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Why SpaceX stock is falling despite strong revenue growth

Shares of SpaceX tumbled on Wednesday despite reporting strong revenue growth in its first public quarterly earnings report, as investors questioned the rocket maker’s accelerating investment in artificial intelligence. SpaceX shares tumbled $10.06, or 8%, to $115.27 in early afternoon trading on Wednesday.  Investors are worried that the company’s massive investments in artificial intelligence won’t be enough…

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Rick Brattin wins Republican primary for Missouri seat redrawn to favor GOP, will face longtime House Democrat

Trump-endorsed state lawmaker Rick Brattin has won the Republican nomination for Missouri’s 5th Congressional District, CBS News projects, setting up a battle against an 11-term Democrat in a district that was made dramatically more GOP-leaning last year. Brattin defeated a crowded field of GOP primary candidates Tuesday. Incumbent Rep. Emanuel Cleaver ran for the Democratic…

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SpaceX set to release its first earnings report as a public company. Here’s what to look for.

SpaceX is set to issue its first earnings report as a public company on Tuesday, offering a detailed look at how the rocket, satellite and AI provider is faring after its ballyhooed initial public offering in June.  SpaceX shares have sputtered after initially soaring following the transaction, the largest IPO in U.S. history. The company’s…

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CEO of AI firm Hugging Face calls last month’s hack by OpenAI model “very weird and unprecedented”

An artificial intelligence model that was being tested by OpenAI went rogue and hacked the AI company Hugging Face on its own, in an apparent first-of-its-kind incident that has fueled discussion about the risks that powerful AI technology could pose to cybersecurity. “It felt very weird and unprecedented to us,” Hugging Face CEO Clément Delangue said…

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