AI chipmaker Cerebras files to go public after scrapping IPO plans last year

[ad_1] Cerebras, a producer of chips that run artificial intelligence models, on Friday filed to go public on Nasdaq under the ticker symbol “CBRS.” Cerebras reported a $87.9 million in net income on $510 million in revenue during 2025, according to Friday’s filing. Revenue grew nearly 76% from 2024, when the company had a $485 […]

NAACP sues Elon Musk’s xAI over Memphis data center air pollution

[ad_1] Gas turbines are visible at an xAI data center on Riverport Rd in Memphis, TN on April 25, 2025. Brandon Dill | The Washington Post | Getty Images The NAACP filed a lawsuit against Elon Musk’s xAI on Tuesday, accusing the artificial intelligence company of violating the Clean Air Act with its use of […]

Jet fuel supply concerns grow as war with Iran drags on, airlines cut flights

[ad_1] A Lufthansa passenger aircraft is parked at a gate while a SASCA fuel truck services it on the apron at Toulouse Blagnac Airport in Blagnac in Occitanie in France on March 15, 2026. Isabelle Souriment | AFP | Getty Images The surging price of jet fuel isn’t the airline industry’s only problem. Now, it’s […]

AI data center boom ‘stress tests’ insurers as private capital floods in

[ad_1] AI data centers are becoming a “stress test” for insurers as rapid technological advancements and the use of increasingly complex financial structures present a unique set of challenges and opportunities for the sector. Global spending on data centers could reach $7 trillion by 2030, according to McKinsey, and much of that spending can no […]

SpaceX confidentially files for IPO, setting stage for record offering

[ad_1] SpaceX headquarters is shown in Hawthorne, California, U.S. June 5, 2025. Daniel Cole | Reuters Elon Musk’s SpaceX has confidentially filed for an IPO with the Securities and Exchange Commission, sources told CNBC’s David Faber, bringing Elon Musk’s rocket company one step closer to what’s expected to be a record public offering. Bloomberg was […]

Trump threatens to deploy ICE agents to airports if DHS shutdown doesn’t end, while Elon Musk offers to cover TSA agents’ pay

[ad_1] U.S. President Donald Trump speaks to the media as he departs the White House for Florida, in Washington, D.C., U.S., March 20, 2026. Nathan Howard | Reuters President Donald Trump on ​Saturday ​threatened ​to send federal ⁠immigration agents ‌to U.S. ⁠airports unless congressional Democrats immediately ‌agree to fund the Department of Homeland Security. “I will move our ⁠brilliant and ‌patriotic ‌ICE […]

Elon Musk misled Twitter investors ahead of $44 billion acquisition, jury says

[ad_1] Elon Musk arrives at federal court on March 4, 2026 in San Francisco, California. Josh Edelson | Getty Images A jury in California found that Elon Musk defrauded Twitter shareholders during the runup to his $44 billion acquisition of the social media company, according to a verdict issued on Friday. Total damages could reach […]