SpaceX passes Amazon as valuation balloons to $2.7T

SpaceX overtook Amazon to become the world’s fifth most valuable company, with its share price rising 20% ​​on Monday and more than 8% in early trading on Tuesday, giving it a valuation of more than $2.7 trillion. That’s despite Amazon making a $78 billion profit in 2025 on $717 billion in sales last year, while…

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KPMG pulls report on AI usage due to apparent hallucinations

Professional services firm KPMG has retracted a report titled “Redefining excellence in the age of agentic AI” after several organizations said the report’s claims about their AI use were false. Research group GPTZero identified several inaccuracies in the report, which was published in October 2025. GPTZero Told the FT that inaccuracies arose from AI hallucinations….

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