Archive for the 'Economy' Category
SpaceX to Acquire Cursor for $60B
June 16th, 2026Via: TechCrunch: SpaceX has agreed to acquire AI coding startup Cursor in a $60 billion stock deal, just a few days after the space company’s historic IPO and less than two months after announcing a tie-up between the two. The deal is meant to help SpaceX’s AI division — built around Elon Musk’s AI company […]
Cryptocurrency Miners Go Back to GPUs… for AI
June 13th, 2026AI companies buy up nearly all the GPUs, RAM and SSDs: Check Crypto miners turn to renting rigs for AI, buying up what remains of “consumer” grade equipment: Check People who mostly hate AI, and try to avoid it, pay a lot more for a lot less when trying to purchase a computer: Check Six […]
SpaceX, Anthropic and OpenAI IPO Bag Holders – You Might Become One of Them
June 11th, 2026Hint: Retirement funds. Via: Andrei Jikh: Focus on SpaceX:
AI Price Wars Begin: OpenAI Considers “Drastic Price Cuts” In Pursuit Of Anthropic Customers
June 10th, 2026Via: ZeroHedge: In short, we now have a classical deflationary race to the bottom, precisely the opposite of what the profit-strapped industry desperately needs to grow into its gargantuan balance sheets (and massive SPVs); Instead, the AI world is about to get hit with a collapse in both revenues and profit margins, while cash burn […]
SpaceX AI Satellites
June 9th, 2026As I was listening to Elon Musk talking about AI satellites, I started thinking about a video I clipped from a livestream recently in Los Angeles. As the bums shuffle around the filth in Skid Row, the thinking machines are being readied to launch into space. *shrug shoulders* So it goes… SpaceX AI Satellites pic.twitter.com/e87XMW2tXb […]
Why Aren’t Oil Prices Higher?
June 9th, 2026It’s all fun and games as long as the U.S. and China keep releasing oil from their reserves… Via: Peak Prosperity:
Something Is Briefly But Regularly Jamming GPS Over Europe
June 5th, 2026Via: Veritasium: Paper: Chasing Lightning: Detecting, Characterizing, and Identifying a Powerful Space-Based GNSS Interference Source
The Cost Of The Grain That Feeds Half The World Just Posted Biggest Monthly Surge Since 2008
June 2nd, 2026Via: ZeroHedge: Asian rice prices logged their biggest monthly gain in nearly two decades in May, as a Gulf energy shock collides with an expected El Niño event later this year. The spike adds to the mounting risks of a broader food price shock that could emerge as soon as six months from now. Any […]
Oil Surges Over 7% as Iran Halts U.S. Talks and Threatens Total Hormuz Closure
June 1st, 2026Via: Oil Price: Oil prices exploded higher Monday, with U.S. crude leaping more than 7% after Iran’s state-affiliated media reported that Tehran is cutting off diplomatic channels with Washington and moving to fully block the strategic Strait of Hormuz. The sudden breakdown in diplomacy shattered fragile market optimism, reversing earlier trading dynamics and sending energy […]
California Passed the “Stop Nick Shirley Act”
May 29th, 2026Via: Nick Shirley:
