June 22, 2026
SpaceX inks compute deal with Reflection AI, an open-source AI lab
SpaceX has signed a significant compute deal with Reflection AI, committing $150 million monthly for access to Nvidia's latest AI chips at SpaceX's Colossus 2 data center. This partnership underscores the growing demand for cutting-edge AI hardware and highlights SpaceX's strategic move into the AI sector. The deal could set a precedent for future collaborations between tech giants and AI labs, potentially accelerating AI advancements.
New Funding Rounds
New Product Launches
Industry Moves
WhatsApp has appointed Kunal Shah, founder of India's CRED, as its new chief, following Will Cathcart's transition to a new role at Meta. This leadership change is accompanied by Meta's substantial $900M investment in CRED, indicating a strategic alignment and potential expansion in the fintech space.
Policy & Regulation
The Trump administration's crackdown on Anthropic raises questions about the future of AI export regulations. This move could have significant implications for the AI ecosystem, potentially affecting the competitive landscape and international collaborations.