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Elon Musk's xAI Valued At $18 Billion In Latest Funding Round As Musk Looks To Take On $80 Billion OpenAI, A Company He Co-Founded

Elon Musk is reportedly raising $6 billion at a $18 billion valuation for his latest venture, xAI.Corp. Initially, xAI was set to raise $3 billion with a premoney valuation of $15 billion. However, because of overwhelming interest from investors, the terms of the deal were renegotiated, resulting in a significant increase in valuation. "We all received an email that basically said, ‘It's now $6B on $18B, and don't complain because a lot of other people want in," an ano...
Elon Musk Steve Jurvetson Sequoia Capital Jai Corp Boring Company Epic Games
Source: yahoo.com

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Microsoft's $75B Acquisition of Activision Cleared of Insider Trading Concerns by SEC

Securities regulators concluded their investigation into significant investments Barry Diller, Alexander von Furstenberg, and David Geffen made in Activision Blizzard shortly before Microsoft Corp (NASDAQ:MSFT) acquired the company in 2022. The Securities and Exchange Commission (SEC) and the Justice Department investigated these options purchases for potential insider trading but found no grounds for charges, the Wall Street Journal reports. Microsoft completed its $75 billion acquisition of Ac
United States David Geffen Barry Diller Justice Department Information Technology Index Sector Fund
Source: yahoo.com

Amazon Bets Big With CrowdStrike on Cybersecurity Products

(Bloomberg) -- Amazon.com Inc. is betting big on cybersecurity firm CrowdStrike Holdings Inc., replacing other defensive tools with the company’s safeguards. Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineApple Rallies Most in 18 Months on Upbeat Forecast, BuybackTurkey Confirms All Trade Halt With Israel Over War in GazaTrump Auditions VP Picks Before Wealthy Donors in Palm BeachHuawei Secretly Backs US Research, Awarding Millions in PrizesAmazon&#x...
New York United States Bloomberg Businessweek George Kurtz Microsoft Corp Partnership Aimed At Hyperscaler
Source: yahoo.com

Apple's Earnings Come With a Low Bar and Big Buyback Hopes

(Bloomberg) -- Apple Inc. is facing something unusual as it gears up to report its second-quarter results after the close: low expectations.Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineApple Rallies Most in 18 Months on Upbeat Forecast, BuybackTurkey Confirms All Trade Halt With Israel Over War in GazaTrump Auditions VP Picks Before Wealthy Donors in Palm BeachHuawei Secretly Backs US Research, Awarding Millions in PrizesIts reputation as a haven that can
United States Yoolim Lee Subrat Patnaik Bloomberg Businessweek Elon Musk Matt Stucky
Source: yahoo.com

Bill Gates Is Reportedly Selling A Pair Of Yachts After Dropping To His Lowest Rank On The Billionaire List In 34 Years

Bill Gates, the co-founder of Microsoft Corp. and a renowned philanthropist, has been slipping down the ranks of the world’s billionaires. Despite boasting a net worth of nearly $128 billion, Gates is at No. 9 on the Forbes Billionaire Index, a significant drop from his previous position at No. 7 a month ago. This marks his lowest ranking since 1990 when he ranked 16th. Gates has been recognized not only for his immense wealth but also for his environmental advocacy, which makes his owner...
New York United States Astilleros Armon Bill Gates Dara Khosrowshahi Microsoft Corp
Source: yahoo.com

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