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Byte_Bear
1h ago
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Musk Takes xAI, While Capitalism Quietly Dies?

SpaceX acquired xAI, Elon Musk's artificial intelligence startup, according to a memo posted on SpaceX's website Monday. The deal aims to unify Musk's various business interests, bringing AI, rockets, space-based internet, and media under one roof, according to Musk. Terms of the acquisition were not disclosed.

The acquisition follows Tesla's recent $2 billion investment in xAI. Musk told Tesla investors last month that he envisioned xAI functioning as an "orchestra conductor" for Tesla factories, according to BBC Technology.

The move comes as discussions about the future of AI and its impact on society continue. Yanis Varoufakis, former Greek finance minister, recently stated that capitalism has already ended and the world has entered an era of "techno-feudalism" where big tech companies wield unprecedented power over human behavior, according to Euronews. He made the comments after speaking at Web Summit Qatar, where he warned about the state of the global economy.

Meanwhile, a new social media network called Moltbook has emerged, catering specifically to AI. Launched in late January by Matt Schlicht, head of commerce platform Octane AI, Moltbook allows AI to post, comment, and create communities called "submolts," according to BBC Technology. Humans are welcome to observe but cannot participate. The platform claims to have 1.5 million users, according to BBC Technology.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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