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SpaceX has acquired xAI in a record-setting transaction, consolidating Elon Musk’s artificial intelligence and space businesses into a single platform. The deal, first reported by Reuters, values SpaceX at about $1 trillion and xAI at roughly $250 billion, according to people familiar with the matter, making it the largest merger and acquisition transaction on record. […]
Tesla said it will invest $2 billion in xAI, the artificial intelligence company founded by its chief executive Elon Musk, while reaffirming that production of its Cybercab robotaxi remains on track to begin this year. The move underscores Tesla’s strategic shift from a traditional electric vehicle maker toward an AI- and autonomy-focused business model. The […]
Apple warned that increasing memory chip prices are beginning to weigh on profitability, as major suppliers shift production toward higher-margin chips used in artificial intelligence systems. Chief executive Tim Cook said market pricing for memory has risen sharply and is expected to have a greater impact in the current quarter, following only limited effects during […]