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Musk’s xAI buys third building to expand AI compute power

xAI, the artificial intelligence company founded by Elon Musk, has acquired a third building as part of its effort to significantly expand computing capacity, Musk said on Tuesday. The move is aimed at boosting xAI’s training infrastructure to nearly 2 gigawatts of compute power. The expansion highlights xAI’s ambition to compete more aggressively with leading […]

SoftBank completes $41 billion investment in OpenAI, deepening bet on AI

SoftBank Group said it has completed a $41 billion investment in OpenAI, marking one of the largest private funding rounds ever and giving the Japanese group an ownership stake of about 11% in the maker of ChatGPT. The move underscores SoftBank CEO Masayoshi Son’s increasingly aggressive push into artificial intelligence, which he has described as […]

Trump Media unveils plan to distribute new cryptocurrency to shareholders

Trump Media and Technology Group said on Wednesday it will distribute a new digital token to its shareholders, expanding its push into digital assets as the policy environment for cryptocurrencies grows more supportive in Washington. Shares of the company, which is linked to U.S. President Donald Trump and operates the social media platform Truth Social, […]