AI Investment
Tesla invests $2 billion in Elon Musk's xAI
Reported by AI Image generated by AI
Tesla has disclosed a $2 billion investment in Elon Musk's AI company xAI, part of its Series E funding round, despite ongoing shareholder lawsuits and a rejected nonbinding vote. The move aims to foster AI collaborations under Tesla's Master Plan Part IV. The investment, made on market terms, is expected to close in the first quarter of 2026.
SoftBank reported a net income of 1.83 trillion yen for its fiscal fourth quarter, far exceeding the average analyst estimate of 295.2 billion yen.
Reported by AI
Microsoft has outlined a $190 billion capital expenditure budget for artificial intelligence in fiscal year 2026. The plan highlights ongoing heavy investments in AI amid competitive pressures in the sector. Analysts express caution over the sustainability of such spending.