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Elon Musk's AI company, xAI, has acquired the social media platform X in a $33 billion all-stock deal, valuing xAI at $80 billion. Musk aims to merge xAI's advanced AI capabilities with X's extensive user base to enhance user experiences and promote human progress. The acquisition follows Musk's previous purchase of X for $44 billion in 2022, and xAI's flagship product, Grok, is already integrated into the platform for premium subscribers.
The Israeli tech sector demonstrated resilience in 2024, raising over $10 billion and achieving exits of $13 billion. This momentum carried into 2025, with startups securing more than $620 million in January, a 30% increase from the previous year, driven by strong investor sentiment and significant global interest, particularly in cybersecurity. Industry leaders anticipate continued growth and innovation despite geopolitical tensions.
Elon Musk and OpenAI are set to fast-track their legal dispute over the organization's transition to a for-profit model, with a trial scheduled for December. Musk's attempt to halt this shift was denied, and both parties have postponed deciding whether the case will be settled by a judge or jury. Musk, who co-founded OpenAI in 2015, claims the transition deviates from its original mission, while OpenAI argues that Musk's actions are aimed at benefiting his rival company, xAI.
Chinese President Xi Jinping met with top tech entrepreneurs, including Jack Ma and Ren Zhengfei, to bolster support for the private sector amid economic challenges and a trade war with the U.S. Xi emphasized the need to eliminate barriers for fair market competition.In other news, X has begun blocking links to the encrypted messaging app Signal, citing potential harm, despite Elon Musk's previous endorsement of the platform for privacy. Meanwhile, OpenAI cofounder Ilya Sutskever's new venture, Safe Superintelligence, is reportedly raising funds at a $30 billion valuation, focusing on advanced AI development.
The era of AI pre-training is nearing its end, according to OpenAI co-founder Ilya Sutskever, who predicts the emergence of AI superintelligence driven by advancements in computing power and synthetic data. He likens data to fossil fuels, suggesting that the current data landscape has peaked. Meanwhile, AI agents are gaining traction in the crypto space, exemplified by the viral success of the memecoin Goatseus Maximus, as Google’s DeepMind introduces Gemini 2.0 to enhance AI's decision-making capabilities.
The rapid advancements in AI, once fueled by the belief in continuous improvement through increased data and computing power, are now showing signs of stagnation. OpenAI"s Orion and Google"s Gemini are experiencing only incremental upgrades, while Anthropic"s Claude model faces delays. Ilya Sutskever, a key figure in AI development, acknowledges a shift from the era of scaling to one of exploration and innovation.
Global AI deal volumes surged to 1,245 in Q3 2024, marking a 24% year-over-year growth, despite a 29% decline in funding from $1B+ rounds. U.S. startups led with $11.4B across 566 deals, while generative and industry-specific AI investments drove confidence, resulting in 13 new unicorns, primarily in generative AI. Challenges remain for enterprises in adopting these technologies at scale, as they must integrate AI into existing workflows while addressing data management issues.
OpenAI is undergoing significant changes, including the reassignment of safety executive Aleksander Madry and the disbandment of its AGI Readiness and Superalignment teams, amid rising safety concerns and scrutiny from lawmakers. Former team members are being reassigned, while Miles Brundage plans to focus on AI policy research externally, emphasizing that neither OpenAI nor the world is prepared for advanced AI. The company is also restructuring its board and has faced antitrust investigations, highlighting the urgent need for effective oversight in the rapidly evolving AI landscape.
Ilya Sutskever
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Elon Musk's xAI acquires social media platform X in 33 billion deal
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13:00 29.03.2025
Israeli tech sector raises 10 billion dollars and shows growth in 2025
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