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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Volkswagen Pours $1B into Rivian to Bolster Tech Collaboration

June 30, 2025 – According to a report from Deutsche Presse-Agentur (DPA), Volkswagen Group is set to make its second 1billioninvestmentinitspartnerRivianonMonday.ThismoveispartofVolkswagen′spreviouslyannouncedcommitmenttoinvestupto5.8 billion in Rivian. Of the total 5.8billioninvestment,3.5 billion will be used to purchase Rivian’s shares. This investment could potentially enable Volkswagen to surpass Amazon as Rivian’s largest shareholder. The remaining $2.3 billion will be…

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OpenAI Strikes Multi-Million-Dollar Custom AI Deals with U.S. and Indian Governments

June 30, 2025 – According to a recent report from The Information, OpenAI is taking a page out of Palantir’s playbook by significantly ramping up its consulting services. The AI giant has secured customized AI collaboration agreements with notable entities, including the U.S. Department of Defense, the Indian government, and Southeast Asian ride-hailing giant Grab….

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Volvo’s 5,000 – Unit Electric Heavy – Truck Delivery: Tesla Semi Faces a Daunting Catch – Up Task

June 30, 2025 – Volvo has quietly made a significant announcement overseas, revealing that it has successfully delivered its 5,000th electric heavy – duty truck. Since 2019, the company has been in the business of delivering pure – electric heavy – duty trucks. Its customer base now spans over 50 countries globally, and the cumulative…

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Gurman: Apple’s Wearable Revenue Slide Calls for Smart Ring Launch to Reignite Consumer Interest

June 30, 2025 – According to a recent article by Bloomberg’s Mark Gurman, Apple’s wearable device revenue is experiencing a downturn and is expected to continue declining in the future. Gurman suggests that the tech giant should explore the development of smart rings as a potential solution. Gurman highlighted that a significant number of consumers…

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