Tech

Musk’s xAI merges with X, valued at $33 billion

Elon Musk’s xAI merges with X, valuing the social media site at $33 billion and AI company at $80 billion.

Published

10 months ago

March 30, 2025

Ahron Young

Elon Musk’s xAI merges with X, valuing the social media site at $33 billion and AI company at $80 billion.

In Short

Elon Musk’s startup xAI has merged with his social media platform X in an $80 billion deal to enhance their capabilities.

The merger aims to combine xAI’s technology with X’s reach, with plans for a supercomputer in Memphis and existing AI products like the Grok chatbot.

Elon Musk announced that his startup xAI has merged with X, the social media platform he controls, in an all-stock deal that values xAI at $80 billion and X at $33 billion.

Musk stated that the merger aims to combine resources from both companies to enhance their capabilities. He believes this will unlock significant potential by integrating xAI’s advanced technology with X’s broad reach.

The transaction is likely a stock swap since both companies are privately held and controlled by Musk. Investors in X will receive shares in xAI. Both companies share several mutual investors, including Andreessen Horowitz, Sequoia Capital, Fidelity Management, Vy Capital, and Saudi Arabia’s Kingdom Holding Co.

High competition

Musk’s foray into AI began with the establishment of xAI about two years ago, aimed at understanding the universe. xAI has been working to compete with prominent AI companies like OpenAI, a venture Musk co-founded but later distanced himself from due to disagreements.

xAI has developed AI products and aims to enhance its offerings with the merger. The companies are already connected, with xAI’s Grok chatbot available on the X app. xAI also plans to build a supercomputer in Memphis to enhance its AI capabilities, despite concerns from local advocacy groups over the project’s environmental impact.

Musk is also engaged in political activities, having contributed significantly to Donald Trump’s campaign while overseeing a department aimed at reducing government expenditure. This merger follows a previous acquisition strategy he employed with Tesla when it acquired SolarCity in 2016.

Tech

Apple’s AI wearable push: Cameras, speakers and a 2027 vision

Apple is developing an AI-powered wearable device, aiming for a launch of 20 million units in the growing AI market.

Published

13 hours ago

January 22, 2026

Harvey Vargas

Apple is developing an AI-powered wearable device, aiming for a launch of 20 million units in the growing AI market.

Apple is reportedly developing an AI-powered wearable device equipped with cameras and speakers, signalling its next major move into artificial intelligence-driven hardware.

While still in early development, the company is said to be planning a launch scale of up to 20 million units.

This move places Apple squarely into the fast-growing AI wearable market, where tech giants are racing to define what hands-free, AI-first devices will look like. Rather than rushing to market, Apple appears to be taking a measured approach by embedding AI capabilities into its existing ecosystem.

Reports suggest Apple is also experimenting with camera-equipped AirPods and smart glasses, with a potential launch timeline around 2027. If successful, these devices could reshape how users interact with AI in everyday life.

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#Apple #AIWearables #AppleAI #TechNews #SmartGlasses #AirPods #FutureTech #Ticker

Tech

AI spending in 2026: Why investment is compounding, not just cyclical

As 2026 begins, AI investment debates rise; real revenue growth signals pivotal changes for tech adoption and future trends.

Published

1 day ago

January 21, 2026

Harvey Vargas

As 2026 begins, AI investment debates rise; real revenue growth signals pivotal changes for tech adoption and future trends.

As we kick off 2026, the debate around AI spending is heating up. Skeptics warn of cyclical hype, but new evidence suggests that AI investment is delivering real revenue and gaining traction across enterprises. Brad Gastwirth from Circular Technologies breaks down why this year could be pivotal for AI adoption.

We dive into how AI spending today compares to previous tech booms, the impact of circular funding models, and why enterprise and sovereign demand are driving durable growth. Brad explains the compounding effect of AI investment and what it means for future technological development.

Finally, we explore the race toward AGI and ASI and the broader implications for the tech landscape. From skeptics to believers, understanding these trends is key for investors, businesses, and tech enthusiasts alike.

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#AIInvestment #TechTrends2026 #ArtificialIntelligence #EnterpriseAI #FutureTech #AGI #TechBoom #CircularFunding

Tech

TSMC posts record profits on AI chip boom

TSMC posts record Q4 profit, driven by strong chip demand, exceeding predictions and signaling market dominance.

Published

7 days ago

January 16, 2026

Harvey Vargas

TSMC posts record Q4 profit, driven by strong chip demand, exceeding predictions and signaling market dominance.

Taiwan Semiconductor Manufacturing Company (TSMC) has posted a record net profit for the fourth quarter, driven by strong demand for advanced chips.

Net profit surged 35% year-on-year, exceeding analyst expectations and signalling a dominant position in the semiconductor market.

Quarterly revenue also rose 20.5% compared to last year, supported by robust sales in AI and high-performance computing segments. The company’s success reflects the growing global appetite for cutting-edge semiconductor technology.

Looking ahead, TSMC plans to ramp up capital expenditure, projecting investments of up to $56 billion in 2026. The positive results have sparked an upbeat reaction across global markets, highlighting TSMC’s influence in the tech sector.

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#TSMC #Semiconductors #AIChips #TechNews #HighPerformanceComputing #StockMarket #QuarterlyEarnings #TechInvesting