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.
Funding
OCBC Bank to Bolster Corporate Banking with Expanded Software Engineering Team in Shenzhen
OCBC Bank plans to hire 300 highly skilled engineers in China over the next three years to strengthen its corporate banking business, expanding its Shenzhen office where it currently has over 260
NASA Awards Over $10 Million to 7 Companies for Mars Sample Return Mission Studies
NASA has awarded seven companies a $1.5 million contract each to develop plans and strategies for the restored Mars Sample Return mission.
Ex-Tesla Board Member Criticizes Increase in Elon Musk's Salary
Former Tesla board member and clean technology venture capitalist Steve Westly said that he is siding with current board members plotting a coup against the move to increase Elon Musk’s pay package to $56 billion.
JPMorgan to Expand Use of AI Tool 'Moneyball' to Enhance Investment Decisions
JPMorgan will expand the use of its generative AI tool "Moneyball" later this year to help portfolio managers make better investment decisions and avoid mistakes.
Latest News
China launched the third phase of its ‘Big Fund’ program supporting local semiconductor manufacturers with an estimated value of $47.5 billion.
Hong Kong-listed shares of Alibaba dropped more than 5% on Thursday after news broke that the Chinese e-commerce giant was considering issuing convertible notes to get $5 billion.
Melinda French Gates revealed that she left the Gates Foundation to focus on empowering women leaders and combating tech's male-dominated culture, drawing from her four decades of experience at Microsoft and Pivotal Ventures.
Pfizer has announced a multi-year cost-cutting program focusing on operational efficiencies, network structure changes, and product portfolio enhancements, aiming to save $1.5 billion by 2027 amidst declining COVID-19 vaccine sales.
China will invest billions in the Cyberspace Administration's language model, based on Xi Jinping's ideology. They boast that it is more "secured and reliable" as ChatGPT remains inaccessible in China.
Peloton Interactive Inc. will reportedly undertake a "global refinancing" to resolve its debt and recover from a recent sales dip.
Princess Kate's major involvement in the Royal Foundation Business Taskforce for Early Childhood's recent report urging British businesses to invest in early childhood did not indicate a return to public duties and engagements after her cancer diagnosis, Kensington Palace said.
The Supreme Court has upheld the Consumer Financial Protection Bureau (CFPB) 's funding mechanism despite a challenge from conservative groups, ruling 7-2 in favor of the agency's funding structure.
The OpenAI Startup Fund has successfully raised an additional $5 million. The OpenAI Startup Fund has successfully raised an additional $5 million, according to a filing with the US Securities and Exchange Commission (SEC).
