Elon Musk’s xAI and Nvidia join BlackRock and Microsoft’s $30bn AI fund

• Microsoft is open to using natural gas to power AI data centers to keep up with demand

  Microsoft Vice President of Energy Bobby Hollis said natural gas with carbon capture is an option if the projects are commercially viable.
  
  CNBC - Mar. 11

• European tech founders join forces to invest in young entrepreneurs

  Podcaster Harry Stebbings is spearheading a €10mn fund to build tech start-ups to combat a ‘doom loop’ in Europe
  
  Financial Times - Mar. 12
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  Tech stocks tumble as AI boom fizzles out

  The world’s biggest technology companies have seen their stock prices tumble over the past month as wider tumult in the market hits the tech sector hard after years of steep gains driven by ...
  
  The Hill - 5d
• 

  Inside Elon Musk’s ‘Digital Coup’

  Musk’s loyalists at DOGE have infiltrated dozens of federal agencies, pushed out tens of thousands of workers, and siphoned millions of people’s most sensitive data. The next step: Unleash the AI.
  
  Wired - 6d

• Nvidia, GM announce deal for AI, factories and next-gen vehicles

  GM and Nvidia have inked new deals that include the carmaker utilizing several AI services from the tech giant for its vehicles, ADAS and factories.
  
  CNBC - 7h

• Digging into Elon Musk's relationship with California

  Before becoming President Trump's right-hand man in Washington, D.C., Elon Musk built his career on the West Coast. Emma Anderson, California tech editor for Politico, joins "America Decides" to ...
  
  CBS News - 5d
• 

  From chatbots to intelligent toys: How AI is booming in China

  China plans to invest more than a trillion dollars as it races against the US to rule advanced tech.
  
  BBC News - Mar. 10
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  Cerebras just announced 6 new AI datacenters that process 40M tokens per second — and it could be bad news for Nvidia

  Cerebras Systems is challenging Nvidia with six new AI data centers across North America, promising 10x faster inference speeds and 7x cost reduction for companies using advanced AI models like ...
  
  VentureBeat - Mar. 11

• Microsoft has been the worst Big Tech stock lately. Here’s why it may become the best.

  Microsoft is getting more disciplined on AI spending and is better positioned than rivals for a consumer-spending slowdown, according to one analyst.
  
  MarketWatch - 5d

More from Financial Times

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  Fed cuts US growth forecast as Trump’s policies weigh on outlook

  Central bank also lifts inflation projection as chair Jay Powell warns of tariff impact
  
  Financial Times - 1h
• 

  Powell acknowledges ‘uncertainty’ as Fed juggle growth and inflation risks

  Bank’s latest projections show officials expect GDP to expand by 1.7 per cent this year
  
  Financial Times - 1h
• 

  BYD’s 5-minute charge: is time running out for electric-vehicle rivals?

  Chinese carmaker’s second shock announcement of the year could put others out of business, say analysts
  
  Financial Times - 6h
• 

  Europe is only half-awake from its long sleep

  Talk of Donald Trump bringing the continent together is absurdly premature
  
  Financial Times - 8h
• 

  The war on encryption is dangerous

  Government demands to access encrypted data via back doors will leave it vulnerable to hacks, breaches and theft
  
  Financial Times - 5h

More in Business

• The Fed’s interest-rate pause has a silver lining for worried Americans — if they make this move

  Consumers are increasingly concerned about their jobs and their access to credit as recession fears loom.
  
  MarketWatch - 26m

• Here’s who should be buying Tesla’s stock right now, and why, says analyst

  Tesla shares have lost more than half their value in a span of just three months, and Cantor Fitzgerald now believes there’s 80% upside.
  
  MarketWatch - 29m

• The SEC has disarmed. Now it’s time for crypto to ‘deliver on its promises.’

  The crypto industry continues to rack up wins in Washington, with Ripple Labs CEO Brad Garlinghouse announcing on X on Wednesday that the Securities and Exchange Commission will drop its appeal of ...
  
  MarketWatch - 32m

• Fed holds interest rates steady, still sees two cuts coming this year

  The Federal Reserve in a closely watched decision Wednesday held the line on benchmark interest rates though still indicated that reductions are likely later in the year.
  
  CNBC - 41m

• XRP surges after Ripple CEO Brad Garlinghouse says SEC is dropping its lawsuit against the company

  Ripple CEO Brad Garlinghouse said Wednesday that the SEC is no longer pursuing its appeal in the case against the payments company.
  
  CNBC - 50m