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Share link:In this post: xAI raised $10 billion split evenly between debt and equity, according to Morgan Stanley. The funding will go toward building infrastructure and scaling the Grok AI chatbot. Musk said xAI has already installed 200,000 GPUs and plans a 1 million-GPU facility near Memphis.
Share link:In this post: The total altcoin market cap fell below $1.30 trillion on July 1 as geopolitical and US political tensions weighed on crypto. Key analysts warn of deeper declines as altcoins underperform Bitcoin, with technical charts showing rejection from major moving averages. Elon Musk and Donald Trump reignite their public feud over a major spending bill, adding further volatility to the 2025 crypto market landscape.
Share link:In this post: Google is arguing that the Digital Markets Act hampers innovation. In its current state, the tech giant says businesses and consumers in Europe stand to suffer. The EU has remained resolute that its rules are necessary and will benefit consumers.