Elon Musk's xAI has agreed to acquire OpenAI for $97.4 billion, following a previous bid that was rejected. The deal is seen as part of Musk's efforts to consolidate leadership and management at his companies. xAI recently raised $10 billion in funding, valuing the company at $75 billion, and has been expanding its data centre capacity to train advanced models. The acquisition could further integrate xAI products with the X platform, providing a real-time feed of user data. Musk's influence on Twitter has led to brands returning to the platform, while investors are profiting from the sale of debt extended to Musk by seven banks that financed his purchase of Twitter.
https://www.thenews.com.pk/latest/1296394-elon-musks-xai-buys-social-media-platform-xElon Musk's xAI has acquired Twitter for $33 billion, combining its data, models, compute, distribution, and talent with the social media platform. The all-stock deal consolidates two of Musk's portfolio companies, including Tesla and SpaceX, potentially easing his ability to train his AI model Grok.
https://www.scmp.com/news/world/united-states-canada/article/3304386/elon-musks-xai-buys-social-media-platform-x-us45-billion?module=top_story&pgtype=sectionElon Musk's xAI startup has been collaborating closely with Grok, a key component of its AI technology, without seeking investor approval. The company recently raised $10 billion in funding, valuing it at $75 billion, and competes with Microsoft-backed OpenAI and Chinese startup DeepSeek. Musk made a $97.4 billion bid for OpenAI but was rejected; he has since sued to prevent the company from converting to a for-profit business. xAI is ramping up its data center capacity to train more advanced models, including its supercomputer cluster "Colossus" in Memphis, Tennessee. The company's latest chatbot iteration, Grok-3, was introduced in February and may be distributed through the X platform, providing real-time user data.
https://channelnewsasia.com/business/musks-social-media-firm-x-bought-his-ai-company-valued-33-billion-5031611Elon Musk's xAI startup has been ramping up its data center capacity to train more advanced models, with its supercomputer cluster in Memphis, Tennessee, called "Colossus," touted as the largest in the world. The company recently introduced Grok-3, a chatbot iteration that competes with Chinese AI firm DeepSeek and Microsoft-backed OpenAI. Musk's xAI has been valued at $75 billion after raising $10 billion in funding, and its integration with Grok.OPENAI will drive deeper integration with the platform. Musk had previously made a $97.4 billion bid for OpenAI but was rejected, leading to a lawsuit against the company by Musk.
https://channelnewsasia.com/business/musks-xai-buys-musks-x-social-media-platform-33-billion-5031611The opening ceremony of the event brought together renowned scientists from around the world, including Nobel laureates and members of China's Academy of Sciences and Academy of Engineering, as well as prominent guests from international organizations, universities, research institutes, technology transfer agencies, and tech companies. The participants discussed opportunities and challenges in the new global landscape of technology transfer and envisioned a future for integrating technologies on a global scale. New cooperation agreements were signed, and results were published, demonstrating the vitality of the global ecosystem of technology trade. The lists of 100 new technologies and products, 100 innovative projects in international technological transactions, and the Beijing Smart Service Platform for the Transformation of Scientific and Technological Achievements were also unveiled. Eleven cooperation agreements were signed on various projects, covering cutting-edge fields such as healthcare, artificial intelligence, and new materials.
https://www.prnewswire.com/news-releases/la-zgc-international-technology-trade-fair-ouvre-a-beijing-302414644.htmlAssociate Professor Mario Lanza's team at NUS has developed a scalable, energy-efficient solution for artificial neural networks (ANNs) by replicating the brain's efficiency using standard silicon transistors. They created a two-transistor cell called Neuro-Synaptic Random Access Memory (NS-RAM), which can operate in both neuron and synaptic modes, reducing power consumption and increasing scalability. This breakthrough uses commercial CMOS technology, making it compatible with existing semiconductor fabrication processes, and paves the way for simpler, more efficient AI chip designs that can be integrated into current manufacturing practices.
https://opengovasia.com/2025/03/29/mimicking-the-brain-nus-pioneers-ai-chip-breakthrough/OpenAI expects its revenue to triple to $12.7 billion this year, driven by the success of its AI models. The company is also in early talks for a potential funding round valued at $18 billion. Meanwhile, Grab has sought up to $2 billion in loans for a potential takeover of GoTo, while AI startup Perplexity confirms interest to buy TikTok. BT Luxe has not been mentioned in the provided context.
https://www.businesstimes.com.sg/startups-tech/startups/ceva-sante-animale-nears-fundraising-9-billion-euro-valueScale AI, a California-based startup founded in 2016, is being investigated by the US Department of Labor over compliance with the Fair Labor Standards Act. The company, valued at nearly $14 billion after a funding round last year, has backing from tech giants Nvidia, Amazon, and Meta. Scale AI provides labeled data crucial for training sophisticated tools like OpenAI's ChatGPT.
https://channelnewsasia.com/business/scale-ai-seeking-valuation-high-25-billion-potential-tender-offer-business-insider-reports-5031661Trade Desk Inc., a leading advertising services provider, has been accused of secretly collecting consumer data without consent. Doug Michie and Justin Dyer have filed a proposed class action lawsuit against the company, alleging that it created permanent ID numbers for consumers, monitored their online activities through devices such as phones, computers, and TVs, and collected real-world location and shopping information. The plaintiffs claim this violates their privacy rights.
https://news.bloomberglaw.com/ip-law/online-media-buyer-trade-desk-sued-over-consumer-data-collection