaceX is in talks to provide the U.S. Department of Defense with access to billions of dollars' worth of data center capacity to run artificial intelligence models, the Wall Street Journal reported on Friday, citing people familiar with the matter. If reached, the agreement would expand the Pentagon's existing relationship with SpaceX, which is already a key partner for rocket launches, satellite communications and missile-tracking services. According to the report, SpaceX has discussed plans to compete more directly with cloud computing providers such as CoreWeave by offering computing capacity to AI customers at lower prices. Like many large organizations, the Defense Department is seeking additional cloud computing capacity to support intelligence agencies and military AI applications. Amazon said late last year it would invest up to $50 billion to expand AI and supercomputing capacity for U.S. government customers through its Amazon Web Services cloud business. The discussions between SpaceX and the Pentagon are ongoing and could still fall through, the Journal reported. SpaceX and the Pentagon did not immediately respond to requests for comment. The company has signed similar computing agreements in recent months. In June, SpaceX reached a multi-year cloud services deal with Alphabet's Google, providing access to about 110,000 Nvidia chips and related computing infrastructure. In May, Anthropic said it had agreed to use the full computing capacity of SpaceX's Colossus 1 facility in Memphis, gaining access to 300 megawatts of new capacity.
