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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

On March 29, 2025, Elon Musk's xAI acquired X (formerly Twitter) in a deal valued at $33 billion. This acquisition allows the value of xAI to be shared with co-investors and could potentially aid in training xAI's chatbot, Grok.

Judge rejects Musk's bid in Twitter shareholder lawsuit

On March 29, 2025, a U.S. judge rejected Elon Musk's attempt to dismiss a lawsuit. The lawsuit claims Musk defrauded former Twitter shareholders by delaying the disclosure of his initial investment in the company on 2025-03-28.

Tech Horizons

OpenAI needs to be for-profit for $40B SoftBank funding

Reported on 2025-03-28, OpenAI is required to transition to a for-profit company by the end of 2025 to secure a $40 billion funding round led by SoftBank. SoftBank retains the option to reduce the funding to $20 billion if OpenAI fails to restructure.

Scale AI seeks $25B valuation in tender offer

Reported on 2025-03-28, Scale AI is reportedly seeking a valuation as high as $25 billion in a potential tender offer, according to Business Insider.

CoreWeave's crypto-mining GPUs led to $1.5B IPO

On 2025-03-30, it was reported that CoreWeave's co-founder explained how a collection of crypto-mining GPUs led to a $1.5 billion IPO.

WIRED explores the frontiers of modern computing

Cyber Defense

FBI investigates cyberattack at Oracle

According to a Bloomberg News report published on 2025-03-29, the FBI is currently investigating a cyberattack at Oracle.

Starlink Wi-Fi in White House poses security risks

Reported on 2025-03-29, the use of Starlink Wi-Fi in the White House could create blind spots and security exposures.

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

Reported on 2025-03-29, employees at the Cybersecurity and Infrastructure Security Agency (CISA) are facing challenges in their efforts to protect the United States.

US border crossings increasingly dangerous for digital privacy

Reported on 2025-03-29, crossing into the United States is becoming increasingly dangerous for digital privacy. Steps can be taken to minimize the risk of Customs and Border Protection accessing personal data.

AI Breakthroughs

ChatGPT now generates Studio Ghibli-style art

On 2025-03-27, it was reported that ChatGPT is being utilized to generate art in the style of Studio Ghibli.

Google debuts AI weather forecasts across Africa

On 2025-03-28, Google introduced AI-enabled weather forecasts across Africa. This new feature provides short-term rain forecasts directly in Search results.

DOGE's Gamble

DOGE plans rapid SSA code rebuild, risking collapse

DOGE plans to rebuild the SSA code base in months, a process that would typically take years. This rapid rewrite carries the risk of system collapse.

Gadget Mania

Robot ADRIANO welcomes tourists in Rome

On March 29, 2025, it was reported that the robot ADRIANO started working on March 27, 2025, at the temple of Hadrian and Vibia Sabina in Rome. ADRIANO welcomes tourists and provides information about Roman history.

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