Meta is pushing employees to use AI - Business Insider

SpaceX eyes a historic $1.75T IPO, merging aerospace, xAI, and an $580M Bitcoin treasury. With a record $75B raise planned for June 2026, the S-1 filing reveals a vertically integrated giant poised to redefine global capital markets and institutional BTC adoption.

TradingKey - Shares of Micron Technology (MU) fell 3.4% on Wednesday, marking its fifth consecutive trading session of declines. The latest source of pressure may be Google’s (GOOGL) (GOOG) launch of the TurboQuant compression algorithm.

TradingKey - Earlier this week, Google unveiled TurboQuant, a new extreme compression algorithm. The algorithm is expected to reduce memory usage by approximately sixfold and boost computing speeds by up to 8x on the same GPU configuration, triggering a broad pullback in the semiconductor sector. Sa

TradingKey - Amid yen depreciation pressure, Japan is contemplating an unprecedented policy concept. The Japanese government is evaluating an unconventional intervention scheme—utilizing $1.4 trillion in foreign exchange reserves to directly intervene in the crude oil futures market by establishing short positions to suppress oil prices, thereby indirectly alleviating yen depreciation pressure.

TradingKey - Google's (GOOGL) release of its new AI memory compression technology, TurboQuant, has sparked market concerns regarding the outlook for storage demand. Following the news, U.S. memory chip stocks plummeted during Wednesday’s intraday session. SanDisk (SNDK) fell as much as 6.5% at one point, while Micron Technology (MU) dropped over 5%, Western Digital (WBD) fell more than 6%, and Seagate Technology (STX) declined by over 8%.