A company developing Russia’s answer to Elon Musk’s Starlink said it completed its first tests. Bureau 1440, a Russian-owned project, said the trials were successful, with more to come. It uses the same approach as SpaceX’s Starlink and other companies vying for the market. A company developing Russia’s answer to Elon Musk’s Starlink said it […]
Tech billionaire Elon Musk confirmed Friday that his X app is planning to host a livestreamed town hall-style event with former President Donald Trump. “This will be interesting,” Musk, the owner of X, posted on the app while sharing a report about the plan from the New York Post. Plans for the event were reported […]
(Reuters) -The California Public Employees Retirement System (CalPERS) CEO Marcie Frost is planning to oppose Tesla CEO Elon Musk’s $56 billion pay package, CNBC reported on Wednesday. “We do not believe that the compensation is commensurate with the performance of the company,” Frost said in an interview to CNBC. Asked if the pension fund was […]
(Reuters) – Cathie Wood’s Ark Investment Management had purchased a stake in xAI, Elon Musk’s artificial intelligence startup with a post-money valuation of $24 billion, Bloomberg News reported on Tuesday. The stake represents about 2% of the fund’s holdings, according to Ark Chief Futurist Brett Winton in an interview to Bloomberg, which added that Ark […]
(Reuters) – Cathie Wood’s Ark Investment Management had purchased a stake in xAI, Elon Musk’s artificial intelligence startup with a post-money valuation of $24 billion, Bloomberg News reported on Tuesday. The stake represents about 2% of the fund’s holdings, according to Ark Chief Futurist Brett Winton in an interview to Bloomberg, which added that Ark […]
Tesla (TSLA) shareholders should reject CEO Elon Musk’s proposed $56 billion compensation package, proxy advisory firm Glass Lewis said. Tesla stock fell a fraction early Monday. X Glass Lewis said in a report released Saturday that the pay deal is “excessive” and cited the “dilutive impact” on current shareholders. Investors first approved the pay deal […]
In today’s video, I discuss recent updates impacting Nvidia (NASDAQ: NVDA). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of May 24, 2024. The video was published on May 26, 2024. Should you invest $1,000 in Nvidia right now? […]
A group of investors will put up $6 billion (€5.5 billion) to fund development of artificial intelligence by Elon Musk’s xAI. The company said on its website that the Series B funding round will be used to take xAI’s first products to market and speed up research. XAI said it has made “significant strides” during […]
Billionaire Elon Musk’s artificial intelligence (AI) startup xAI announced Sunday that the company raised $6 billion in Series B funding that lifts the company’s valuation to $24 billion after the investment. Among the investors in xAI’s $6 billion Series B round were Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research […]
A group of investors will put up six billion dollars (£4.7 billion) to fund development of artificial intelligence by Elon Musk’s xAI. The company said on its website that the Series B funding round will be used to take xAI’s first products to market and speed up research. XAI said it has made “significant strides” […]
xAI, Elon Musk’s AI startup, plans to build a massive supercomputer to enhance its AI chatbot, Grok, reports Reuters citing The Information. The supercomputer, which Elon Musk refers to as the Gigafactory of Compute, is projected to be ready by fall 2025 and might involve a collaboration with Oracle. With this development, Musk aims to significantly surpass rival […]
(Reuters) -Elon Musk’s AI startup xAI raised $6 billion in series B funding, reaching a post-money valuation of $24 billion as investors bet big on challengers to companies like OpenAI in the intensifying AI race. The funding round was backed by investors including Andreessen Horowitz and Sequoia Capital, the company said in a blog post […]