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xAI Acquires X for $33B; OpenAI Seeks For-Profit Status for $40B Funding
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Key Takeaways
- xAI acquired X (formerly Twitter) for $33 billion on March 29, 2025.
- OpenAI needs to be for-profit for $40B SoftBank funding by the end of 2025.
- The FBI is investigating a cyberattack at Oracle, according to a Bloomberg News report.
- Scale AI seeks $25B valuation in tender offer, according to Business Insider.
- Judge rejects Musk's bid in Twitter shareholder lawsuit over delayed investment disclosure.
Musk's Empire
xAI acquires X (formerly Twitter) for $33B
Tech Horizons
OpenAI needs to be for-profit for $40B SoftBank funding
Scale AI seeks $25B valuation in tender offer
CoreWeave's crypto-mining GPUs led to $1.5B IPO
Cyber Defense
FBI investigates cyberattack at Oracle
Starlink Wi-Fi in White House poses security risks
Trump officials' passwords leaked; hacker extradition
Reported on 2025-03-29, passwords and personal phone numbers of top Trump officials were discovered online. Additionally, the alleged Snowflake hacker will be extradited to the US, internet restrictions create an information vacuum in Myanmar, and London gets its first permanent face recognition cameras.
CISA struggles to protect the US
AI Breakthroughs
ChatGPT now generates Studio Ghibli-style art
DOGE's Gamble
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