Elon Musk’s xAI Holdings is poised to make an enormous leap in the artificial intelligence landscape, actively engaging with investors to secure approximately $20 billion in funding. This substantial capital injection could push the company’s valuation to an astounding $120 billion. Such figures are not merely numbers; they represent Musk’s vision of assigning “proper value”
Enterprise
In a groundbreaking move in the world of autonomous driving, Chinese start-up Pony.ai has announced its partnership with Tencent Cloud, a subsidiary of the tech behemoth Tencent. This exciting alliance is set to transform how we perceive urban transportation by integrating Pony.ai’s cutting-edge robotaxi technology with Tencent’s ubiquitous WeChat platform. With such a strategic collaboration,
SK Hynix has once again made waves in the semiconductor industry, unveiling impressive financial results that surpassed expectations. In the first quarter, the South Korean giant reported a staggering revenue of 17.64 trillion won (approximately $12.36 billion), exceeding the anticipations of financial analysts who estimated a revenue of only 17.26 trillion won. Operating profits also
Elon Musk’s vision for Tesla has always pushed the boundaries of possibility, but recent trade restrictions imposed by China have thrown a wrench in the works. During a recent earnings call, Musk revealed that new export controls on rare earth magnets—critical components for the development of Tesla’s Optimus humanoid robots—are beginning to reshape his company’s
In a recent earnings call, Elon Musk expressed his ambivalence towards high and unpredictable tariffs, stating that the ultimate decision regarding these levies lies with the President of the United States. Musk’s acknowledgment of the unpredictable tariff environment reflects his acute awareness of the economic repercussions that such policies can impose on businesses, particularly in
Tesla, the poster child of the electric vehicle (EV) revolution, has hit a rough patch, with its stock plunging nearly 6% in a single day just before its first quarter earnings report. The shares ended at $227.50, lingering dangerously close to their yearly low and representing a staggering 44% decline for the year—a stark contrast
When Shreya Murthy and Joy Tao embarked on their entrepreneurial journey in 2020, the original mission was staunchly optimistic: to create a platform that would bring people together in the flesh. Ironically, this ambition collided head-on with the unprecedented social distancing measures of the COVID-19 pandemic. Yet, if anything, this paradox fueled their ingenuity. Partiful,
Nestled within the discreet confines of Santa Barbara, California, a remarkable venture is unfolding. Alphabet, the parent company of Google, has embarked on a groundbreaking mission: to cultivate the world’s most sophisticated quantum computers. This initiative is not just another innovation; it represents a pivotal shift in how technology can redefine possible applications of artificial
The legal battle between the New Jersey Attorney General and Discord shines a spotlight on the ever-complicated intersection of social media, child safety, and consumer protection. Attorney General Matthew Platkin has accused the popular messaging platform of deceiving both parents and children regarding its safety features. The lawsuit, presented in the New Jersey Superior Court,
ASML, a leading name in the semiconductor equipment industry, has recently reported net bookings that fell short of market expectations, signaling potential challenges for the company moving forward. In the first quarter of 2025, ASML recorded net bookings of 3.94 billion euros ($4.47 billion), significantly below the anticipated 4.89 billion euros. This disappointing figure raises