AI Watch: SpaceX IPO draws $250 billion in orders as AI stock rout deepens on inflation fears

US chipmakers remained under pressure as rising inflation and geopolitical tensions triggered another wave of selling in technology shares. Oracle reported strong quarterly earnings but disappointed on cloud revenue and outlined plans for a major fundraising to expand data centre capacity. Robotics startup Neura secured a large funding round backed by major technology investors, while Bill Gates told a US House panel he ended ties with Jeffrey Epstein in 2014 and described the relationship as a mistake.