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Elon Musk's AI startup, xAI, has acquired his social media platform X in an all-stock deal, valuing xAI at $80 billion and X at $33 billion after accounting for $12 billion in debt. This merger aims to combine resources and enhance AI capabilities, leveraging X's extensive user data. Musk's acquisition reflects his strategy to integrate his companies, furthering his ambitions in the AI sector.
Elon Musk's AI firm xAI has acquired his social media platform X, formerly Twitter, for $33 billion, valuing xAI at $80 billion. Musk stated that merging their capabilities will unlock significant potential, although details of the deal remain unclear. Following his 2022 purchase of Twitter for $44 billion, Musk implemented controversial changes that led to a decline in revenue and advertiser flight.
UBS has added Euronext NV to its "30 for 30" global stock list, replacing Bank Mandiri, citing Euronext's potential to benefit from a recovery in European trading volumes and its strong financial performance, with a 15.1% increase in adjusted EBITDA in Q3 2024. The investment bank highlights Euronext's attractive valuation and growth initiatives, while noting risks related to market volatility and regulation. Other companies on the list include Microsoft, Alibaba, Meta Platforms, and Goldman Sachs, reflecting a focus on technology disruptors in rapidly transforming sectors.
PsiQuantum, a Silicon Valley quantum computing startup, has raised over US$750 million, boosting its valuation to US$6 billion. The Australian government has invested US$940 million in the company, which is developing a photonics-based quantum computer and plans to build a facility in Brisbane by 2027. BlackRock leads the funding round, with participation from major investors including Microsoft’s M12 and Temasek.
Goldman Sachs has downgraded Super Micro Computer (SMCI) to "sell," citing risks in the AI server market, increased competition, and low profit margins, with a new price target of $32. Meanwhile, AI startup Fyxer raised $10 million, and major tech firms like Tesla and AMD saw significant stock gains. Apple faces a 21% drop in iPhone shipments in China, while Microsoft and Salesforce are noted for their resilience amid potential software spending slowdowns.
CrowdStrike (CRWD) is rated a "Strong Buy" by Wall Street, with 32 out of 45 analysts supporting this view. The stock, currently trading at a premium, is expected to see revenue growth of 21% in fiscal 2026 and a significant recovery following a software outage, bolstered by innovative offerings like Falcon Flex and CharlotteAI. Analysts project a price target of $407.10, indicating potential upside, while the company aims for $10 billion in annual recurring revenue by fiscal 2031.
MGX, with $50bn for AI and tech investments, and ADIA, managing over $1tn, are pivotal in the region's tech evolution, recognizing the shift from oil to AI. Despite Tesla's stock decline, long-term optimism remains, with opportunities seen in AI and space sectors. Economic uncertainties persist, but the belief in continued global prosperity and technological advancement is strong.
Aspire has launched Aspire Ignite, a three-month program aimed at helping early-stage startups in Singapore secure funding beyond the seed stage. Targeting startups in the Asia Pacific that have raised pre-seed funding, the program includes expert-led masterclasses, reverse pitch sessions with venture capitalists, and offers over US$200,000 in partner perks. Finalists can receive US$25,000 from Aspire and up to US$500,000 in credits from major companies like Google, Microsoft, and Amazon. Applications are currently open, with the program starting on April 14.
UBS analysts favor U.S. AI stocks over Chinese counterparts, citing better monetization opportunities and a larger addressable market. The U.S. Big 4 are projected to spend $302 billion on capital expenditures by 2025, significantly outpacing China's $51 billion, positioning U.S. firms for long-term success. Despite recent underperformance, U.S. AI companies are seen as offering a superior risk-return ratio, particularly in semiconductors and cloud platforms.
On September 30, 2024, Barclays PLC acquired 2,134,229 shares of Nabors Energy Transition Corp at $10.99 per share, marking a strategic move to diversify its investment portfolio. This acquisition, constituting 0.01% of Barclays' holdings, aligns with its focus on technology and consumer cyclical sectors. Despite Nabors' mixed financial metrics, the investment positions Barclays to benefit from potential future mergers or acquisitions in the energy transition sector.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
xAI acquires social media platform X in all stock deal
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17:04 29.03.2025
Elon Musk sells social media company X to xAI for 33 billion dollars
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03:50 29.03.2025
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15:04 27.03.2025
PsiQuantum secures 750 million funding raising valuation to 6 billion
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05:10 27.03.2025
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11:44 25.03.2025
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13:15 24.03.2025
barclays expands portfolio with nabors energy transition corp acquisition
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13:30 22.03.2025
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