Lucid is cutting 1,500 jobs and eliminating its second factory shift four months after a prior 12% cut, as new CEO Silvio Napoli restructures the EV maker.

OpenAI has zero debt and just $46mn of quarterly capex. Ahead of its IPO, that suspiciously clean balance sheet is becoming the question, not the pitch.

China's trade curbs hit 56 US firms, including rare-earth miners and drone makers, in retaliation for the Pentagon's expanded military blacklist.

The Lime IPO is priced at up to $180.9mn, with long-time backer Uber set to anchor the deal at a roughly $1.8bn valuation.

Days after its record IPO, SpaceX is raising at least $20bn in its first investment-grade bond sale to fund a huge AI data-centre build-out.

UPS is upgrading 27 temperature-controlled freight hubs across three continents as demand for biologics and GLP-1 drugs drives a pharmaceutical cold chain boom.

Ireland assumes the EU Council presidency on 1 July, tasked with brokering tech sovereignty deals while Apple and Microsoft pay 40% of its corporate tax.

Madrid- and New York-based Prosper AI has raised a $30M Series A led by Andreessen Horowitz to push its healthcare voice AI beyond scheduling.

JD.com robots will replace its 700,000 couriers 'sooner or later', founder Richard Liu says, as he pledges to retrain them instead.

Nadella says the AI giants can't promise mass job losses and demand limitless power. Microsoft's fix: cheaper models, more control, public trust.

Germany's space minister says NASA's Artemis missions depend on German-built hardware, as a transatlantic tech sovereignty standoff escalates.

The Chevron Microsoft gas deal puts a 20-year, 2.67GW natural-gas plant behind a giant West Texas data centre, off the grid and online by 2028.