Elon Musk's AI startup xAI has successfully secured $6 billion in series B funding, propelling its post-money valuation to an impressive $24 billion.
Deals
Boeing Clinches $7.5 Billion Deal to Develop 'Smart' Bombs for US Military
Boeing has secured a $7.5 billion contract from the US government to convert unguided bombs into Joint Direct Attack Munitions (JDAMs).
Queen's Music Catalog To Be Purchased by Sony; Electronics Giant In Talks With Investor To Make Billion-Dollar Acquisition
Sony wants to purchase Queen's music catalog. The electronics giant is willing to pay $1 billion to acquire it.
Anglo American Turns Down BHP’s $49 Billion Takeover Extension Request
Anglo American's rejection of BHP Group's bid to extend discussions on a proposed $49 billion takeover suggests a potential impasse as the deadline nears, impacting the mining industry and leaving the outcome uncertain.
Adam Neumann Withdraws $500 Million Offer to Buy Back WeWork
WeWork founder Adam Neumann has withdrawn his multi-million dollar offer to buy back the bankrupt firm.
Latest News
Saudi Arabia might be selling Aramco shares for $10 billion as early as June. A picture taken on September 15, 2019 shows an Aramco oil facility near al-Khurj area, just south of the Saudi capital Riyadh.
China Evergrande New Energy Vehicle Group's stock price doubled when trading restarted on Monday, May 27.
Walmart has ended its partnership with Capital One, the issuer of its consumer credit cards, following a legal dispute over service delays, with existing cardholders unaffected and a search for a new banking partner underway.
DuPont announced that it was splitting itself into three companies in the span of 18 to 24 months, with its electronics and water businesses becoming its own separate entity.
Former GOP presidential candidate Vivek Ramaswamy, a potential Trump running mate, acquired a 7.7% stake in BuzzFeed, causing the company's shares to surge by 20%.
NewsCorp and OpenAI have signed an agreement allowing the tech startup to access the content from the media conglomerate’s news sites.
The 10-year Japanese Government Bond (JGB) rose to its highest level in 11 years since a similar rating was recorded back in 2013.
Elon Musk recently arrived in Bali to inaugurate the Starlink satellite internet service, aiming to provide reliable internet access to Indonesia's remote areas.
OpenAI's partnership with Reddit allows access to real-time content, enhancing ChatGPT and future products with platform discussions.
