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Expect retail hype to make SpaceX stock especially volatile in early trading

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Samuel Boivin/NurPhoto via Getty Images Retail participation in the SpaceX IPO is expected to be high, which could fuel outsize volatility. The company and Wall Street pros warn retail participation and hype could fuel volatility. The historic IPO's scale and index opportunities could amplify retail investor SPCX exposure. SpaceX's highly anticipated IPO is likely to be a huge event for retail traders , but that means investors should expect more volatility than usual for a trading debut. The company is expected to allocate an atypically large amount of stock for retail investors at the IPO price, up to 30% of the shares sold, compared to 5% to 10% for other offerings. Truist, JPMorgan, and SpaceX itself have signaled the stock's retail exposure is a reason to expect heightened volatility when trading begins. "Retail involvement and index inclusion: these will be key factors in the stock's early trading," Truist analysts said. It comes as no surprise retail i...
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Founders Fund launches a TV-style game show featuring A-list founders and investors, including Sam Altman and Palmer Luckey, playing a game of Mafia (Tom Dotan/Newcomer)

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Tom Dotan / Newcomer : Founders Fund launches a TV-style game show featuring A-list founders and investors, including Sam Altman and Palmer Luckey, playing a game of Mafia   —  Do people want to watch the likes of Sam Altman, Trae Stephens & Palmer Luckey compete in a party game?  We'll soon find out.  —  ∙ Paid from Techmeme https://ift.tt/0BKfetP
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Arizona Public Service, the state's largest utility, proposes a 45% electricity-rate increase for data centers to ensure "that they are paying their fair share" (Jennifer Hiller/Wall Street Journal)

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Jennifer Hiller / Wall Street Journal : Arizona Public Service, the state's largest utility, proposes a 45% electricity-rate increase for data centers to ensure “that they are paying their fair share”   —  State's largest utility is proposing a 45% electricity-rate increase for data centers and a 14.5% hike for households. from Techmeme https://ift.tt/E4fJhQ9
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A software engineer created a 90-day AI course to help workers across departments build the tech they want

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Flexport's vice president of engineering, Alex Nederlof. Flexport Flexport trains its staff to use AI so they can customize automated workflows. The VP of engineering at the freight-forwarding company shared how the upskilling course works. AI upskilling in logistics can boost efficiency and help staff adapt to job-market changes. AI is modernizing supply chains by suggesting more efficient delivery routes , tracking energy use, and increasing access to quality products . Still, the broader logistics industry is in the early stages of AI implementation. "Tools have developed faster than what the internal capability has," said Anastasia Kouvela, a managing director and partner at Boston Consulting Group. She said there is a skills gap in the logistics-data discipline, a lack of trust in advanced algorithms, and a shortage of soft skills needed to explain AI decisions to customers, all of which hinder logistics companies' abilities to implement AI. To get ahead of these...
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Security firm Calif says it used OpenAI's Codex to discover HTTP/2 Bomb, a remote DoS exploit affecting web servers like Nginx, Apache HTTPD, and Microsoft IIS (The Hacker News)

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The Hacker News : Security firm Calif says it used OpenAI's Codex to discover HTTP/2 Bomb, a remote DoS exploit affecting web servers like Nginx, Apache HTTPD, and Microsoft IIS   —  Cybersecurity researchers have discovered a remote denial-of-service exploit that affects major web servers, including NGINX … from Techmeme https://ift.tt/IVThGpE
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OpenAI diverges from Trump's AI EO in a new policy paper, proposing cyber risk evaluations for advanced AI systems be mandatory and led by CAISI, not the NSA (Brendan Bordelon/Politico)

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Brendan Bordelon / Politico : OpenAI diverges from Trump's AI EO in a new policy paper, proposing cyber risk evaluations for advanced AI systems be mandatory and led by CAISI, not the NSA   —  OpenAI's new proposal comes as its CEO Sam Altman descends on Washington for a series of Wednesday meetings with White House officials … from Techmeme https://ift.tt/cF3CDdx
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Microsoft announces new on-device AI updates for Edge: a dev preview of a new SLM called Aion-1.0-Instruct, Language Detector and Translator APIs, and more (Paul Thurrott/Thurrott)

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Paul Thurrott / Thurrott : Microsoft announces new on-device AI updates for Edge: a dev preview of a new SLM called Aion-1.0-Instruct, Language Detector and Translator APIs, and more   —  Tied to the earlier Windows 11 developer news, Microsoft is also bringing more local AI capabilities to its Edge web browser too. from Techmeme https://ift.tt/LXzONHK
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