Abril Elfi
Musk Sells X To Own Company, xAI, In $33B All-Stock Deal
Elon Musk has announced that he sold social media platform X to his xAI artificial intelligence company in a $33 billion all-stock deal.
alameda research
FTX Says Some Crypto Customers Could Get Their Money Back, But No Gains From Price Increases
If a judge accepts the company’s bankruptcy plan, certain customers of the defunct cryptocurrency exchange FTX may be entitled to receive the full amount of money they lost.
AI
Reddit shares soar 38% in market debut
Reddit’s shares jumped in their debut, signaling that investor appetite for IPOs of promising yet loss-making companies could be returning.
$600 billion
What happens to Musk’s Tesla pay after $56 billion package thrown out? It is complicated
The Tesla chief executive and a board seen as captive to him must find a way to negotiate a replacement contract.
BYD
Tesla set to erase $70 billion in valuation after Musk’s sales warning
Tesla tumbled nearly 11% on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts.
AI Speech Classifier
Voice AI startup ElevenLabs gains unicorn status after latest fundraising -source
AI startup ElevenLabs gained unicorn status as surging investor interest for generative AI technology sends startup valuations soaring.
$13 billion
Hewlett Packard Enterprise nears $13 billion deal to buy Juniper Networks – source
HP is in talks to buy Juniper Networks in a deal valuing the network gear maker at about $13 billion.
$86 billion valuation
Microsoft emerges as big winner from OpenAI turmoil with Altman on board
Microsoft emerged on Monday as the big winner of the upheaval at OpenAI, hiring ousted CEO Sam Altman and other key staff of the startup.
$90 Billion
ChatGPT maker OpenAI ousts CEO Sam Altman
The board of the company behind ChatGPT fired CEO Sam Altman, sending shock waves across the tech industry.
Amnon Shashua
Exclusive: Geely’s Zeekr edges closer to US IPO, to make filing public this week – sources
Zeekr will this week publicly release some details of its plans to list shares in New York.