Elon's Empire Strikes Back. At Him.
Looking for developers and engineers
Hey,
Spotted: Elon Musk is having a very bad week, SpaceX is sliding back toward its IPO price, xAI is illegally polluting Black communities with unpermitted gas turbines, and Apple is dragging OpenAI to court over snitches.
Meanwhile Singapore is quietly becoming the chip capital of Asia, Trump is using a senator’s death to push his crypto agenda, and OpenAI and Anthropic are lurking in the background filing their own IPO paperwork.
We have also released our newest podcast called the Haystack Huddle!! Check it out with the button below.
UMC has kicked off mass production of silicon photonics wafers in Singapore to meet AI data centre demand, with Citi forecasting a 13% Q2 sales jump as Taiwan's chipmakers increasingly use Singapore as their regional manufacturing base.
SpaceX shares have fallen nearly 9% since their $150 debut, sliding toward the $135 IPO price just weeks after Musk briefly became the world's first trillionaire, as post-IPO euphoria fades and OpenAI and Anthropic quietly file their own prospectuses in the background.
Two former Apple engineers allegedly emailed themselves confidential information before jumping ship to OpenAI, handing the company an illegal head start in its consumer hardware push.
A landmark crypto regulation bill that would establish the first wide ranging legal framework for digital assets in the US, backed by the White House and industry giants like Coinbase and Circle, though Graham's passing ironically narrows the Republican Senate majority needed to get it over the line.
xAI illegally installed dozens of unpermitted natural gas turbines to power its Colossus 2 data centre, with the resulting pollution falling disproportionately on nearby Black communities already facing elevated respiratory health risks.
🧠 Quick Brain Teaser!
I am the beginning of everything, the end of everywhere.
I am the beginning of eternity, the end of time and space.
What am I?
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📚 What We’re Reading:
IBM warns AI boom is squeezing software budgets, triggers sector rout
The Chatbot That Foretold Why People Share Secrets With ChatGPT
And the answer is…… 🥁🥁🥁🥁
The letter “E”
Goodbye, see you next week.
Haystack