Finance

Elon Musk’s xAI raises $20bn in funding round that doubles valuation

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elon Musk’s xAI said it has raised $20bn in new funding, in an upsized deal that more than doubles its valuation since last spring, despite growing concern over illegal content generated by its artificial intelligence. … Read more

Cryptocurrency

MSCI Keeps Digital Asset Treasury Companies in Indexes

MSCI announced it will keep digital asset treasury companies in its global indexes, citing investor feedback and the need for further study on non-operating firms. Shares in Michael Saylor’s Strategy have risen 5.7% after Morgan Stanley Capital International (MSCI) said it wouldn’t exclude digital asset treasury companies from its market index. In a note published … Read more

TV news

Gavin Newsom Accepts Donald Trump Cognitive Test Challenge

Gavin Newsom has clapbacked hard on Donald Trump in the would-be POTUS and the incumbant POTUS’ first major rumble of the New Year. Translating basically to bring it on, the California governor wasted little time Tuesday morning taking up the 79-year old former Apprentice host on his cognitive test challenge. The throwdown came after Trump … Read more

Tech News

Nvidia leans on DLSS improvements to make up for a lack of GPUs at CES

For the first time in years, Nvidia declined to introduce new GeForce graphics card models at CES. CEO Jensen Huang’s characteristically sprawling and under-rehearsed 90-minute keynote focused almost entirely on the company’s dominant AI business, relegating the company’s gaming-related announcements to a separate video posted later in the evening. Instead, the company focused on software … Read more

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