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Page 14

Apple Raised MacBook and iPad Prices. The Stock Dropped 6% the Same Day.
Big Tech

Apple Raised MacBook and iPad Prices. The Stock Dropped 6% the Same Day.

Apple announced price increases on the MacBook and iPad lines this week. Shares fell 6%, the heaviest single-day weight on a Nasdaq that posted its fifth losing session.

Sam Whitaker
OpenAI Reportedly Pushing Its IPO to Next Year After Watching SpaceX
Startups & Funding

OpenAI Reportedly Pushing Its IPO to Next Year After Watching SpaceX

OpenAI is considering delaying its IPO to next year, per the New York Times, citing SpaceX's weak post-IPO trade and broader AI-share volatility. The S-1 filing timing we covered ten days ago is already getting restructured.

Jordan Beck
Micron Beat Q3 Hard, Guided Q4 to a $50B Midpoint. The HBM Cycle Is Real.
Hardware & Devices

Micron Beat Q3 Hard, Guided Q4 to a $50B Midpoint. The HBM Cycle Is Real.

Micron reported Q3 revenue of $41.46 billion (vs $35.84B consensus) and EPS of $25.11 (vs $20.39). The Q4 guide came in at $49-51 billion versus the $43.2B street estimate.

Maya Iverson
Morgan Stanley Sees Global AI Debt Doubling to $570B in 2026
Big Tech

Morgan Stanley Sees Global AI Debt Doubling to $570B in 2026

Morgan Stanley projects global AI-linked debt will nearly double to $570 billion in 2026 as hyperscalers, Anthropic, and OpenAI shift the AI infrastructure build into the bond market. The financing story is now part of the AI story.

Sam Whitaker
Menlo Ventures Raised $3B, the Largest in Its 50-Year History, for AI
Startups & Funding

Menlo Ventures Raised $3B, the Largest in Its 50-Year History, for AI

Menlo Ventures closed $3 billion across two new funds on June 23, the largest capital raise in the firm's 50-year history. The pool is AI-focused. The size signals what the venture market thinks AI Series A and B multiples will look like for the next 36 months.

Jordan Beck
Daily Roundup, June 16: Capital, Talent, and Regulation All Moved at Once
Big Tech

Daily Roundup, June 16: Capital, Talent, and Regulation All Moved at Once

Eight stories in three buckets: Anthropic's flagship got shut down by Commerce, SpaceX raised the largest IPO in history and spent $60B on Cursor in five days, and Google's two most decorated AI researchers walked.

Maya Iverson
SpaceX Raised $75B in the Largest IPO Ever, Then Spent $60B on Cursor in Five Days
Big Tech

SpaceX Raised $75B in the Largest IPO Ever, Then Spent $60B on Cursor in Five Days

SpaceX priced its IPO at $135 on June 11, the largest in history. Shares closed day one at $160.95. By June 16 Musk used the newly public stock as currency for a $60 billion all-stock acquisition of Cursor.

Sam Whitaker
Cursor Was a Top-Tier Anthropic Customer. SpaceX Just Bought It.
AI & ML

Cursor Was a Top-Tier Anthropic Customer. SpaceX Just Bought It.

Cursor, the AI coding tool SpaceX just acquired for $60 billion, ran the bulk of its inference on Claude. The integration roadmap under Musk decides what happens to that revenue line.

Maya Iverson
Google's AI Brain Drain: Shazeer to OpenAI, Jumper to Anthropic
AI & ML

Google's AI Brain Drain: Shazeer to OpenAI, Jumper to Anthropic

Noam Shazeer, the Google VP behind the original transformer paper, is leaving for OpenAI. DeepMind VP John Jumper, the AlphaFold Nobel winner, is leaving for Anthropic. Google stock fell on the news.

Maya Iverson
OpenAI and Anthropic Both Filed Confidential S-1s. The IPO Calendar Just Changed.
Startups & Funding

OpenAI and Anthropic Both Filed Confidential S-1s. The IPO Calendar Just Changed.

OpenAI and Anthropic both confidentially filed S-1s with the SEC in June, with each near a $1 trillion valuation from its most recent private round. Two listings of that scale at the same time would be unprecedented.

Jordan Beck
The Commerce Department Just Became the FDA of AI
Big Tech

The Commerce Department Just Became the FDA of AI

The US government used export-control authority to force Anthropic to disable Fable 5 and Mythos 5 worldwide. Hank Reed on what just changed for every frontier-model launch from here on.

Hank Reed
US Forces Anthropic to Disable Claude Fable 5 and Mythos 5 Worldwide
Policy & Regulation

US Forces Anthropic to Disable Claude Fable 5 and Mythos 5 Worldwide

Commerce Secretary Howard Lutnick issued an export-control directive on June 12 that forced Anthropic to disable Fable 5 and Mythos 5 for every customer globally, four days after their public launch.

Nadia Rao