News with the tag "xAI"

Elon Musk’s social media platform X (formerly Twitter) is planning to repurchase the final $1.2 billion chunk of high-risk debt left over from the $44 billion Twitter buyout in 2022. This piece is known as second-lien debt, and it’s been sitting like dead weight on the books of seven major banks, le...

In a bold move signaling a major escalation in the generative AI race, Elon Musk’s artificial intelligence company, xAI, has just acquired Hotshot, a promising startup specializing in AI video generation . This acquisition places xAI directly in competition with OpenAI and its groundbreaking Sora mo...

Binance, one of the world’s leading cryptocurrency exchanges, has announced another round of delistings, primarily affecting specific spot trading pairs involving Bitcoin and an Ethereum asset. This decision aligns with

In a recent announcement dated March 5th, COINOTAG reports that Binance, a dominant player in the cryptocurrency exchange sector, is set to delist several trading pairs on March 7, 2025,

In a significant update from Binance, an official announcement revealed that the exchange will eliminate several leverage trading pairs effective March 11, 2025, at 14:00 (GMT+8). Specifically, the pairs slated

Texas-based technology company Dell projects a 53% annual revenue rise from its AI server sales, hoping to earn over $15 billion this year from AI server shipments alone. However, the company expects a drop in its yearly adjusted gross margin rate due to the high production costs of AI servers. So f...

In the fast-paced world of cryptocurrency and blockchain, trust and transparency are paramount. Similarly, the burgeoning field of Artificial Intelligence (AI) faces its own tests of credibility, especially when it comes to AI benchmarks . This week, a public spat erupted, echoing the crypto world’s...

Tesla CEO Elon Musk says his artificial intelligence (AI) company xAI plans to improve the capabilities of its latest model, Grok 3, to scale up graphics resolution for developers to build games better than AAA titles. On Friday, internet personality Mario Nawfal shared a video on social media platf...

Is Elon Musk’s AI venture, xAI, inadvertently casting a shadow over the health of Memphis residents? Recent revelations about xAI’s ‘Colossus’ supercomputer project are raising serious questions about environmental responsibility in the rapidly evolving AI landscape. While the promise of groundbreak...

The AI race is heating up, and Elon Musk’s xAI is making a monumental move to stay ahead. Whispers from Silicon Valley suggest xAI is in discussions to secure a staggering $10 billion in funding . This ambitious AI fundraising round could catapult xAI’s valuation to a whopping $75 billion. Let’s div...