AI megaprojects come with hidden costs

AI megaprojects come with hidden costs

While Tesla’s stock has seen a sharp decline in recent weeks, Elon Musk has quietly been working to expand his influence in a different area of tech: AI supercomputing. Recent reports have revealed that Musk’s AI startup, xAI, has been quietly building a new data center in Atlanta. The facility will house around 12,000 Nvidia graphics processing units (GPUs), crucial chips that power AI computation. While the Atlanta data center is modest compar…

Morning Brew Daily — US Stocks Have Shaky Q1

Episode 550: Neal and Toby recap a wild first quarter of markets all around the world. Then, Elon Musk sells X to xAI to create one single entity. Also, Trump pardons some prominent business leaders found guilty of fraud. Plus, the New York Yankees unveil a new hefty bat that looks like a bowling pin, but apparently doesn’t break the rules. Meanwhile, HBO’s ‘The White Lotus’ may be a favorite among many, except for one – as in the #1 seed Duke U…

“Elon Musk Just Declared War on Every AI Company” – Inside xAI’s Game-Changing Acquisition of X - Tech

Elon Musk is making moves again, and this one might be his biggest yet. His AI company, xAI, has acquired X (formerly Twitter) in an all-stock deal that values xAI at $80 billion and X at $33 billion.  This goes beyond a business transaction to a strategic power play that puts Musk ahead of the competition in the AI industry. The Strategy Behind the Deal Musk bought Twitter in 2022 for $44 billion, a price many thought was too high. Now, he’s ef…

As part of a share transaction, the xAI division of Elon Musk has taken over its social media platform X. In doing so, the xAI, which has a market value of $80 billion, swallowed the $33 billion valued X. X's nearly 550 million monthly active users are sure to receive free training data for the Grok language model.

Elon Musk's AI company xAI is taking over Platform X, bringing two of its most ambitious projects under one roof. In addition to the strategic intention to bundle AI development and platform reach, the step could also help cushion the financial challenges of X at least in the medium term.Elon Musk's AI company xAI is taking over Platform X – thus bringing two of its most ambitious projects under one roof.With nearly 548 million users worldwide (…

Musk ties up xAI, X in $45B deal

Elon Musk’s xAI acquired his social media platform X in a $45 billion all-stock transaction, bringing together two of the entrepreneur’s most high-profile technology focused businesses. Musk confirmed the deal in a post on X, which includes $12 billion worth of debt, stating it would enable the combination of “data, models, compute, distribution and talent” from both companies. The deal values the tech mogul’s AI company at $80 billion and X at …