Sequoia Capital announced some major changes this week, including the closure of its London office, the merger of its early-stage and growth teams, and the end of its Scouts program. Now, the Financial Times has published a report painting all of this as an attempt to undo the legacy of former leader Roelof Botha, who…
SpaceX has reached a binding commitment for roughly $40 billion in financing for AI chips and related data center equipment, the company disclosed in a regulatory filing Monday. In a statement, SpaceX called the deal the “largest committed GPU financing”. Under the agreement, an entity managed by Apollo Global Management, the New York-based private equity giant, will…
SpaceX’s data centers and Grok agents were more profitable than investors expected in the third quarter of the year, as the company leaves its roots as a space company behind to focus on artificial intelligence, which now makes up 52% of its income. CEO Elon Musk’s deep tech conglomerate reported $14.6 billion in third-quarter revenue…
