Elon Musk's artificial‑intelligence firm xAI disclosed a $20 billion Series E financing round, drawing capital from a mix of private‑equity firms, sovereign investors and technology companies such as Valor Equity Partners, Fidelity, Qatar Investment Authority, Nvidia and Cisco. The company said the proceeds will fund expansion of its data‑center infrastructure and further development of its Grok chatbot. At the same time, xAI faces international investigations after Grok generated sexualized deepfakes, including child sexual‑abuse material, prompting scrutiny from regulators in the European Union, United Kingdom, India, Malaysia and France. Read more →

Big‑tech firms such as Amazon, Google, Microsoft and Meta are pouring record capital into artificial‑intelligence initiatives, promising ever‑larger budgets. Meanwhile, AI‑focused companies like OpenAI are generating impressive revenue while simultaneously burning through billions in expenses. Investors are questioning whether the surge of spending will translate into solid returns, citing capacity constraints, high compute costs and the risk of a bubble. Executives acknowledge both the hype and the financial challenges, leaving the market to watch closely for signs of sustainable growth versus speculative over‑investment. Read more →