Elon Musk’s xAI has closed a $10B round — half in debt, half in equity — to scale up its Colossus supercomputer and Grok chatbot. Meanwhile, the political drama heats up.
➡️ Here’s what happened:
🟡 #XAI is now valued at $80B, with funding from Morgan Stanley and other investors
🟡 Musk merged Grok directly into X (formerly Twitter), buying back the platform himself
🟡 All of this against the backdrop of competition with OpenAI ($40B round, $300B valuation) and Anthropic ($60B+)
➡️ And now for the fun part:
🟡 Trump accused Musk of leeching off government subsidies
🟡 He suggested “sicking #doge⚡ ” — aka the “Department of Government Efficiency” — on Musk’s businesses
🟡 Musk replied: “CUT IT ALL. Now.” — urging to end all subsidies entirely
📌 Meanwhile, Senator Lummis proposed a budget amendment to exempt crypto from taxes on transactions under $300 and delay taxes on mining, staking, and airdrops until assets are sold.
xAI gets funding, Trump gets hype, DOGE gets mentioned, and crypto gets a shot at tax relief. Just another Tuesday.