British neocloud company Nscale is going public on the NYSE with an expected $35 billion valuation, seeking $3 billion in funding. The company's revenue is heavily concentrated, with 85% coming from two customers: Microsoft ($43.8 billion through 2033) and Anthropic ($44.6 billion, contingent on financing and milestones). This customer concentration reflects broader interconnectedness in the AI infrastructure industry, where major providers depend on a limited number of customers, creating potential systemic risk.
Elon Musk claimed his Boring Company is developing a Hyperloop between Austin and San Antonio to reduce travel time to under 30 minutes. While most of the company's announced projects have not materialized, it operates a transit system in Las Vegas and recently raised $3 billion funding. Musk made the statement in response to an AI-generated video about future human colonies.