Elon Musk Says He Has Sold X to His A.I. Start-Up xAI

The deal combined two of Mr. Musk’s companies, which have been on different trajectories. The transaction valued xAI at $80 billion and X at $33 billion, the billionaire said.

The New York Times - 8h

Alibaba’s new open source model QwQ-32B matches DeepSeek-R1 with way smaller compute requirements

While DeepSeek-R1 operates with 671 billion parameters, QwQ-32B achieves comparable performance with a much smaller footprint.

VentureBeat - Mar. 5

Female founders in the U.S. VC ecosystem: the good and the bad | Pitchbook (updated)

Women founders and investors raised $38.8 billion in funding in the U.S. in 2024, up 27% from the year before, according to PitchBook.

VentureBeat - Mar. 6

Trump Signs Order to Create a ‘Crypto Reserve’

The first-of-its-kind reserve will be anchored by a stash of Bitcoin the government already owns, estimated to be worth billions of dollars.

The New York Times - Mar. 9

Potential $7.4B Purdue Pharma opioid settlement frustrates some victims

Opioid victims are not getting a "fair shake" in potential $7.4 billion settlement, a claimant in the Purdue Pharmacy bankruptcy case says.

CBS News - Mar. 9

Cuts to Medicare, Medicaid Would Be ‘Catastrophic for Women’s Health,’ Says Chelsea Clinton

Republicans want to slash $880 billion from the agency overseeing Medicaid. There’s no way to do so without touching benefits.

Inc. - Mar. 10

Social Security to increase overpayment withholdings to 100% from 10%

The clawback reversal would apply to new overpayments and will save $7 billion over 10 years.

MarketWatch - Mar. 10

UN to rent Bangladesh property owned by former regime associate

Sobhan family under scrutiny amid efforts to claw back billions of dollars allegedly lost under Sheikh Hasina’s rule

Financial Times - Mar. 11

Junior Bridgeman, NBA player-turned-billionaire businessman and Bucks minority owner, dies at 71

Bridgeman played more than a decade in the NBA before amassing a reported $1.4 billion in wealth

CBS Sports - Mar. 12

Monopoly Go maker Scopely to acquire Niantic’s games business for $3.5B

Scopely has agreed to acquire Niantic's games business, which includes Pokémon Go, in a deal valued at $3.5 billion.

VentureBeat - Mar. 12

Comcast expands partnership with Olympics, extends media rights through 2036

Comcast gained the rights to broadcast the Olympic Games through 2036 as part of a new $3 billion agreement with the International Olympic Committee.

CNBC - Mar. 13

Taxpayers will suffer if Thames Water collapses, warns regulator

Ofwat says placing Thames under government control could end up costing taxpayers billions of pounds.

BBC News - Mar. 13

NBC to broadcast Olympics in the U.S. through 2036

Comcast NBCUniversal signs deal with IOC for U.S. broadcast rights worth $3 billion.

Yahoo Sports - Mar. 13

Trump and DOGE Create Anxiety but Opportunity for Federal Contractors

By cutting federal employees, the Trump administration may increase its reliance on firms that take in billions through government contracts.

The New York Times - Mar. 14

Microsoft says ID@Xbox has paid $5B to date to indie game devs

Microsoft said that ID@Xbox indie gaming label has paid out $5 billion to date to independent game developers.

VentureBeat - Mar. 18

Reeves to squeeze public spending further in Spring Statement

Billions of pounds of savings sought from Whitehall budgets to fill a hole in the public finances

Financial Times - Mar. 18

Why sportsbooks like FanDuel and DraftKings really need March Madness bettors to lose this year

March Madness numbers to know include $3.1 billion in wagers and nearly $5 million in earnings for one player.

MarketWatch - Mar. 20

A Personal Finance Reporter Ponders His Own Climate Change Risk

A Times reporter co-wrote a guide to buying a home in an era of record heat, floods and billion-dollar disasters.

The New York Times - Mar. 20

2025 Is Shaping Up to Be a Year of Self-Care. Call It the White Lotus Effect.

Wellness tourism has ballooned into a $259 billion industry just as consumers have more reason to check out.

Inc. - Mar. 21

Secretive Future Fighter Jet Contract Goes to Boeing, Trump Says

The initial contract for the next-gen stealth fighter jet for the Air Force, known as NGAD, is worth around $20 billion.

Inc. - Mar. 21

Sir James Dyson: Sucking up the cash

How a blocked vacuum cleaner led to a billion-dollar idea for inventor James Dyson

BBC News - 5d

The Importance of Being SpaceX

Tesla might be suffering, but SpaceX is poised to profit off billions in new government contracts

The New York Times - 4d

What is the new F-47 fighter jet Trump announced?

Trump revealed Boeing has won the $20 billion contract to create and engineer the F-47 fighter jet.

The Hill - 3d

CDC is pulling back $11B in Covid funding sent to health departments across the U.S.

The Centers for Disease Control and Prevention is pulling back $11.4 billion in funds allocated in response to Covid to state and community health departments.

NBC News - 3d

Renewable Energy Jumps to a New High, Powered by China Solar Boom

Renewable energy is booming. And the U.S. now has 176 billion watts of solar panel power.

Inc. - 2d

The Papers: 'On the backs of the poor' and 'tax rise fears'

Reaction to the chancellor announcing billions in cuts and gloomy economic forecasts dominate the front pages.

BBC News - 2d

Hugging Face co-founder Thomas Wolf just challenged Anthropic CEO’s vision for AI’s future — and the $130 billion industry is taking notice

Hugging Face co-founder Thomas Wolf challenges Anthropic CEO Dario Amodei's "compressed 21st century" vision, arguing AI systems are building "yes-men on servers" rather than the revolutionary ...

VentureBeat - Mar. 6

Europe wants to pour billions of dollars into its own defense companies — but market watchers say it may not be able to shut American firms out

As Europe looks to hike defense spending, CNBC spoke to industry experts about how the money could be spent — and where it leaves U.S. firms.

CNBC - 2d

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