May 10, 2024 Last Updated 01:06 AM EDT

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Elon Musk's xAI Nears $18 Billion Valuation Following Major Funding Round Amid Rising Investor Interest

Elon Musk's xAI Corporation is approaching the end of a major investment round, with investors valuing the business at $18 billion.

US President Joe Biden Unveils AI Data Center Plans at Wisconsin

President Joe Biden unveiled Microsoft's $3 billion investment in an AI data center in southeast Wisconsin, addressing the soaring demand for computing power in the AI sector...

Steward Health Care Puts All 31 Hospitals up for Sale to Address $9 Billion Debt After Filing for Bankruptcy

Steward Health Care has reportedly listed all its 31 hospitals in the United States for sale to pay off its $9 billion debt...

Social Security and Medicare Get Boost From Stronger US Economy, But Funds Expected to Run Short in 2035

Social Security and Medicare have improved due to stronger-than-expected economic growth. However, the safety-net programs are still expected to face a funding crisis in approximately ten years...

Heineken Announces £39 Million Investment to Reopen 62 Closed UK Pubs

The focus of the investment will be on reopening 62 pubs that were pre...

Apple Spends Less on AI Than Rivals; Investors Worried About Sales

Despite rivals investing heavily in AI-focused infrastructure, Apple, ...

Latest News

Disneyland Moves Closer to Expansion Plans as Anaheim City Council Approves $1.9 Billion Project
The Anaheim City Council has given the green light to Disneyland Forward, the Walt Disney Company's ambitious plan to expand its iconic theme park.
Micron Technology Set to Receive $6.1 Billion CHIPS Grant From Biden Administration
The Biden administration has agreed to pay $6.1 billion in government funding for Micron Technology to produce advanced memory computer chips in New York and Idaho.
Trudeau Government Announces Tax Hike on Wealthy Canadians in Federal Budget to Fund Housing
The new tax increase raises the taxable portion of capital gains exceeding $250,000 Canadian (US$181,000) from half to two-thirds.
940,000 Taxpayers May Receive Extra $932 Tax Refunds From IRS; Here's Why!
Nearly 940,000 taxpayers could be in for an exciting surprise as they may receive extra tax refunds from the IRS.
Funding Solutions at The Centurion Pro: A Strategic and Innovative Approach to Business Finance
The rapidly changing business environment requires capital as a significant component of growth and sustainability. Yet, obtaining funding could be a significant problem for small and medium-sized ent
UK Receives Record-Breaking Public Donations to Pay Off National Debt
The United Kingdom receives voluntary donations towards reducing national debt at the highest level in the last ten years.
US Banks to Increase Loans to Oil and Gas Companies as Europeans Reduce Theirs Over Climate Change Concerns
U.S. regional banks are filling the lending gap for oil, gas, and coal companies left by European lenders amid climate concerns, with banks like Citizens Financial Group Inc., BOK Financial Corp., and
Pennsylvania Offers $15K Stipends to Student Teachers; Here's What to Know!
The Pennsylvania state agency received a flood of applications on Thursday for the state's first student-teacher stipends.
Chicago Mayor Urges to Spend Another $70 Million in Taxpayers' Cash to Help 38,000 Immigrants
The $70 million would add to the $150 million already set aside in the 2024 budget for addressing the migrant crisis.
Apple AI: iPhone, ChatGPT Makers Seek $1 Billion Funding to Build New Artificial Intelligence Hardware
Makers of ChatGPT and iPhone are reportedly seeking funds to create a personal device that would integrate the two.

Most Read

1

US Patent and Trademark Office Admits Second Data Leak That Revealed Thousands of Filers' Private Addresses

US Patent and Trademark Office Admits Second Data Leak That Revealed Thousands of Filers' Private Addresses

2

Elon Musk's Brain Implant Company, Neuralink, Reports Device Malfunction on Its First Human Patient

Elon Musk's Brain Implant Company, Neuralink, Reports Device Malfunction on Its First Human Patient

3

Joe Biden Mocks Donald Trump Over Failed Foxconn Project in Wisconsin as He Lauds New Microsoft Center on Same Site

Joe Biden Mocks Donald Trump Over Failed Foxconn Project in Wisconsin as He Lauds New Microsoft Center on Same Site

4

JPMorgan Chase Australia Fined Over $500,000 for Allowing Suspicious Client Orders on Wheat Futures Trading

JPMorgan Chase Australia Fined Over $500,000 for Allowing Suspicious Client Orders on Wheat Futures Trading

5

Mini Gold Bars Are Causing a Frenzy in South Korea as Buyers Rush to Get Them in Convenience Stores, Vending Machines

Mini Gold Bars Are Causing a Frenzy in South Korea as Buyers Rush to Get Them in Convenience Stores, Vending Machines
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