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Elon Musk says xAI acquired X in an all-stock deal valuing xAI at $80B and X at $33B; xAI was reportedly in talks to raise funds in February at a $75B valuation (CNBC)

Elon Musk says xAI acquired X in an all-stock deal valu...

Mar 29, 2025 0

CNBC: Elon Musk says xAI acquired X in an all-stock deal valuing xAI at $80B a...

Sources: Blackstone is evaluating a small minority investment in TikTok's US operations, joining the front-running bid by ByteDance's non-Chinese shareholders (Reuters)

Sources: Blackstone is evaluating a small minority inve...

Mar 28, 2025 0

Reuters: Sources: Blackstone is evaluating a small minority investment in TikT...

@xAI has acquired @X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt). Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at unprecedented speed and scale... xAI and X's futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent. (Elon Musk/@elonmusk)

@xAI has acquired @X in an all-stock transaction. The ...

Mar 28, 2025 0

Elon Musk / @elonmusk: @xAI has acquired @X in an all-stock transaction. The c...

Elon Musk says xAI has acquired X in an all-stock transaction valuing xAI at $80B and X at $33B (CNBC)

Elon Musk says xAI has acquired X in an all-stock trans...

Mar 28, 2025 0

CNBC: Elon Musk says xAI has acquired X in an all-stock transaction valuing xA...

@xAI has acquired @X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt). Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at (Elon Musk/@elonmusk)

@xAI has acquired @X in an all-stock transaction. The c...

Mar 28, 2025 0

Elon Musk / @elonmusk: @xAI has acquired @X in an all-stock transaction. The co...

Sources: DOGE aims to migrate all Social Security Administration's computer systems off COBOL in a matter of months, risking the integrity of SSA infrastructure (Makena Kelly/Wired)

Sources: DOGE aims to migrate all Social Security Admin...

Mar 28, 2025 0

Makena Kelly / Wired: Sources: DOGE aims to migrate all Social Security Admini...

Elon Musk says xAI has acquired X in an all-stock transaction valuing xAI at $80B and X at $33B (Elon Musk/@elonmusk)

Elon Musk says xAI has acquired X in an all-stock trans...

Mar 28, 2025 0

Elon Musk / @elonmusk: Elon Musk says xAI has acquired X in an all-stock transa...

Sources: ScaleAI is seeking a valuation as high as $25B in a potential tender offer; it was last valued at $13.8B in a $1B Series F round led by Accel in 2024 (Ben Bergman/Business Insider)

Sources: ScaleAI is seeking a valuation as high as $25B...

Mar 28, 2025 0

Ben Bergman / Business Insider: Sources: ScaleAI is seeking a valuation as high...

Sources: OpenAI is finalizing a $40B round led by SoftBank, receiving $10B initially and another $30B by 2025's end if it restructures into a for-profit company (Wall Street Journal)

Sources: OpenAI is finalizing a $40B round led by SoftB...

Mar 28, 2025 0

Wall Street Journal: Sources: OpenAI is finalizing a $40B round led by SoftBan...

CoreWeave closes flat at $40 in its Nasdaq debut; CoreWeave's offering is the largest US IPO since UiPath's NYSE debut in 2021 (Jordan Novet/CNBC)

CoreWeave closes flat at $40 in its Nasdaq debut; CoreW...

Mar 28, 2025 0

Jordan Novet / CNBC: CoreWeave closes flat at $40 in its Nasdaq debut; CoreWea...

Reddit shares are down 50% from a February high, after its Q4 earnings report showed its traffic took a hit from a change in Google's search algorithm (Carmen Reinicke/Bloomberg)

Reddit shares are down 50% from a February high, after ...

Mar 28, 2025 0

Carmen Reinicke / Bloomberg: Reddit shares are down 50% from a February high, ...

Former Twitch CEO Emmett Shear, who was OpenAI's interim CEO in 2023 when Sam Altman was fired, launches Softmax, a startup focused on AI alignment (Ashlee Vance/Core Memory)

Former Twitch CEO Emmett Shear, who was OpenAI's interi...

Mar 28, 2025 0

Ashlee Vance / Core Memory: Former Twitch CEO Emmett Shear, who was OpenAI's i...

A jury finds Frank founder Charlie Javice guilty of defrauding JPMorgan Chase by falsifying Frank user numbers; the charges carry a maximum sentence of 30 years (Luisa Beltran/Fortune)

A jury finds Frank founder Charlie Javice guilty of def...

