🪴 Last Week in Tech
Anthropic is Londonmaxxing, SpaceX biggest IPO in history, Meta layoffs, and more..
Last week’s tech news in 2 minutes.
SpaceX filed for the biggest IPO in history
$1.75T valuation. $75B raise. Would break Saudi Aramco’s record.
Musk’s bonus shares only vest if SpaceX builds a Mars colony with at least one million people. That condition is in the actual legal document.
Also in the filing: Anthropic pays SpaceX $1.25B a month for compute. Has an option to buy Cursor for $60B, or pay a $10B breakup fee. X ad revenue fell $595M in 2024. He’s taking rockets, AI and a failing social network public together.
Nvidia reported $81.6B in revenue and guided $91B next quarter
Up 85% year on year. Data Center revenue hit $75.2B, up 92%. Guided $91B for Q2, above Wall Street’s $86.84B estimate. $80B share buyback announced.
“The largest infrastructure expansion in human history.”
~ Jensen Huang
Stock dipped anyway.
Google I/O: all Gemini, all the time
Gemini 3.5 Flash launched, 4x faster than other frontier models.
Always-on background agent called Gemini Spark announced for Workspace. Smart glasses coming this fall. Android 17 got a brief mention.
The whole keynote was essentially a Gemini product demo.
Meta cuts 8,000 jobs and moved 7,000 into AI teams in the same week
The transition is happening in real time. Total 2026 capex part of a $725B industry-wide AI infrastructure wave.
Trump’s AI executive order got pulled at the last minute
The order would have required AI labs to share models with the government before release. Musk and Zuckerberg lobbied against it.
It got shelved. Silicon Valley blocked the government. Again.
Samsung’s 45,000 workers are going on strike May 21
18 days. Dispute over unequal bonuses tied to AI chip profits. Samsung makes memory chips for every AI data center on earth.
Analysts estimate $14-21B in operating profit at risk.
Anthropic’s Londonmaxxing
Anthropic opened up a new London office recently. They just announced hiring for 40 roles in London and are willing to pay up to £630k.
Excluding stock options.
London on the rise.
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