Elon Musk took to social media to deny a report claiming that his AI startup, xAI, has secured $500 million in commitments from investors.
Funding
British Weapons Manufacturer BAE Systems Record High Profits Amid War in Ukraine and Gaza
BAE systems saw a spike in their profits in 2023 alone, amounting to $27.3 billion as a weapons manufacturer amid war in Ukraine and Gaza.
Joe Biden Is Cutting 18% of Pentagon's F-35 Jet Order in 2025 Budget Request: Report
President Joe Biden reportedly wants to cut the number of F-35 jets the Pentagon will buy next year.
EU Seals Massive $54 Billion Aid Deal for Ukraine After Hungary Gave In
The leaders of the 27 European Union (EU) countries agreed on Thursday to give Ukraine a new $54 billion aid package after Hungary gave in not to veto the move.
Planet A Foods Raises $15.4 Million Funding to Expand Global Presence of Its Cocoa-Free Chocolate Brand
Planet A Foods has raised $15.4 million in Series A funding to expand the global presence of its cocoa-free chocolate brand.
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ValueAct and Blackwells back Disney in boardroom battle against activist Trian Fund Management's challenge.
The Israeli government has approved to give Intel a $3.2 billion grant for its upcoming $25 billion chip plant in southern Israel.
Sam Altman Receives $75 Million From the University of Michigan for New Venture Capital Fund: Report
OpenAI CEO Sam Altman has reportedly secured a $75 million investment for his venture capital firm, Hydrazine Capital, from the University of Michigan.
Revolutionizing Diversification: How Exchange Fund Brokerages May Shape the Future of Tech Investing
Exchange fund brokerages, a niche concept in the investment landscape, have steadily gained traction among tech investors. These brokerages help investors diversify their portfolios without facing undue tax consequences. They make risk management a lot less painful for the many venture capitalists, tech investors, and employees who hold concentrated positions.
Giants like Facebook and YouTube have long dominated the social media landscape, while its content creators face increasing challenges, including limited monetization opportunities, censored content, and arbitrary rule enforcement. Philip Simpkins, Founder and CEO of Arro Social, has created a blockchain-based social media that will empower content creators with ownership of their content on a value-based platform.
Elon Musk's artificial intelligence startup X.AI reportedly seeks to raise up to $1 billion in funding from equity investors.
Military spending within the European Union (EU) reached a historic high of €240 billion ($261.8 billion) in 2022, marking a 6% increase from the previous year.
Elon Musk's Neuralink, a company focused on developing brain implant technology, has secured an additional $43 million in funding.
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