Mar 28, 2025 0

Luisa Beltran / Fortune: A jury finds Frank founder Charlie Javice guilty of d...

Trump pardons BitMEX founders Arthur Hayes, Benjamin Delo, and Samuel Reed, who previously pled guilty to federal criminal charges related to money laundering (CNBC)

Trump pardons BitMEX founders Arthur Hayes, Benjamin De...

Mar 28, 2025 0

CNBC: Trump pardons BitMEX founders Arthur Hayes, Benjamin Delo, and Samuel Re...

Google will pay $100M in cash to settle a 2011 lawsuit accusing the company of charging for clicks on ads outside the geographic areas the advertisers targeted (Jonathan Stempel/Reuters)

Google will pay $100M in cash to settle a 2011 lawsuit ...

Mar 28, 2025 0

Jonathan Stempel / Reuters: Google will pay $100M in cash to settle a 2011 law...

The US FDIC says banks can engage in cryptocurrency and other legally permitted activities without prior regulatory approval if they manage risks appropriately (Pete Schroeder/Reuters)

The US FDIC says banks can engage in cryptocurrency and...

Mar 28, 2025 0

Pete Schroeder / Reuters: The US FDIC says banks can engage in cryptocurrency ...

CoreWeave opens down 2.5% at $39 in its Nasdaq debut; CoreWeave's offering is the largest US IPO since UiPath's NYSE debut in 2021 (Jordan Novet/CNBC)

CoreWeave opens down 2.5% at $39 in its Nasdaq debut; C...

Mar 28, 2025 0

Jordan Novet / CNBC: CoreWeave opens down 2.5% at $39 in its Nasdaq debut; Cor...

US chipmaker Wolfspeed's shares fell ~50% on Friday, hitting their lowest since 1998, a day after it appointed a new CEO, amid worries about CHIPS Act funding (Kritika Lamba/Reuters)

US chipmaker Wolfspeed's shares fell ~50% on Friday, hi...

Mar 28, 2025 0

Kritika Lamba / Reuters: US chipmaker Wolfspeed's shares fell ~50% on Friday, ...

Michael Novogratz's Galaxy Digital will pay $200M as part of a settlement with the New York AG over the firm's role in promoting the failed Luna cryptocurrency (Emily Nicolle/Bloomberg)

Michael Novogratz's Galaxy Digital will pay $200M as pa...

Mar 28, 2025 0

Emily Nicolle / Bloomberg: Michael Novogratz's Galaxy Digital will pay $200M a...

Anthropic researchers share the surprises they observed while watching Claude think: planning ahead, confusion between safety and helpfulness goals, lying, more (Steven Levy/Wired)

Anthropic researchers share the surprises they observed...

Mar 28, 2025 0

Steven Levy / Wired: Anthropic researchers share the surprises they observed w...

Sources: DOGE aims to migrate all Social Security Administration's computer systems off COBOL in a matter of months, risking the integrity of the system (Makena Kelly/Wired)

Sources: DOGE aims to migrate all Social Security Admin...

Mar 28, 2025 0

Makena Kelly / Wired: Sources: DOGE aims to migrate all Social Security Admini...

Google says Pixel 9a will launch in the US, Canada, and UK on April 10; the company delayed the phone's launch to April to check "on a component quality issue" (Abner Li/9to5Google)

Google says Pixel 9a will launch in the US, Canada, and...

Mar 28, 2025 0

Abner Li / 9to5Google: Google says Pixel 9a will launch in the US, Canada, and...

A US judge dismisses Samsung's Oura lawsuit, saying Samsung acted prematurely in seeking a judgment that Galaxy Ring doesn't infringe on Oura's patents (Victoria Song/The Verge)

A US judge dismisses Samsung's Oura lawsuit, saying Sam...

Mar 28, 2025 0

Victoria Song / The Verge: A US judge dismisses Samsung's Oura lawsuit, saying...

AppLovin hires a law firm to investigate short sellers' allegations that the mobile ad company's ad performance numbers are fraudulent (Olivia Solon/Bloomberg)

AppLovin hires a law firm to investigate short sellers'...

Mar 28, 2025 0

Olivia Solon / Bloomberg: AppLovin hires a law firm to investigate short selle...

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