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SpaceX's record IPO raised a total of $85.7 billion after underwriters exercised the "greenshoe" overallotment.
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Maine Democrats must now replace Platner with less than four months until the midterm elections.
Nvidia's stock has experienced a substantial market value decline recently. This chipmaker's shares are now trading at their lowest valuation since early 2019. Investors are shifting their focus to memory and storage semiconductor manufacturers. Analysts are raising profit estimates for Nvidia's upcoming quarters. The company's consistent performance suggests it is currently undervalued.
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Gold and silver prices declined significantly in Mumbai trading on Wednesday. This retreat followed global bullion market weakness and US President Donald Trump's comments. Crude oil prices surged, stoking inflationary concerns and impacting investor sentiment. Analysts noted that rising inflation and a stronger US dollar reduced gold and silver's appeal. Investors now await US Federal Reserve meeting minutes for interest rate guidance.
India added over 2.5 million demat accounts in June, the highest since February. This growth occurred as key market indices Nifty 50 and Sensex advanced significantly. Improved market sentiment followed the easing of geopolitical concerns and potential IPO announcements. Broader market participation and digital onboarding are attracting new retail investors. Future demat account growth will depend on Indian market performance and investor confidence.
India's US Treasury holdings dropped to $181 billion in April. This reduction reflects a strategic shift in foreign asset diversification by the Reserve Bank of India. The central bank significantly increased its gold reserves to 881 metric tonnes. Gold offers a stable reserve asset, unaffected by geopolitical stresses. This move aligns with a global trend of central banks accumulating precious metals.
The legal battle between Elon Musk and federal regulators over his botched Twitter stock disclosure has officially ended. A federal judge approved a $1.5 million settlement between [Tesla](https://tesla.com)'s CEO and the [Securities and Exchange Commission](https://www.sec.gov) on Wednesday, closing the book on a years-long dispute that dates back to Musk's 2022 acquisition of the social media platform. The judge's approval came with notable reservations about the adequacy of the penalty, raising questions about whether billionaires face meaningful consequences for securities violations.
[Meta](https://meta.com) is developing prototype smart glasses that would record nearly everything you see and hear. The "super sensing" glasses snap photos every few seconds while continuously capturing audio, then let wearers query [Meta AI](https://meta.com) about what they've experienced. But here's the twist - users might never actually see the raw footage themselves, according to [sources speaking to the Financial Times](https://www.ft.com/content/ac282450-91a8-4597-8f60-9e6ef416865a).
The $300 million round is expected to be led by Menlo Ventures, Sifted reported.
The federal government just drew a hard line in the autonomous vehicle debate. The National Highway Traffic Safety Administration issued a stark warning to robotaxi operators today, declaring that emergency scenes are not "edge cases" and demanding immediate fixes to prevent autonomous vehicles from blocking first responders. The move signals growing federal frustration with an industry that's scaled faster than its technology can handle real-world emergencies, putting the brakes on companies like Waymo and Avride just as they push for broader deployment. [NHTSA](https://www.nhtsa.
SpaceX's triumphant entrance to public markets is hitting turbulence. The rocket company's shares closed at $148 on Wednesday, sliding below its debut price in just two days of trading after completing the largest IPO in U.S. history. The $85.7 billion offering, which included the full greenshoe option exercised by underwriters, marked a watershed moment for the space industry - but early investors are already feeling gravity's pull. [SpaceX](https://www.spacex.com) just proved that even rocket ships can fall back to Earth.
CNBC's Jim Cramer said the growing wave of stock offerings and debt issuance is the next big threat to the bull market.
President Donald Trump spent two days in Ankara, Turkey with other NATO member leaders.
Trump already asked the Supreme Court to reconsider denying him an appeal of a verdict holding him liable for sexually abusing and defaming E. Jean Carroll.
Autonomous drone delivery is officially coming to America at scale. [Manna](https://manna.aero), the Irish startup that's been quietly perfecting aerial food delivery across Europe, just announced a major US manufacturing and operations facility in Tulsa, Oklahoma - complete with plans to hire 1,000 people. It's the clearest signal yet that drone delivery is moving from experimental pilots to genuine infrastructure, and it positions Tulsa as an unlikely hub in the race to dominate last-mile logistics. [Manna](https://manna.aero) is making a statement.
