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The Verge Tech

SpaceX made more revenue as an AI company than a space company

SpaceX's AI revenue grew more than three times to $2.6 billion from the year before, mostly because of deals that the company made to provide compute to other AI companies, according to SpaceX's quarterly earnings. The AI division, which the company said in its documents to go public was the source of most of its value, lost $1.5 billion this quarter, slightly less than in the same quarter last year. SpaceX made deals with Anthropic in May and Google in June to provide compute to the other two A

The Verge TechRead original
ExternalTechnology Trends
The Verge Tech

EA is now a private company

Electronic Arts has officially become a private company. Last September, EA announced that an investor group led by Saudi Arabia's Public Investment Fund (PIF), Silver Lake, and Affinity Partners would be taking the company private in a $55 billion deal, and on Tuesday, EA said the deal successfully closed. The PIF will reportedly own 93.4 percent of the new company. The deal includes $20 billion of debt financing - making it the largest leveraged buyout ever - which could mean big changes at EA

The Verge TechRead original

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