📉 SpaceX shares drop 6.5% after IPO surge

🤖 Google builds its own AI chip ecosystem

🩻 Midjourney launches a suprising medical imaging division

🧠 Perplexity's agent now remembers its own mistakes

🤝 OpenAI hires Gemini co-lead Noam Shazeer

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SpaceX shares fell 6.5% Thursday to $178.50, knocking roughly $150 billion off a market cap that had topped $2.5 trillion. The stock still trades about 30% above its $135 IPO price.

SpaceX raised $75 billion last week in the largest IPO ever, briefly cracking the world's five most valuable companies. Retail investors who piled in for three sessions barely bought Thursday, netting just $9 million.

Investors are weighing SpaceX's costly AI pivot: this week it agreed to buy Cursor maker Anysphere for $60 billion and lined up a bond sale of at least $20 billion. Analysts warned to expect this.

Google is copying Nvidia's playbook, pairing its custom TPU chips with cloud software and developer tools to lock in an ecosystem. In April it launched eighth-gen TPUs split into separate training and inference models.

Nvidia built its dominance by pairing GPUs with CUDA software and developer lock-in, and still holds over 80% of the roughly $400 billion AI chip market. Google is targeting that moat with cheaper, cloud-optimized silicon.

The strategy is working: rivals are buying in, with Meta and Anthropic both signing major TPU deals and Anthropic alone reportedly committing up to a million chips. Nothing signals traction like your rivals becoming customers.

Midjourney launched a health division and its first hardware product, a full-body ultrasound scanner that lowers you into water ringed with roughly 500,000 sensors and maps your insides in 60 seconds.

The scanner runs on Butterfly Network's ultrasound-on-chip technology, which Midjourney licensed for $15 million upfront. The company will install ten of them in a San Francisco wellness spa opening late 2027.

Midjourney says the scans rival MRI, but only about a dozen people have tried it and no peer-reviewed data backs that up. Launching as a spa, not a clinic, also dodges FDA rules for now.

Perplexity launched Brain today, a memory system for its Computer agent. Instead of storing your name or preferences, Brain logs what the agent actually did: which sources held up, what users corrected, and what failed.

Every task feeds a context graph. Overnight, Brain synthesizes that graph into a personal LLM wiki and loads it into Computer's sandbox before the next task, so the agent skips work it already figured out.

Perplexity claims 25% better correctness on repeat tasks, though those numbers are first-party with no outside benchmark. The catch: Brain only helps Computer users already paying $200 a month, and Perplexity keeps all your data.

Noam Shazeer announced on June 18 that he is leaving Google to join OpenAI. He co-led Google's Gemini models as a VP of engineering and co-authored the 2017 transformer paper behind most modern chatbots.

Google paid a reported $2.7 billion in 2024 to bring Shazeer back from Character .AI, the startup he founded after Google passed on his early chatbot pitch. He walked out again under two years later.

Shazeer's exit lands as OpenAI heads toward a reported $1 trillion IPO. Google's $2.7 billion bet shows the catch with acqui-hires: you can buy the talent, but you can't make it stay.

A) Yes - 52% 🏆

B) No - 48%