Musk’s xAI Amasses $10B, Sets Sights on Creating the World’s Most Powerful AI

July 2, 2025 – According to a CNBC post on July 1, Elon Musk has secured a whopping 10billiontofuelhisAIambitionsandintensifythecompetitionwithOpenAI.Thisfundingcomesintheformofa5 billion debt and $5 billion equity combination. Morgan Stanley revealed on the same day that xAI, the AI company led by Musk, has raised a total of 10billionthroughamixofdebtandequity.Specifically,5 billion was obtained via secured notes and term…

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Riot Games Shutters Hypixel Studios, Halts Hytale Development Amidst Creative Challenges

June 24, 2025 – Hypixel Studios has officially announced its closure and the discontinuation of the highly anticipated game, Hytale, which aimed to blend action role-playing elements with the sandbox creativity reminiscent of Minecraft. The development journey of Hytale predates the 2020 acquisition of Hypixel Studios by Riot Games, the renowned developer behind hits like…

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TDK Expands AI Ecosystem with Acquisition of Smart Glasses Innovator SoftEye

June 20, 2025 – TDK Corporation, a leading Japanese electronics company, announced today its acquisition of SoftEye, a U.S.-based developer of advanced smart glasses hardware and software solutions. The move is part of TDK’s broader strategy to expand its presence in the AI ecosystem. SoftEye specializes in creating customized chips, cameras, software, and algorithms tailored…

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Nissan CEO Unveils Plans to Trim Renault Stake

June 16, 2025 – On Monday, the Nikkei Business Daily reported that Nissan Motor Co.’s CEO, Ivan Espinosa, has announced the company’s intention to reduce its stake in its French partner, Renault SA. Based on the current stock prices, selling the entirety of Nissan’s 5% shareholding in Renault could potentially raise approximately 100 billion yen….

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