[Meta](https://meta.com) is building its first major data center in Canada, marking a significant expansion of the company's AI infrastructure beyond U.S. borders. The move signals Meta's aggressive push to scale its artificial intelligence capabilities while diversifying its global computing footprint. As demand for AI processing power intensifies across the tech industry, the Canadian facility will join Meta's growing network of hyperscale data centers that power everything from Instagram recommendations to its ambitious Llama large language models. [Meta](https://meta.
The closely guarded secret of self-improving AI just became public domain. In a bombshell article for [Wired](https://www.wired.com/story/frontier-labs-arent-the-only-ones-pursuing-self-improving-ai/), senior AI correspondent Will Knight reveals he successfully built a recursive AI system—the kind of self-improving tech that [OpenAI](https://openai.com), [Google DeepMind](https://deepmind.google), and [Anthropic](https://anthropic.com) have poured billions into developing.
Earlier this week, a picture that seemed to show Kentucky Senator Mitch McConnell covered in tubes in a hospital bed in a state of extreme distress. It turned out to be an AI-generated fake.
Levi Strauss beat quarterly expectations on the top and bottom lines during its fiscal 2026 second quarter.
Experiments in using AI to build AI show that the future doesn’t just belong to the frontier labs.
U.S. stocks closed lower after Donald Trump declared the Iran deal “over,” raising fears of further conflict and pushing oil prices higher. The Dow dropped sharply while the S&P 500 slipped. Chip stocks gained on Apple’s Broadcom deal, but inflation concerns and IMF growth cuts weighed on sentiment.
SpaceX's record IPO raised a total of $85.7 billion after underwriters exercised the "greenshoe" overallotment.
The U.S. SEC cleared a key legal hurdle for UBS by allowing potential debt-to-equity conversions under its crisis-resolution plan without enforcement action. The move supports “bail-in” mechanisms directed by Swiss regulators and addresses cross-border issues exposed during the Credit Suisse rescue, strengthening UBS’s contingency framework.
Elon Musk's xAI just threw down the gauntlet in the AI arms race. The company released Grok 4.5 on Wednesday, billing it as an 'Opus-class model' that delivers flagship performance at a fraction of the cost. Musk's positioning the new release as a direct shot at OpenAI's GPT-4 and Anthropic's Claude, promising enterprises a cheaper path to cutting-edge AI capabilities. It's the latest salvo in Musk's ongoing battle with Sam Altman and the AI establishment he left behind. [xAI](https://x.ai) just made its boldest move yet in the AI wars.
[X](https://x.com) is rolling out direct message notifications for users who've engaged with posts later flagged by Community Notes, the platform's crowdsourced fact-checking system. The update, announced by owner Elon Musk, aims to close a critical gap that's plagued the service since its launch - Community Notes often arrive hours or days after viral misinformation has already spread. The move represents X's most aggressive attempt yet to retrofit accountability into its engagement-first algorithm, potentially notifying millions of users who liked, replied to, or amplified false claims be...
The investor believes regulators will eventually crack down on prediction markets after competition from the upstarts pressured the stocks of sportsbooks.
Private banks are expected to show stronger profit growth than public sector banks this quarter. Analysts predict private lenders' profits will climb ten percent year-on-year. Balance sheet growth also favors private banks, with higher deposit expansion. However, public sector banks led in loan book expansion during the June quarter. Investor focus will remain on individual bank performance and execution.
Meta is building its first big Canadian data center as AI expansion crosses the border.
Axis Bank has seen three senior executives resign from their positions. These departures add to a significant reshuffling occurring within private sector lenders. Anil Agarwal and Vikas Shinde, long-serving executives, have left the bank. Jimmy Tavadia, group head of trading, also resigned from his role. These changes coincide with the lender reorganizing key corporate banking positions.
Elon Musk's tech company released the newest version of Grok on Wednesday, promising a cheaper, more efficient alternative to other powerful AI models.
