Musk’s xAI Raises a Staggering $20 Billion for AI Buildout
Elon Musk’s xAI has secured a massive $20 billion in new funding. The capital will supercharge its AI infrastructure buildout and the development of its Grok models.
Elon Musk’s xAI has secured a massive $20 billion in new funding. The capital will supercharge its AI infrastructure buildout and the development of its Grok models.
Elon Musk’s artificial intelligence company, xAI, has secured a massive $20 billion in new funding. The round exceeded its goal and includes big-name investors like Fidelity and Nvidia. This gives Musk serious firepower to develop his Grok chatbot against competitors like OpenAI’s ChatGPT.
Consulting giant Accenture is moving to acquire Faculty, a UK-based AI company. The deal aims to significantly expand Accenture’s ability to deploy advanced AI solutions for its global clients.
Nvidia CEO Jensen Huang says he isn’t worried about a potential California tax targeting billionaires. The proposed 5% levy on assets over $1 billion would apply retroactively to residents as of January 1, 2026.
Internet provider Brightspeed is investigating claims by the Crimson Collective that they stole data on over a million customers. The criminals have listed the dataset for sale for three bitcoin, roughly $276,370, and threaten to dump it publicly.
Apple has released a test security update, “iOS 26.3 (a),” for beta users. It doesn’t contain any actual fixes but is a trial run for a new, more seamless update system. This could change how security patches are delivered to all iPhones in the future.
Razer is making a massive, $600 million bet that AI is the next frontier for gaming. The company plans to launch new hardware and an open-source AI developer kit, aiming to convince its massive user base that AI is more than just a buzzword.
Walmart is rolling out an AI advertising assistant powered by its “Marty” agent to all Sponsored Search advertisers later this half. The move comes as its retail media business, a major profit driver, grew 33% year-over-year last quarter. But what does this actually mean for the ad world?