WSJ Tech News Briefing

Plus: Major banks rake in the IPO fees. And anticipation of IPOs by SpaceX and others is causing bitcoin selloffs. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: SpaceX allocated around 20% of its IPO shares to individual investors, sources say. And Asian chip stocks rebound after roller coaster week. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Elon Musk's last IPO created a big stock market winner. Will SpaceX follow? WSJ reporter Becky Peterson, Barron's associate editor Al Root and WSJ columnist Tim Higgins break down what Tesla's debut can teach investors about SpaceX, and whether the rocket company can really live up to a $1.77 trillion valuation. Imani Moise hosts. Sign up for the WSJ's free Technology newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Amazon says its data centers used 2.5 billion gallons of water last year. And Jeff Bezos launches new AI venture Prometheus while batting down AI job loss fears. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Anthropic's latest model is facing backlash from some users. And Nvidia is partnering with medical note-taking company Abridge to develop a healthcare-focused AI model. Danny Lewis hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Shares of Swedish autonomous truck company Einride surge in its Nasdaq debut. And Southeast Asia's largest online-shopping platform Shopee cuts jobs. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: an anti-Nvidia data center startup closed a new funding round valuing it at $1.55 billion dollars. And the AI selloff hits more chipmakers in Asia. Danny Lewis hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Anthropic releases new ‘Mythos-class' AI model to general public with safety guardrails. And Broadcom, Apollo, and Blackstone partner to launch AI infrastructure platform. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: U.S. expands list of Chinese companies it says assist Beijing's Military. And Meta launches a free workforce academy to train construction workers to build data centers. Imani Moise hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Estonia has turned its school system into a testing ground for AI by giving tens of thousands of students their own ChatGPT accounts. WSJ reporter Sam Schechner went to see for himself how the experiment is working so far. Plus, as electricity prices rise, a growing number of states are clearing the way for plug-in solar. WSJ columnist Christopher Mims recently put the technology to the test. Imani Moise hosts. Sign up for the WSJ's free Technology newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

 Plus: Amazon has entered a multibillion-dollar agreement with Corning for optical fiber for data centers. And Johnson & Johnson has agreed to buy biotech company Firefly Bio for $1 billion in cash. Anthony Bansie hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Nvidia partners with South Korean tech giants to boost AI infrastructure in Asia. And Chinese AI start up StepFun prepares Hong Kong IPO. Imani Moise hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Docusign raised its revenue guidance after stronger-than-expected uptake of its AI-powered platform. And a new survey found only about a quarter of companies know how much AI they are using. Danny Lewis hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Morgan Stanley projects SpaceX's revenue could reach $3.4 trillion in 2040. And senior U.S. officials have discussed the federal government taking stakes in AI companies. Danny Lewis hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Apple is preparing to unveil its smartest Siri yet, powered by Google's technology. WSJ columnist Rolfe Winkler explains why some analysts believe Apple can still dominate the AI era despite its late start. Plus, an OpenAI model solved a math problem that stumped researchers for 80 years. WSJ columnist Ben Cohen explains why the breakthrough has mathematicians rethinking what AI is capable of. Imani Moise hosts. Sign up for the WSJ's free Technology newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Canada plans $360 million tech growth fund to boost domestic AI companies. And SpaceX sets a specific IPO price for next week, roughly doubling its valuation from six months ago. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: AI CEOs call for legislation to protect against biological weapons. And the tech sector leads U.S. job cuts in May. Imani Moise hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Alphabet sold $35 billion worth of stock this week. And Europe puts forward measures to rely less on foreign tech. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: AI market research firm AlphaSense nets $7.5 billion valuation in new funding round. And U.K. regulators will let publishers keep content out of Google Search's AI tool. Danny Lewis hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Memory prices could get even worse next year amid the AI buildout, per Taiwan-based research firm TrendForce. And Coinbase founder's longevity startup triples in value. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: STMicrolectronics nearly doubles its data-center revenue forecast. And Nvidia CEO Jensen Huang says Marvell Technology could be the next chip firm to join the trillion dollar club. Imani Moise hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

