“xAI and X’s futures are intertwined,” Musk said. “Today, we officially take the step to combine the data, models, compute, distribution and talent.”
Author: Nileena Sunil
The employees were reportedly asked to train Indian employees on their job roles as they would have to exit the company soon.
Yutori, an AI assistant startup founded by former Meta executives Devi Parikh and Dhruv Batra, has raised $15 million in funding
OpenAI has put a rate limit on image generation requests for ChatGPT, with CEO Sam Altman stating “our GPUs are melting,” via an X post on Thursday
A federal judge has ruled on Wednesday that media outlets including the New York Times can proceed with their lawsuit against OpenAI and Microsoft
The Trump administration has cancelled over $12 billion in grant funding to state and local health departments over the course of this week
Student visa rejections for Indian students planning to study in the United States has reached a decade-high in the 2023-2024 fiscal year, with 41% of F-1 visas being rejected
OpenAI is reportedly close to finalizing a $40 billion funding round led by Japan’s SoftBank Group
AI company Anthropic has secured a legal victory on Tuesday in a copyright dispute brought by several music publishers
Music sharing app Napster is being purchased by 3D technology company Infinite Reality for $207 million, according to media reports on Tuesday
Autonomous vehicle company Waymo plans to launch its Waymo One ride hailing service in Washington D.C. by 2026
PsiQuantum is raising at least $750 million in a funding round, valued at an estimated $6 billion pre-money. The fundraising effort has been led by BlackRock
Israeli entrepreneur and former Meta engineering executive Roi Tiger is raising $55 million for his stealth cybersecurity startup
Alibaba-affiliate Ant Group is reportedly using a mix of U.S.- and Chinese-made semiconductors to enhance the efficiency of its AI development
South Korean conglomerate Hyundai announced on Monday that it would be investing roughly $21 billion in U.S. domestic manufacturing
Beijing assures US and other foreign business leaders that it will continue to open its market to investments and collaborations
FuriosaAI, a South Korean AI chipmaking company, has reportedly turned down an acquisition deal from Meta worth $800 million
DNA testing firm 23andMe has filed for bankruptcy protection and announced the resignation of its CEO and co-founder Anne Wojcicki on Sunday in a press release
This marks the most expensive ownership change for a North American sports franchise
Apple subscription is reportedly the only subscription service that isn’t generating a profi
Perplexity AI is in the talks to raise between $500 million and $1 billion in funding at an $18 billion post-funding valuation
Nvidia has announced Tuesday a new open-source software designed to enhance the efficiency and scalability of AI reasoning models in AI factories called Nvidia Dynamo
Nvidia plans to invest hundreds of billions of dollars in U.S.-made chips and electronics over the next four years
The United States’ SEC announced on Wednesday that it is dropping a yearslong case against Ripple Labs, a cryptocurrency firm associated with the White House
Stephen Gardner, CEO of railroad company Amtrak, is stepping down from his position “to ensure that Amtrak continues to enjoy the full faith and confidence of this administration”