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Elon Musk · United StatesSpaceX has acquired xAI, the company announced on Monday, merging two of Elon Musk’s most ambitious companies. “This marks not just the next chapter, but the next book in SpaceX and xAI’s mission,” a statement on SpaceX’s website said. The merger could be seen as an indication of the cash xAI needs to compete in the fast-growing field of AI, as well as the technology’s importance in future of space exploration.See the Story
Elon Musk’s SpaceX to Acquire xAI, Creating World’s Most Valuable Private Company
54% Center coverage: 170 sources
Gold · United StatesGold and silver prices have continued to fall after a dramatic reversal of a rally that had pushed precious metals to record highs. In Asia trade on Monday, spot gold prices fell more than 9% to $4,403 (£3,222) an ounce, while silver slumped by 15% to less than $72 an ounce.See the Story
Gold, Silver Extend Declines After Dramatic Reversal of Rally
Coverage: 51 sources
Mergers & Acquisitions · United KingdomTelefonica outlined plans to create a London-based office, a move it stated reflects the importance of its UK operations and a growing commitment to the European market. The operator stated the office would be overseen by group COO Emilio Gayo and headed by Mario Martin, an executive with more 30 years’ experience within the Telefonica group. Martin worked as CEO of infrastructure subsidiary Telxius for the past eight years. The London office is…See the Story
Telefonica deepens UK presence with London office
Coverage: 2 sources