2026 was supposed to be a breakout year for self-driving taxis. Instead, WSJ reporter Sean McLain says, they're getting a crash course in public backlash. We break down the resistance robotaxi operators are facing from the public — and what it could mean for the technology's timeline. Then, you might be tempted to mess with the people behind those pesky spam texts. But WSJ contributor Heidi Mitchell warns, it could actually make you a bigger target. Imani Moise hosts. Sign up for the WSJ's free Technology newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Florida sues OpenAI over AI harms. And Uber plans to launch a robotaxi program in Munich. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: SoftBank invests $52 billion into French AI data center build out. And Motorola buys counter-drone technology company for $1.5 billion. Imani Moise hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Chinese automaker BYD unveils autonomous-driving chip. And shares of space companies plummet following Thursday night's Blue Origin rocket explosion. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: OpenAI will allow some organizations access to a science-focused AI model to protect against biological hazards. And Dell reports massive first-quarter revenue growth in AI servers. Danny Lewis hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

This year's college graduates face a dual job market where AI is decimating entry level opportunities, but companies are also rewarding new grads' AI saviness. WSJ's Allison Pohle tells us how they're handling it. Then, WSJ contributor Lisa Ward explains why AI models are surprisingly good at talking us out of conspiracy theories. Isabelle Bousquette hosts. Sign up for the WSJ's free Technology newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: DHL eCommerce and USPS sign multi-year deal. And Uber continues to grow its stake in German food-delivery company Delivery Hero. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: IBM and Red Hat commit $5 billion for open source security initiative. And Snowflake signs $6 billion deal to buy Amazon chips. Imani Moise hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: unionized workers at Samsung Electronics approve pay deal, averting a strike. And the EU plans to reserve most of its mobile satellite spectrum for homegrown firms. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: nuclear power startup Newcleo plans to go public via SPAC. And Tesla's European sales surge. Imani Moise hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: American Airlines to offer Starlink internet on significant portion of flights. And Xiaomi's first-quarter net profit falls 57%. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Apple is repurposing chips that might've otherwise been thrown out to fuel its newer, cheaper product lines. WSJ's Rolfe Winkler joins us to talk about how it's paying off. Plus, tech columnist Christopher Mims explains the “vibe slop” phenomenon and what's at stake in a world of unfettered AI code generation. Isabelle Bousquette hosts. Sign up for the WSJ's free Technology newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Lenovo Group records its fastest revenue growth in years. And AI is boosting productivity gains in very specific tasks, but has yet to scale across the economy. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: France to pour over $1 billion into quantum tech race. And Meta joins other platforms in settling lawsuit over social-media harms on youth. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Space X's IPO filing is shedding new light on its finances and operations. Elon Musk's rocket giant is losing billions of dollars as it funds a massive AI infrastructure buildout. WSJ reporter Becky Peterson breaks down what we've learned ahead of its potentially historic IPO. Plus, Nvidia delivers another quarter of record sales and profits, but investors seem to be shrugging it off. WSJ columnist Dan Gallagher explains the wall of apathy facing the world's most valuable company. Imani Moise hosts. Sign up for the WSJ's free Technology newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Meanwhile, California governor Gavin Newsom signs order on AI aimed at helping workers. And the maker of Oura Rings files confidentially for IPO. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Anthropic is poised to turn its first quarterly profit. And Advanced Micro Devices plans to invest more than $10 billion in Taiwan's chip industry. Imani Moise hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: OpenAI is preparing to file for an IPO very soon. And Nvidia reports record sales and income, beating estimates. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Bristol-Myers Squibb is giving more than 30,000 employees access to Anthropic's Claude. And Alibaba releases powerful new AI chips in a push to rival Nvidia. Danny Lewis hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

 Plus: Andrej Karpathy, a Tesla alum and OpenAI co-founder, joins Anthropic. And Mach Industries has acquired rocket-maker Exquadrum for $50 million. Imani Moise hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Congress is proposing a new registration fee for electric vehicle owners. And Anthropic allows Mythos-users to share some findings on cybersecurity vulnerabilities. Danny Lewis hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices