The AI startup founded by Elon Musk has raised $6 billion in Series C funding. Key investors include NVIDIA, AMD, as well as venture capital funds a16z, Kingdom Holdings and Sequoia, and financial giants Morgan Stanley and BlackRock.As a result of this round, the company's value exceeded $40 billion. Recall that in early 2023, xAI has already raised a similar amount in the Series B round.The funds received will be used to develop the AI infrastructure and improve the company's flagship models. I... Read More
The Federal Reserve Board unexpectedly lowered its base interest rate from 1.5-1.75% to 1-1.25%,... Read More
The Central Bank of Australia has lowered its key interest rate from 0.75% to 0.5% per annum. The... Read More
According to official figures, Italy's economic growth in 2019 has slowed to its lowest level since... Read More
A key market indicator of long-term inflation expectations in the eurozone fell to a record low... Read More
Major European stock indexes on Thursday evening accelerated the pace of decline and are already... Read More
The German Institute for Economic Research DIW reported that Germany’s economy is close to s... Read More
Italy warned the EU that it could require substantial assistance if the unexpected spread of... Read More
Philip Lane, chief economist at the European Central Bank (ECB), said that the spread of the... Read More
Gold prices rose to a maximum in 7 years due to fears that an outbreak of coronavirus will slow... Read More
According to the Office of National Statistics (ONS), inflation in Great Britain accelerated in... Read More
Stock prices of the American company Apple Inc are reduced today by 3.6% during preliminary... Read More
In the fourth quarter of 2019, Japan's GDP fell by 6.3% year on year after increasing the... Read More
According to the US Federal Reserve, the volume of industrial production in the United States in... Read More
According to the US Labor Department, consumer prices in the US in January rose 2.5% year on year,... Read More
Deputy head of the PRC Academy of Social Sciences Cai Fan said that China will be able to achieve... Read More
The UK economy showed zero growth in the last quarter of 2019. According to preliminary data from... Read More
Today, Gold quotes rose to a week maximum, reaching $1,580 per troy ounce. The precious metal is... Read More
According to the U.S. Department of Labor, the number of Americans applying for unemployment... Read More
The OPEC+ Technical Committee recommended that the organization’s member countries reduce oil p... Read More
According to the European statistical agency Eurostat, retail sales in the eurozone in December... Read More
The sterling lost more than 1% after British Prime Minister Boris Johnson said he would not accept... Read More
According to the final data of the research organization IHS Markit, the index of business activity... Read More
According to the European statistical Agency Eurostat, annual inflation in the 19 countries of the... Read More
Today, the Bank of England held a meeting, at which left rates unchanged at 0.75%. Representatives... Read More
The German government raised its forecast for GDP growth for 2020 and promised to create all... Read More
OPEC representatives said the organization is ready to extend the current decline in oil production... Read More
Experts note that due to the outbreak of pneumonia in China, the growth rate of the Chinese economy... Read More
According to preliminary data from the Markit Economics Research Organization, the composite index... Read More
Today, the European Central Bank (ECB) held a meeting, following which the regulator left key... Read More
During an interview with The Wall Street Journal at the World Economic Forum in Davos, U.S.... Read More