Elon Musk said on Monday that SpaceX has acquired his artificial intelligence group xAI, tying together two of his most ambitious ventures as he seeks to build increasingly powerful AI systems backed by vast computing infrastructure. Financial terms were not disclosed, but the combined entities are valued at just over $1 trillion based on recent
French authorities have stepped up scrutiny of Elon Musk’s social media platform X after police raided its Paris offices and prosecutors broadened a long-running criminal investigation. What began as a probe into alleged algorithm abuse and data practices has now expanded to include complaints linked to the platform’s artificial intelligence chatbot, Grok, as well as
Europe’s markets and politics struck a cautious tone on Tuesday as investors and policymakers grappled with rising uncertainty. The FTSE 100 slipped from record highs as heavyweight stocks fell and traders positioned ahead of a crucial Bank of England rate decision. In France, authorities escalated scrutiny of X, raiding its Paris offices in a widening
Elon Musk’s decision to have SpaceX acquire artificial intelligence startup xAI has sent ripples across global financial markets, reviving long-standing speculation about whether his sprawling corporate empire could eventually be consolidated into a single technology conglomerate. The acquisition, announced earlier this week, already comes amid reports that SpaceX is pursuing an initial public offering valued
Apollo Global Management is close to finalising a roughly $3.4 billion loan to an investment vehicle that plans to purchase Nvidia chips and lease them to Elon Musk-led artificial intelligence company xAI, according to a report by The Information citing a person familiar with the matter. The deal could be completed as soon as this
Tesla stock rose about 2.5% on Monday, extending a rebound that began late last week, as investors responded to fresh updates on the company’s commercial truck program and renewable energy ambitions. The move followed a 3.5% gain on Friday, which provided some relief after a difficult stretch for the stock. Entering Friday’s session, Tesla shares
At current levels, gold reflects both fear-driven flows and structural repricing with a move towards $6,000 looks realistic in the near future, says B2PRIME Group’s Eugenia Mykuliak. Invezz spoke with Mykuliak, founder and executive director of B2PRIME Group, a global financial services provider for institutional and professional clients, in an exclusive interview to discuss price
Bitget, the world’s largest Universal Exchange (UEX), announced the launch of zero maker fees and ultra-low taker fees for its stock perpetuals and precious metal perpetuals, effective from February 10 through April 30, 2026. The move positions Bitget as the lowest-cost venue in the market while offering one of the broadest selections of stock and
US stock index futures were little changed on Tuesday morning after the Dow Jones Industrial Average set another all-time high in the previous session, as investors balanced recent market momentum against a busy week of economic data and corporate earnings. Dow futures rose 11 points, or about 0.02%. S&P 500 futures gained 0.013%, while Nasdaq
If the scale of Big Tech’s AI spending plans for 2026 was not striking enough, Alphabet’s reported move to issue a rare 100-year bond has added a new dimension to the debate over how far tech giants are willing to go to finance the AI boom. Alphabet Inc. is preparing to sell a rare 100-year