Life insurers saw a 16.6% rise in new business premium during the April-June quarter. Private sector firms expanded faster than LIC, driven by regular premium products. Regular premium collections grew nearly twenty percent year-on-year, while single premium business increased. SBI Life Insurance emerged as the fastest-growing player among listed companies. Private insurers continue gaining market share while LIC retains its dominant position.
Credit cards now hold 38% of unsecured credit, down from 56% in 2016. Small personal loans under fifty thousand rupees have gained significant market share. Card balances remain stable at fifteen to sixteen percent of total consumption credit. Delinquency data shows risk spilling across various credit products. Occasional card users exhibit low delinquency rates across their credit portfolios.
Indian banks are experiencing a slowdown in special foreign currency deposit collection. Rising overseas borrowing costs are impacting banks' leverage offerings to clients. High-net-worth individuals seek double-digit dollar returns, assessing tax implications. Banks are recalibrating deposit mobilization strategies after recent guideline releases. Investor expectations for higher spreads are increasing due to Indian supply.
General Intuition is betting millions of hours of video game data can train the foundation models for physical AI, making it easier to build smarter robots with minimal real-world data.
Large language models have a spatial blindness problem. While [OpenAI](https://openai.com)'s ChatGPT and [Anthropic](https://anthropic.com)'s Claude excel at text, they struggle with understanding how objects move through physical space - a critical gap on the path to artificial general intelligence. Now a startup called General Intuition is making a bold bet: video game data might be the missing ingredient that transforms today's text-focused AI into systems that truly understand the physical world. The limitations of today's AI are becoming impossible to ignore. [OpenAI](https://openai.
The feature can do things like apply cinematic relighting to brighten up a dark clip, swap out a plain background for something fun, or add artistic styles to videos.
Some US Federal Reserve officials saw reasons to consider a rate hike at the central bank's June policy meeting, given elevated inflation on fallout from the Middle East war, minutes of the gathering showed Wednesday. Fed officials eventually voted unanimously to keep interest rates unchanged at their June 16-17 meeting.
The Federal Reserve on Wednesday released minutes from its June 16-17 meeting.
CENTCOM said it launched dozens of strikes on Iranian military infrastructure and small boats; Trump said the U.S. might take more military action "tonight."
When it comes to achieving artificial general intelligence (AGI), large language models just don’t have what it takes. Models like ChatGPT and Claude are great at text, but they’re less skilled at understanding how things actually move through space and time — an essential skill for producing intelligence that generalizes. That gap, it turns out, might be filled by gaming data. That’s the bet behind General Intuition, a […]
Analysts expect Levi Strauss to report earnings of 24 cents per share on revenue of $1.52 billion, representing year-over-year growth of 9% and 8.6%, respectively
Crypto heavyweight Paradigm just closed a massive $1.2 billion fund, but the firm's not sticking to its blockchain roots. The venture capital powerhouse is making a calculated pivot into AI and robotics, marking one of the most significant strategic shifts in crypto VC history. It's a bold signal that the lines between crypto, artificial intelligence, and deep tech are blurring faster than anyone expected. [Paradigm](https://paradigm.xyz) just made the biggest bet yet that crypto and AI aren't separate worlds anymore. The venture firm closed a $1.
[Google](https://google.com) just dropped Video Remix into [Google Photos](https://photos.google.com), a new feature that transforms raw video footage into polished, shareable clips with minimal effort. The tool arrives as social video consumption continues its explosive growth, with users increasingly demanding quick-edit capabilities built directly into their camera rolls. For Google, it's another play to keep users locked into its photos ecosystem while competing against TikTok's built-in editing suite and Apple's expanding video features in iOS. [Google](https://google.
Data for Agents
Meta is adding a new safeguard to stop people from secretly recording others with its AI glasses. But the update comes as the company continues to expand how much personal data its AI products collect and use.
Laser Power & Infra Limited has raised ₹222 crore from anchor investors at ₹214 per share, with a planned IPO of ₹742 crore opening on July 9, 2026. It reserves allocations for QIBs, NIIs, and retail investors, with listings expected on BSE and NSE by July 16.
