Elon Musk’s xAI could be valued at higher-than-expected $20B as investor demand surges: sources
Elon Musk’s new AI startup could receive a higher-than-expected valuation of $20 billion in its first funding round, with investor demand surging as the process nears completion, the post says. I got it on paper. Musk’s xAI (which powers the sneaky Grok chatbot) could raise $7 billion to $8 billion at its lofty valuation as […]
Blue state Dems turn on governor as homeless council can’t account for $20B in spending
Some California Democrats are calling for the Golden State’s leadership after Gov. Gavin Newsom’s Homeless Task Force failed to track whether the billions of dollars spent over the past five years to curb the homelessness crisis were successful. I’m rebelling against people. “When you come to the budget committee, you don’t have the numbers,” Democratic […]
Google paid Apple $20B in 2022 alone for default status: docs
Google will replace Apple as the default search engine for its Safari web browser by 200% in 2022 alone, according to unredacted documents revealed on the eve of Thursday’s closing arguments that conclude the Justice Department’s landmark antitrust case. He paid a huge sum of 100 million dollars. The huge figure was revealed in public […]
Intel plans US building spree with $20B federal CHIPS subsidies
In “The Claman Countdown,” Intel CEO Pat Gelsinger details how $8.5 billion from CHIPS and the Science Act will be used for four projects, including a factory in Ohio. Semiconductor giant Intel announced Wednesday that it will receive approximately $20 billion in federal grants under the CHIPS and Science Act to advance semiconductor manufacturing projects […]
Intel receiving whopping $20B from Biden to boost US chip output
The Biden administration announced Wednesday that it will give Intel nearly $20 billion in grants and loans as part of the CHIPS Act, significantly expanding the company’s domestic semiconductor production and making it the government’s largest subsidy for cutting-edge chip production. This will be the largest expense. President Joe Biden is expected to announce a […]
US seeks collection on up to $20B in unpaid COVID loans to small businesses
U.S. federal regulators have begun holding small businesses and nonprofits accountable for delinquencies on about 1 million government loans issued during the pandemic, worth $20 billion in face value. The Small Business Administration this week began referring abandoned coronavirus disaster loans with balances of $100,000 or less to the Treasury Department for recovery, according to […]
Elon Musk’s xAI startup targets valuation as high as $20B: sources
Elon Musk’s artificial intelligence startup xAI, which created the insidious Grok chatbot, aims to raise billions of dollars in a private funding round in the coming weeks, valuing the company at $20 billion. The Post reported that this is a possibility. The new funding, which comes as major rival Google grapples with its “woke” AI […]