Meta Subscription Push Could Add Billions in Recurring Revenue, Says Rosenblatt 
SK Hynix Joins $1 Trillion Club as AI Chip Demand Fuels Stock Surge 
Snowflake Stock Soars 30% After Q1 Earnings Beat and Major AWS AI Partnership 
Marvell Stock Rises After Record Q1 FY2027 Earnings Fueled by AI Demand 
Samsung Union Dispute Escalates Over Semiconductor Bonus Vote 
NIO CEO Says China’s Auto Industry Has Passed Its Golden Era Amid Weak Car Sales 
Xiaomi Shares Drop After Weak Q1 Earnings Amid Rising Smartphone Costs 
Kentucky School District Secures $27 Million in Social Media Addiction Lawsuit Settlements 
US Quantum Stocks Surge After $2 Billion Government Investment 
DOJ Investigates Group Linked to Reid Hoffman Over E. Jean Carroll Lawsuit Funding 
MongoDB Q1 FY2027 Earnings Beat Expectations, Raises Full-Year Outlook 
Salesforce Q1 FY2027 Earnings Beat Expectations Despite Soft Q2 Revenue Outlook 
Huawei Chip Breakthrough Sparks Rally in Chinese Semiconductor Stocks 
Samsung Workers Approve Wage Deal, Avoiding Major Strike and Boosting Chip Supply Confidence 
Synopsys Q2 FY2026 Earnings Beat Driven by AI and Semiconductor Demand 
Macquarie Names Five Taiwan AI Stocks Set to Benefit From Data Center Growth in 2026 
Elon Musk’s AI startup xAI is reportedly exploring a new funding round that could value the company between $170 billion and $200 billion, according to the Financial Times. Sources familiar with the matter say Saudi Arabia’s Public Investment Fund (PIF) is likely to be a major participant, given its indirect exposure to xAI through Kingdom Holding Company, which invested $800 million in the firm.
While discussions are still at an early stage and terms may shift, Musk responded to the report on X (formerly Twitter), stating, “xAI is not seeking funding right now. We have plenty of capital.”
In June, Morgan Stanley revealed that xAI had secured $5 billion in debt financing and an additional $5 billion in strategic equity investment. These funds are earmarked for expanding AI infrastructure, including large-scale data centers, as the AI arms race intensifies.
xAI, founded in July 2023 as a rival to OpenAI's ChatGPT, acquired Musk’s social media platform X in March, bringing xAI’s valuation to $80 billion and X to $33 billion at the time. The company forecasts rapid growth, aiming for $1 billion in gross revenue by year-end and projecting over $13 billion in annual earnings by 2029, Bloomberg reported.
xAI’s ambitious roadmap includes $18 billion in future investments for building data centers, signaling its intent to become a major force in generative AI. OpenAI, by comparison, is seeking to raise up to $40 billion at a $300 billion valuation.
As competition in artificial intelligence heats up, Musk’s xAI is positioning itself as a major global contender—backed by sovereign wealth, aggressive infrastructure spending, and integration with social media.
