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Tech News Digest: IPO Season, Autonomous Weapons, and a Billionaire Milestone

Tech News Today

Here's a quick look at today's top tech stories covering AI, space, social media, and smartphone pricing.

Nothing CEO warns phone prices are climbing

Nothing CEO Carl Pei has warned that RAM costs have become so significant they now account for over half of a phone's total production cost, with memory prices doubling twice since the Nothing Phone 4A was planned, signaling that consumers should expect continued price increases across the industry.

Facebook and Instagram hit by widespread outage

Users worldwide reported widespread outages affecting Facebook, Instagram, and WhatsApp on Wednesday morning, with many unable to access the Meta-owned platforms.

Ukraine tests fully autonomous drones in combat

Ukraine has reportedly conducted a test involving fully autonomous drones that engaged Russian soldiers, a rare instance of such technology in combat. The nation is actively integrating AI modules into its drone and robot systems.

Elon Musk becomes world's first trillionaire

SpaceX's recent stock market debut has pushed Elon Musk's net worth above the trillion-dollar threshold, making him the first person in history to achieve this milestone.

Tech giants prepare for IPO rush

A cluster of major AI and tech companies including SpaceX, Anthropic, and OpenAI are reportedly preparing to go public in the same window, marking a potential turning point for the IPO market and creating a new group dubbed 'MANGOS.'

SpaceX moves toward IPO

SpaceX is moving toward a potential initial public offering, with pre-IPO deals already underway and an S-1 registration document filed that reveals key details about the company's structure and stakeholders.