AI engineer pay hits $300K

The median pay for AI engineers in the US was $290,000 in April — about $100K more than what non-AI software engineers made, according to data from compensation data and career services platform Levels.fyi. That amount has been fluctuating in the past few years but generally going up, hitting over $300,000 in March according to data reported by employees themselves.

“Everyone trying to step into this game makes it very competitive for this limited pool of talent,” Levels.fyi founder Zuhayeer Musa told Sherwood. “They’re starting to outbid each other and competition is just going up.”

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SpaceX merges with xAI, reportedly will seek an IPO valuation of $1.25 trillion

Elon Musk says his space company has merged with his AI company, with the lofty goal of eventually putting data centers in space.

Nate Becker4h

Nate Becker

Reading between the lines on the latest SpaceX merger report and Musk’s cryptic tweet

There are a few things to note in and around Bloomberg’s report that SpaceX and xAI are in advanced deal talks.

Jon Keegan9h

Analyst: Investors should brace for Europe’s breakup with US Big Tech

The signs are there: the French government has restricted the use of Zoom for its employees. In Germany, the state of Schleswig-Holstein is ending the use of Microsoft Teams among its workers.

As US-EU tensions rise, Europe is looking to secure its own “digital sovereignty,” reduce its dependence on US-owned technology platforms, and grow its domestic tech industry. It now seems the European breakup with Big Tech is underway.

Tuttle Capital Management CEO Matthew Tuttle thinks that most investors aren’t paying enough attention to this growing problem for the American tech sector’s stocks.

In a note to investors, Tuttle wrote:

“The world is building optionality away from U.S. policy and platform dependence. And once you see it, you can’t unsee it — because it’s showing up in procurement decisions, supply chains, defense budgets, and capital flows.”

Europe wants to break up with US tech. Here’s how it plans on doing that.

Tuttle Capital Management CEO Matthew Tuttle thinks that most investors aren’t paying enough attention to this growing problem for the American tech sector’s stocks.

In a note to investors, Tuttle wrote:

“The world is building optionality away from U.S. policy and platform dependence. And once you see it, you can’t unsee it — because it’s showing up in procurement decisions, supply chains, defense budgets, and capital flows.”

$110B

Rani Molla10h

Waymo is seeking to raise $16 billion in a funding round that would value the autonomous car company at nearly $110 billion, Bloomberg reports. That’s higher than earlier Bloomberg estimates for the round and more than double Waymo’s 2024 valuation.

Parent company Google is leading the financing, expected to close in February, by making a $13 billion commitment that would account for a huge chunk of the round.

Rani Molla11h

China outlaws door handles Tesla is famous for

A new Chinese safety rule will require every vehicle sold in the country to have mechanically operable external and internal door handles that work even without power by 2027. The move would effectively ban the flush, motor-activated door handles Tesla is famous for, and that other EV makers like Xiaomi, Lucid, and Rivian have also adopted. Tesla is already facing scrutiny over its door designs in the US, where regulators have investigated crashes in which passengers struggled to exit vehicles after power failures.

China Bans Hidden Car Door Handles in World-First Safety Policy

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