Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
Australia Enforces World-First Social Media Age Limit as Global Regulation Looms 
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
SoftBank Eyes Switch Inc as It Pushes Deeper Into AI Data Center Expansion 
Trump’s Approval of AI Chip Sales to China Triggers Bipartisan National Security Concerns 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
IBM Nears $11 Billion Deal to Acquire Confluent in Major AI and Data Push 
U.S.-EU Tensions Rise After $140 Million Fine on Elon Musk’s X Platform 
Trump Signs Executive Order to Establish National AI Regulation Standard 
Air Transat Reaches Tentative Agreement With Pilots, Avoids Strike and Restores Normal Operations 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
Elon Musk’s artificial intelligence venture, xAI, has secured $10 billion in funding to fuel its rapid growth in the competitive AI sector, according to Morgan Stanley. The funding consists of $5 billion from secured notes and term loans, and another $5 billion from a strategic equity investment.
The capital will support key initiatives including the development of xAI’s Grok AI model and the construction of one of the world’s largest data centers. The Memphis-based supercomputer, which xAI claims is the world’s most powerful, became operational in December 2024 and is central to the company’s AI ambitions.
Founded by Musk in early 2023, xAI merged with the social media platform X in March 2025. Grok, xAI’s flagship large language model, is tightly integrated into X and powers many of the platform’s AI-driven features. Musk has hinted that Grok 4, the next-generation version, will be released shortly after July 4.
Recent reports indicate that xAI is also in discussions to raise an additional $20 billion in equity funding, potentially valuing the company at over $120 billion. This aggressive capital strategy underscores Musk’s intention to position xAI as a dominant force in the global AI race, challenging competitors like OpenAI, Anthropic, and Google DeepMind.
With massive funding, strategic integration into X, and infrastructure like the Memphis supercomputer, xAI is rapidly scaling to become a key player in AI innovation. As the industry heats up, Musk’s dual focus on proprietary models and vertical integration may prove to be a game-changer in shaping the future of artificial intelligence.
