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
According to the US Department of Labor, US unemployment in November fell to 3.5%, the lowest level... Read More
According to the report of the US Department of Labor, the number of Americans filing applications... Read More
According to the press release from the analytical company Automatic Data Processing (ADP), U.S.... Read More
U.S. President Donald Trump noted that he could postpone the signing of a trade agreement with... Read More
According to a statement by representatives of the Ministry of Foreign Affairs of the People's... Read More
According to preliminary estimates of European statistical agency Eurostat, annual inflation in 19... Read More
After a drawdown amid the news about the hacking of the Upbit exchange, the price of bitcoin showed... Read More
According to the press release from the US Department of Commerce, the US economy grew at a 2.1%... Read More
According to trading data, world oil prices began to rise today amid optimism around the prospects... Read More
Deputy Prime Minister Dmitry Kozak said that Russia’s Nord Stream-2 gas pipeline is expected to b... Read More
On Wednesday, American futures fell after US President Donald Trump again threatened to increase... Read More
Today world stocks reached two-year highs, as investors still believe that the US and China will be... Read More
Morgan Stanley’s economists believe that a recovery in global growth will occur in the first q... Read More
US industrial production fell 0.8% in October from the previous month. Analysts forecasted a... Read More
The trade talks between US and China were again in limbo, as the parties still disagree on a number... Read More
Yesterday in a speech to the Economic Club of New York US President Donald Trump announced the... Read More
After more than 6 years of negotiations, a group of 15 Asia-Pacific countries is going to sign the... Read More
Oman’s energy minister Mohammed bin Hamad al-Rumhy said today, that OPEC and non-OPEC producers w... Read More
Gold prices continue to show the worst performance over the past two years, responding to positive... Read More
The European Central Bank said in its economic bulletin, that the eurozone economy will continue to... Read More
Market players are again thrilled by the news: China is insisting on the abolition of additional US... Read More
Based on trading session data, the price of gold went up during the evening trading. The current... Read More
According to the official results released on Monday, the services sector in China slowed down for... Read More
Australian consumer sentiment weakened in September as they worry on modest recovery in the housing... Read More
The 30-yield US Treasury yields plunged to an all-time low as people get wary of recession and... Read More
Japan’s core inflation dropped at a two-year low in July that puts pressure to the central bank as t... Read More
The US price imports grew unexpectedly in July even if the main trend remains weak amid subdued... Read More
Oil prices slid down on Wednesday from recent big losses with Sino-US trade war that affects the... Read More
There has been volatility in the market over the past trading hours as traders weigh the progress... Read More
On Tuesday, the Reserve Bank of Australia adjusted their rates at an all-time low at 1% which was... Read More
