TNB Tech Minute: SpaceX and Reflection AI Sign $6 Billion Data-Center Deal

Speaker 10:00

Many companies are struggling to scale their AI deployments or even move them past the pilot stage. Often the problem isn't technology, but organizational misalignment around goals, processes, and incentives. At the break, join Caroline Roach, a senior partner at IBM Consulting, to learn why.

Julie Chang· Host0:14

[upbeat jingle] Here's your afternoon TNB Tech Minute for Monday, June 22nd. I'm Julie Chang for The Wall Street Journal. Reflection AI has agreed to rent data center capacity from SpaceX following similar agreements with Anthropic and Google. The startup, which has a twenty-five billion dollar valuation, is building a network of open source AI models. According to a person familiar with the matter, the deal is among the first for SpaceX since its public market debut earlier this month, and it'll give Elon Musk's company a hundred and fifty million dollars a month in revenue starting in July through the end of twenty twenty-nine. But shares of SpaceX are on track for their biggest one-day decline. The stock was down more than thirteen percent in afternoon trading. Meanwhile, shares of Getty Images more than doubled but has since retreated some after the company disclosed a display agreement with OpenAI. Under the deal, Getty said its licensed content libraries will appear across OpenAI search and discovery experiences within ChatGPT, enabling the use of its content within the AI platform. Getty's stock is up nearly ninety percent this afternoon. Through Friday's close, its shares had lost more than half