OpenAI says its new voice mode can speak and listen at the same time, a key ability for live translation.
Mike Khouw revisits his Rivian trade after the stock tanks on a share offering.
[Prime Intellect](https://primeintellect.ai) just became the latest AI unicorn, pulling in a massive $130 million Series A that values the enterprise AI agent platform at $1 billion. The round, led by [Radical Ventures](https://radicalventures.com), marks one of the largest Series A deals in AI infrastructure this year and signals growing enterprise appetite for self-hosted AI solutions. For a two-year-old startup, it's a validation that businesses want control over their AI destiny - not just another API to someone else's model. [Prime Intellect](https://primeintellect.
The appeals court said Trump had failed to provide any evidence that the Kennedy Center's fundraising would be harmed if his name is not attached.
The round, led by Radical Ventures, values the two-year old startup at $1 billion.
A new wave of AI startups isn't just growing fast - they're accelerating. Companies like Anthropic, Glean, and Sierra AI are reporting revenue growth rates that are speeding up quarter over quarter, defying the typical startup trajectory where growth rates slow as companies scale. The phenomenon signals that enterprise AI adoption has moved beyond experimentation into full-scale deployment, creating a rare moment where demand outpaces even the most aggressive supply. [Anthropic](https://anthropic.com) just proved that AI startups can break physics.
Waymo is accelerating its dominance in the U.S. robotaxi market with a major expansion push. The Alphabet-owned autonomous vehicle company just launched fully driverless ride-hailing services in four new cities—San Diego, Las Vegas, Tampa, and Denver—marking its most aggressive geographic expansion to date. The move cements Waymo's lead over rivals like Cruise and Tesla in the race to commercialize self-driving technology, while signaling that autonomous transportation is shifting from pilot programs to mainstream reality. [Waymo](https://waymo.
In a head-to-head test of AI email assistants, [Anthropic's](https://www.anthropic.com) Claude Cowork successfully completed a complex research task that left [Google's](https://www.google.com) Gemini struggling, according to hands-on testing from [ZDNet](https://www.zdnet.com/article/claude-cowork-sift-emails-vs-gemini/). The real-world comparison reveals how connected AI assistants are starting to deliver on the promise of actually taming email overload - but not all of them equally. [Anthropic's](https://www.anthropic.
State Bank of India announced that SBI Funds Management has filed the red herring prospectus for its IPO. The offering is an sale of up to 203.71 million shares, with SBI divesting 128.33 million. The IPO opens for subscription on July 14, 2026.
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
Indian equities posted their steepest single-day decline since March as rising crude prices, renewed Middle East tensions and weak global cues triggered broad-based selling. Analysts said geopolitical developments, earnings guidance and central bank decisions will shape the market’s near-term direction.
Despite a generally positive long-term outlook on gold, brokerages are adjusting their near-term expectations downward. Bank of America has notably decreased its average gold forecast for 2026 by fourteen percent. Similarly, JPMorgan is indicating that risks to its gold predictions appear to trend negatively. Analysts are presenting a wide range of price targets for gold, with current prices hovering around $4,060 per ounce.
There are a lot of fast-growing AI startups, but some are growing even faster, they say.
Precious metals saw further losses on 8 July, influenced by renewed Middle East tensions and a strengthening US dollar. Gold dropped to $4,050 and silver fell below $60, as escalating conflicts following US strikes on Iran raised concerns over inflation and interest rates.
Article URL: https://www.hmans.dev/blog/chatto-is-open-source Comments URL: https://news.ycombinator.com/item?id=48833116 Points: 114 # Comments: 20
Mahesh Muralidhar Pai will become South Indian Bank's new MD and CEO. The Reserve Bank of India approved his appointment, effective October 1. He brings three decades of banking experience across various key verticals. Pai previously led digital banking and innovation initiatives at Canara Bank. His appointment follows the conclusion of PR Seshadri's current term.
The Manheim Used Vehicle Value Index for EVs — which tracks prices of used vehicles sold at its U.S. wholesale auctions — increased 12% compared to June 2025.
