Industry

Industry

The business side of tech. Analysis on tech giants, startups, market trends, emerging technologies, and policies shaping the IT landscape.

spacex ipo musk web money elon musk stock market billionaire big tech with video

SpaceX goes public in the largest IPO ever, and Musk crosses the trillion-dollar line

What $135 (or more) a share buys: a rocket business, Starlink, and a very, very large bet on AI
Why it matters: The largest IPO in history did two things at once: it made Elon Musk the world's first trillionaire, and it quietly converted a privately held rocket company into a stock that millions of investors may soon own whether they chose to or not. SpaceX isn't asking Wall Street to price its launches or its satellites. It's asking the market to bet that a rocket company is on its way to becoming one of the most valuable AI companies on Earth, and to start paying for that future today.
layoffs work hiring workplace

The AI boomerang effect: more data suggests employers are reversing AI layoffs

Studies find up to 50% of companies that replaced workers with AI are rehiring or expressing regret
Connecting the dots: Generative AI has been blamed for hundreds of thousands of layoffs over the past year, but evidence that companies moved too quickly to automate white-collar jobs is steadily mounting. Multiple recent studies suggest that many employers are refilling recently eliminated positions after overestimating AI's productivity gains and cost savings.
anticipated games 007

007 First Light sold 3 million copies in two weeks but hasn't broken even – it cost $200 million to make

Amazon now owns the Bond IP and it's already in talks about future games
The big picture: IO Interactive's recently released 007 game is off to a healthy start, but it hasn't turned a profit yet. While 007 First Light is the studio's fastest-selling title ever, it's also by far the most expensive entertainment product in Denmark's history. A sequel has not been confirmed, but Amazon Games and IOI have already hinted at where the franchise might go from here.
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