Elon Musk Makes Big move, with the Sale of Social Media Platform X to His AI Company xAI for $33 Billion
Elon Musk, the billionaire entrepreneur and advisor to President Donald Trump, has once again made headlines by selling social media platform X (formerly Twitter) to his own AI company, xAI. The deal, ...
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Elon Musk merges xAI with X in $113-bn deal
Since both companies are privately held and under Musk’s control, the transaction likely involved a stock swap to compensate ...
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OpenAI Approaches $40B Funding Round in For-Profit Push
While many of us are busy marvelling at ChatGPT’s latest image-generation features—transforming our photos into art ...
CommBank's Strategic Move: Establishing a Seattle Tech Hub to Enhance AI Capabilities
CommBank, Australia's leading financial institution, is taking a significant step forward by establishing a dedicated Tech Hub in Seattle, Washington. This initiative aims to propel the bank's ...
Venture Capital’s Dangerous Divide: The $6.6 Billion Mega Deals And Everyone Else
For elite VC investors backing companies like OpenAI and SpaceX, 2024 has been an amazing year with multi-billion-dollar ...