Trump says Europe freeloads on defense. Britain’s own (former) Defense Secretary just agreed
Joihn Healey was working on a plan to reopen the Strait of Hormuz. He quit three days after seeing the spending budget.
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‘Oh God, no! Not another thing’: What Anthropic’s Mythos-class Fable 5 means for CEOs trying to govern AI
Also: All the news and watercooler chat from Fortune.
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Why is it so hard to get ROI from AI? Because building from first principles isn’t easy
At Fortune Brainstorm Tech, executives said that finding value from AI starts with strategy and continues with process reinvention.
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As SpaceX goes public, a $100 billion shadow market faces a reckoning
SpaceX’s public debut could kick off months (or even years) of reckoning in the venture secondaries market, the pre-IPO Wild West.
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How SpaceX could pull millions of savers into Musk’s orbit
The world’s richest man is shooting for Mars. Ordinary people are coming along for the ride
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SpaceX lowballed its bankers on fees. Goldman Sachs has another way to win big
The real money comes after the opening bell.
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Musk’s SpaceX raises $75bn in world’s biggest IPO
Rockets-to-AI group priced its shares at $135 in deal that drew blockbuster investor demand
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Keir Starmer weakened by John Healey’s scathing resignation
Exit may turn out to be the first of many as armed forces minister joins defence secretary in leaving government
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The AI public market floodgates are opening
The huge sums that Wall Street is about to be asked for look like being only a down payment