Elon Musk's xAI raising up to $6 billion to purchase 100,000 Nvidia chips for Memphis data center

Elon Musk’s mission to reinvent American government

Donald Trump has given the billionaire the task of slashing the size of the state. Similar efforts have fallen far short in the past

Business - Financial Times - 3 hours ago

Elon Musk recently met with Iran's ambassador to U.N.

Elon Musk's meeting comes as the Iranians seek a channel into President-elect Donald Trump's orbit.

Elon Musk targets Microsoft in expanded OpenAI lawsuit

Billionaire alleges Microsoft and OpenAI illegally sought to monopolize AI market and sideline competitors. Elon Musk has expanded his lawsuit against the ChatGPT maker OpenAI, adding federal ...

World - The Guardian - 29 minutes ago

Speaker Johnson does clean up on CHIPS Act repeal question

Speaker Mike Johnson (R-La.) quickly backtracked after saying at a campaign event on Friday that he would “probably” move to try to repeal the CHIPS and Science Act, marking the second time in a ...

Politics - The Hill - November 2

Nvidia’s stock is up nearly 200% this year, and a critical time for tech awaits

With Alphabet, Meta, Microsoft and Amazon all set to report results this week, chip-sector investors should pay attention to cloud growth and spending forecasts.

Business - MarketWatch - October 28

The year's top tech stock is up 300% thanks to AI — but it's not Nvidia

With its stock having quadrupled this year, AppLovin has outperformed all other U.S. tech companies valued at $5 billion or more.

Business - CNBC - November 4

Lucid stock tumbles following public offering to raise $1.67 billion

Lucid intends to use the proceeds "for general corporate purposes, which may include, among other things, capital expenditures and working capital."

Business - CNBC - October 17

Lucid CEO defends $1.75 billion capital raise following stock drop

Peter Rawlinson said the raise was a timely, strategic business decision to ensure the EV maker has enough capital for its ongoing operations and growth plans.

Business - CNBC - October 22

Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise

DETROIT — Investors misinterpreted a public offering last week by Lucid Group that raised roughly $1.75 billion — and led to the stock’s worst daily performance in nearly three years — CEO Peter ...

The Paris conference for Lebanon raises $1 billion in pledges for humanitarian and military support

An international conference for Lebanon in Paris raised $1 billion in pledges for humanitarian aid and military support

World - ABC News - October 24

Boeing’s stock reverses lower after announcing a $19 billion capital raise

.Boeing’s stock knee-jerked higher after a larger-than-expected capital raise was announced, but then quickly resumed its decline.

Business - MarketWatch - October 28

Bret Taylor’s AI startup Sierra raises funding at $4.5 billion valuation

Sierra, the startup founded by ex-Salesforce co-CEO Bret Taylor, has raised a fresh round of capital that values the company at $4.5 billion.

Business - CNBC - October 28

UK Budget: Labour Party to Raise Taxes by 40 Billion Pounds

Rachel Reeves, the finance minister, announced substantial tax increases in her first budget as she sought to strengthen public finances and services.

Business - The New York Times - October 30

Philadelphia Phillies capital raise values the team at around $3 billion

The Philadelphia Phillies recently raised close to $500 million in capital from three new investors, according to two people familiar with the deal.

Business - CNBC - November 8

France’s richest family shaking up soccer with planned purchase of second-tier Paris FC

France’s richest family, the Arnaults of luxury empire LVMH, has announced the planned purchase of second-division soccer club Paris FC

Sports - ABC News - October 17

Shark Tank’s Daymond John to Set Black Entrepreneurs Up With $100,000 in Grant Money

Black Entrepreneurs Day will happen in Atlanta this year, with grant applications open through November 1.

Business - Inc. - October 24

NextEra sees strong data center interest in restarting Iowa nuclear plant, CEO says

NextEra is conducting engineering assessments at Duane Arnold and is working with the Nuclear Regulatory Commission.

Business - CNBC - October 23

Here’s How a Startup Landed $10 Million to Put AI Data Centers in Space

The massive banks of computers needed to power artificial intelligence apps require huge amounts of electricity on Earth. Lumen Orbit wants to send them into the heavens instead.

Business - Inc. - October 25

AI boom thrusts Europe between power-hungry data centers and environmental goals

The growth in demand for AI could come at a cost to Europe's decarbonization goals as the specialized chips used by firms like Nvidia are expected to result in a rise in energy use of already ...

Business - CNBC - October 29

Goldman Institute calls for ‘data center diplomacy’ as U.S. competes in global AI race

Goldman Sachs Institute's Jared Cohen says the U.S. will need to outsource its data center capacity, and choose its global partners wisely.

Business - CNBC - October 29

We're hiking our price target on an industrial whose earnings benefit from AI data center boom

Given Eaton stock's year-to-date outperformance, it's not too surprising to see some profit taking on the mixed print.

Business - CNBC - October 31

Talen, Constellation and Vistra tumble after government rejects Amazon nuclear data center agreement

Talen Energy in March sold the data center campus to Amazon for $650 million, which would be powered by the nuclear plant in a first-of-its-kind deal.

Business - CNBC - November 4

Musk’s $1 Million Offer Raises New Legal Questions

Some election lawyers said the giveaway may run into laws that prohibit paying people to register to vote.

Top stories - The New York Times - October 21

Musk Repeatedly Raises the Idea That Harris, or He, Could Be Assassinated

The billionaire and his PAC have used foreboding language about the vice president in their support of former President Donald Trump.

Business - The New York Times - October 28

Some experts raise concerns over Musk and Ramaswamy's government efficiency roles

Donald Trump's announcement that Elon Musk and Vivek Ramaswamy will lead a newly formed Department of Government Efficiency has alarmed some government ethics experts.

Microsoft Earnings Show Quarterly Revenue Is Up 16% to $65.6 Billion

The company’s profit increased 11 percent to $24.7 billion, beating Wall Street’s expectations and its own predictions.

Tech - The New York Times - October 30

From AI to Musk’s Brain Chip, the F.D.A.’s Device Unit Faces Rapid Change

The new director overseeing medical devices will confront criticisms about hasty approvals as she ushers in revolutionary technology.

Business - The New York Times - November 5

Concerns raised over access to UK Biobank data after ‘race scientists’ claims

Expert says any suggestion of Human Diversity Foundation accessing sensitive data could affect public trust in science. Concerns have been raised about access to a scientific trove containing the ...

World - The Guardian - October 25

Elon Musk makes big push to get Trump elected again

Elon Musk, the world's richest man, stepped up his support of former President Donald Trump with new campaign appearances and by giving tens of millions of dollars to help the Trump campaign. NBC ...

Politics - NBC News - October 16

Here's Just How Massive Elon Musk's $75 Million Trump Donation Is

Elon Musk isn't the only Silicon Valley billionaire to line up behind Donald Trump's presidential campaign. See how his donations, which total $75 million, make everyone else look tiny in comparison.

Tech - Wired - October 17

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