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In a dramatic unraveling of what was once seen as a powerful alliance, tech mogul Elon Musk and US President Donald Trump have publicly clashed over the recently proposed “One Big Beautiful Bill” (OBBB), a sweeping tax and spending package championed by Trump’s administration. The feud erupted after Musk condemned the OBBB as a “disgusting abomination,” pointing to its projected $2.4 trillion deficit impact and, more critically for him, the […]
Elon Musk’s artificial intelligence startup xAI has raised $6bn in a Series B funding round backed by investors including Valor Equity Partners, Andreessen Horowitz and Sequoia Capital, among others. In a statement posted on its website on Sunday, the startup announced that the funds from this round would be used to bring xAI’s first products to market, build advanced infrastructure, and accelerate the research and development of future technologies. “xAI […]
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