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Elon Musk rammed through the combination of his space company, SpaceX, with his AI startup, xAI, on Monday, merging the shiniest jewel in his business empire with his most money-losing firm. The deal—which valued xAI at $250 billion and SpaceX at $1 trillion, according to people familiar with the situation—comes as xAI battles to catch up to rivals such as OpenAI, Google and Anthropic.
The deal shows how quickly the world’s richest man is moving to gain a fundraising advantage in the expensive AI race. On.
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Meta Platforms hired the creators of Moltbook, a social network designed for AI agents, Matt Schlicht and Ben Parr, who will join its AI division, Meta Superintelligence Labs (MSL), the company said. Meta also bought Moltbook itself. Meta said it hopes the integration of the Moltbook team into ... Read more ›
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Microsoft appears to be betting that its tried-and-true subscription pricing model for software is here to stay, even in the era of AI agents that run 24/7, and that customers will be OK with ever-higher prices.Microsoft on Monday announced a new AI subscription bundle that combines Office 365 and with 365 Copilot, a suite of AI tools for automating tasks in Office apps, for business customers for the first time.... Read more ›
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Salesforce plans to sell between $20 billion and $25 billion in bonds as soon as this week, to help fund its recently-announced $50 billion stock buyback, Bloomberg reported. The bond offering, coming as Amazon was also in the market trying to raise twice as much, shows how a flood of tech ... Read more ›
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Oracle shares rose 8% in after-hours trading Tuesday after the firm raised its projected revenue for the fiscal year that starts in June by about 8% to $90 billion. The disclosure, which Oracle made as part of its quarterly earnings report, may allay some concerns about the enterprise firm’s ... Read more ›
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Microsoft on Tuesday backed Anthropic’s federal court request to temporarily block the Pentagon from cutting business ties with the AI firm, arguing that the Pentagon’s action could harm Microsoft’s business and the broader tech sector. In a filing Tuesday, Microsoft told a federal judge it ... Read more ›
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17.03.2026 10:50
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