Xai Raising Billion - QuikReader

Elon Musk's xAI in Talks to Raise Funding Valuing It at $40 Billion

The new fundraising effort would substantially increase startup’s valuation from spring.

Tech - The Wall Street Journal - October 29

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

Elon Musk's artificial intelligence company xAI is raising up to $6 billion at a $50 billion valuation, according to CNBC's David Faber.

Business - CNBC - 4 hours ago

Elon Musk’s xAI in Funding Talks That Could Value Company at $40 Billion

The financing efforts follow that of rival OpenAI, which recently closed a funding round that valued it at $157 billion.

Tech - The New York Times - October 31

Debt rule to change to fund major projects

Government claims the move contrasts with former PM Liz Truss's controversial mini-Budget.

Waymo Raises $5.6 Billion From Outside Investors

Alphabet’s driverless car unit now has vehicles operating in San Francisco, Phoenix and Los Angeles.

Business - The New York Times - October 28

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

French foreign minister says conference for Lebanon raised $1 billion in pledges for humanitarian aid, military support

World - ABC News - October 24

Boeing raises greater-than-expected $21 billion from new stock sales

Boeing said Tuesday that it will raise nearly $21 billion from a public offering of common stock and depositary shares — more than the roughly $19 billion that was initially mooted.

Business - MarketWatch - October 29

MicroStrategy, the largest corporate bitcoin holder, to raise more than $40 billion to buy more bitcoin

The plan is to use the additional capital ‘to buy more bitcoin as a treasury reserve asset,’ the company says.

Business - MarketWatch - October 31

DevRev raises $100.8 million in Series A funding and becomes an AI unicorn at a $1.15 billion valuation

Following its successful Series A funding, DevRev drives forward its mission to revolutionize customer support and product development.

Tech - VentureBeat - November 1

Perplexity AI in final stages of raising $500 million round at $9 billion valuation

Perplexity AI is in the final stages of raising $500 million in funding at a $9 billion valuation, a source familiar with the situation told CNBC.

Business - CNBC - November 5

Cop29 live: solidarity levy on cryptocurrency could raise billions for climate action, says report

Charging $0.045 per kWh for energy used in intensive bitcoin mining could produce $5bn for the climate crisis, says Global Solidarity Levies taskforce. Josh Gabbatiss, from Carbon Brief has ...

World - The Guardian - Yesterday

Trump’s victory will benefit Elon Musk and xAI

Now that Musk helped propel Trump to a victory, expect xAI to join in the list of federally approved AI vendors and possibly even preferred AI vendors.

Tech - VentureBeat - November 6

Musk in funding talks with Middle East investors to value xAI at $45bn

Early discussions include existing backers of artificial intelligence start-up

World - Financial Times - October 31

Valuations at Musk’s SpaceX and xAI set to soar in new deals

Billionaire’s rocket builder plots huge share sale while AI start-up closes in on $5bn funding round

Business - Financial Times - 7 hours ago

Elon Musk’s xAI launches API, letting third-party developers build atop Grok

Attention, developers: you can now get your hands on Elon Musk's Grok 2 multimodal language model through his startup xAI's new API.

Tech - VentureBeat - October 21

Elon Musk’s xAI startup said to eye funding round, valuing the company at this much

xAI is in talks with investors for a funding round, the Wall Street Journal reported.

Business - MarketWatch - October 29

xAI woos developers with $25/month worth of API credits, support for OpenAI, Anthropic SDKs

It doesn't sound like much coming from the world's wealthiest man and multi-billionaire, and it's not really on a per user basis.

Tech - VentureBeat - November 4

IMF raises 2025 growth forecast

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story IMF sounds death knell over inflation, raises 2025 outlook International Monetary ...

Politics - The Hill - October 22

Business and wealthy bear brunt of £40bn tax increases in UK Budget

Markets unsettled by extent of government borrowing as Rachel Reeves boosts spending

Business - Financial Times - October 30

MicroStrategy buys $2 billion in bitcoin in 10 days. Is there $42 billion to go?

Shares of MicroStrategy Inc. entered record territory Monday for the first time in 24 years, as the self-proclaimed largest corporate holder of bitcoin continued to ride the postelection frenzy in ...

Business - MarketWatch - 4 days ago

Billions of levelling-up cash in limbo

Towns and cities call on the Labour government to deliver the funds promised for vital regeneration.

Mass deportation could cost billions

Bankrolling mass deportation would be costly. It would also require a lot more manpower.

ABB Posts Higher Profit, Raises Margin Guidance

The Swiss industrial-technology company’s profit and revenue rose as the electrification business offset weakness in robotics, discrete automation and e-mobility.

Business - The Wall Street Journal - October 17

Netflix raises prices as boost from password crackdown fades

The streaming giant will charge subscribers more in some countries to fuel growth.

Elon Musk's PAC giveaway raises legal concerns

Elon Musk is giving away big bucks to random voters who sign a petition from his political action committee. But there's a catch — and it's raising concerns about possible campaign finance ...

Celtics raise banner 18 as franchise greats look on

It took 16 years, but the Celtics officially raised banner 18 to the TD Garden rafters Tuesday night, as franchise legends and a sellout crowd looked on.

Sports - ESPN - October 22

A Trump victory would end ‘normal’ politics between UK and US

Keir Starmer defends Labour activists helping Kamala Harris but if former US president wins, such activity could become diplomatic liability

Business - Financial Times - October 23

Heathrow says resumed dividends ‘probable’ as it raises forecasts

Airport’s peak summer season boosted by passengers transiting to Paris for Olympics