Pound Sterling struggles despite higher-than-expected inflation in the UK
The British pound (GBP) struggled against other major currencies on Wednesday following a report from the Office for National Statistics (ONS) that showed inflation climbed more than anticipated in December. The annual inflation rate in Britain reached 3.4%, surpassing the expected 3.3% and the 3.2% from November. Month-on-month, the Consumer Price Index (CPI) rose by […]
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 […]