Elon Musk’s rocket maker SpaceX has acquired his artificial intelligence startup xAI in a deal that will value the company at $1.25 trillion, CNBC’s David Faber confirmed Tuesday. The record-setting deal is the largest merger of all time and values SpaceX at $1 trillion and xAI at $250 billion, according to documents viewed by CNBC….
It’s a tale of two different megacaps so far this earnings season when it comes to artificial intelligence. Meta Platforms surged more than 8% after showing signs that AI investments are boosting the bottom line, while Microsoft shares dropped as the company struggled to justify recent spending plans to investors and showed a slowdown in…
The Intel logo is seen at the India Mobile Congress 2025 in Delhi, Oct. 11, 2025. Kabir Jhangiani | Nurphoto | Getty Images Intel shares plunged 17% on Friday after the chipmaker issued lackluster guidance and warned of a supply shortage. The stock headed for its worst session since August 2024. During a fourth-quarter earnings…
Nurphoto | Nurphoto | Getty Images Facebook and Instagram parent company Meta on Wednesday said it will begin to show advertising on its Threads microblogging service to all users globally starting next week. “With ads on Threads, businesses can authentically join this conversation while finding new ways to connect with the people most interested in…