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...


Latest News

Biden Administration Grants Taiwan Semiconductor Manufacturing Company $11.6 Billion to Boost Chip Production in U.S.
The US Commerce Department allocated $11.6 billion to TSMC, aiding chip production in Arizona as part of the CHIPS and Science Act. TSMC's total investment in the US reached $65 billion, including pla
Justin Trudeau Announces $1.8 Billion Investment Package to Boost Canada's AI Sector
Much of the investment is directed towards improving Canada's computing and technology infrastructure, which will benefit AI researchers and startups.
Disney Reveals Theme Parks Make the Most Money, Plans to Invest $60 Billion to Make Them Even Better
As a top money-maker in its division, Disney vows to invest $60 billion in its theme parks to ensure continued success for the next decade, focusing on innovation and technological advancements.
Biden Administration To Introduce New Student Loan Forgiveness Plan Following $143 Billion in Approved Relief
President Joe Biden will reveal the plan on Monday in Madison, Wisconsin, which is where the main campus of the University of Wisconsin is located.
RFK Jr. Says Referring to Jan 6 Rioters as 'J6 Activists' in Fundraising Email Was a Mistake
Stefanie Spear, the press secretary for the campaign, explained that the statement was an error from a recently hired marketing contractor and does not represent Kennedy's views.
NYC Small Businesses in Flood Zones Can Receive Grants Up to $5k Through New Program
The Business Preparedness and Resiliency Program (BPREP) provides eligible businesses with grants of up to $5,000 to bolster their infrastructure against natural disasters.
Major AI Companies Unite to Create the World's First Artificial Superintelligence Alliance Worth $7.6 Billion
SingularityNET, Fetch.ai, and Ocean Protocol join to form the Artificial Superintelligence Alliance, merging $FET, $OCEAN, and $AGIX tokens to create a decentralized AI network worth $7.6 billion.
Novo Nordisk's $1,000 Ozempic Diabetes Drug Can Be Made for Less Than $5 Monthly
A recent study suggests that Novo Nordisk's diabetes drug, Ozempic, priced at nearly $1,000 in the US, could be produced for less than $5 a month.
Selected Student Loan Borrowers to Receive Refunds Aside From Loan Forgiveness: Who's Eligible?
To correct the injustice of those who were paying debt for longer than needed, student loan borrowers who made payments beyond their eligibility for cancellation are now entitled to refunds.
China Pressing Banks to Expedite Loan Approvals to Cash-Strapped Private Property Developers
Chinese authorities are pressuring banks to approve new loans to private property developers faster to boost purchaser sentiment and lower lenders' asset quality.
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