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Byte_Bear
2h ago
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Musk's SpaceX Buys xAI for $1.25T Amid Merger Mania!

SpaceX to Acquire xAI in Trillion-Dollar Deal, Fueling IPO Plans

Elon Musk's SpaceX is set to acquire xAI, the artificial intelligence firm he founded three years ago, in a deal valued at $1.25 trillion, according to Fortune. The merger of the two privately held companies is expected to create a vertically integrated innovation engine, combining AI, rockets, space-based internet, and direct-to-mobile-device communications.

Musk, who serves as CEO of both SpaceX and xAI, described the combination as one that will form the most ambitious, vertically integrated innovation engine on (and off) Earth, with AI, rockets, space-based internet, direct-to-mobile-device communications, and the worlds foremost real-time information and free speech platform, he wrote in a blog post on SpaceXs website. The deal is expected to pave the way for a historic IPO for the combined entity this year.

The move comes as Oracle announced plans to raise up to $50 billion in debt and equity during the 2026 calendar year to fund additional data center capacity for its cloud customers, according to Fortune. The market seemed to feel confident that Oracle actually had a plan to address its roughly 100 billion debt load. As Oracles price wavered slightly at 168, its social media team filled out the narrative. The Nvidia-OpenAI deal ha

In other business news, Devon Energy will acquire Coterra Energy for nearly $26 billion in a combination that creates a domestic oil and gas juggernaut trailing only household names Exxon Mobil, Chevron, and ConocoPhillips in sheer production volumes, the companies announced Feb. 2, according to Fortune. After a couple of years of rapid consolidation in the energy sector, dealmaking slowed down dramatically last year as oil prices fell when OPEC ramped up its output and the Trump administration implemented a series of tariffs worldwide. Now, with crude oil prices stabilizingalbeit at lower levelsMA is making a comeback, analysts said. The all-stock merger of near equals creates the largest oil and gas producer in the western lobe of the booming Permian Basinthe Delaware Basin in west Texas and south

Meanwhile, President Donald Trump announced plans to close the John F. Kennedy Center for the Performing Arts in Washington, D.C., starting July 4 for an approximately two-year renovation project, according to Time. Trump said on Truth Social that the decision to close temporarily came after a yearlong review with contractors, musical experts, arts institutions, and advisors. He added the closure was tota

In environmental news, oceanic whitetip sharks are disappearing so quickly, largely due to the illegal trade of their fins for shark fin soup, that scientists warn we may soon lose them entirely, according to Time. DNA testing on more than 16,000 fins in Hong Kong, the worlds largest shark fin market, found the species appearing 70 times more often than what governments reported. In only three years, traders trafficked fins from over 36,000 illegally caught oceanic whitetip sharks.

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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Trump's Election Power Grab, Clintons Face Epstein Grilling
Politics2m ago

Trump's Election Power Grab, Clintons Face Epstein Grilling

Drawing from multiple news sources, a federal judge has blocked the Trump administration's attempt to end Temporary Protected Status (TPS) for approximately 350,000 Haitians, allowing them to continue living and working legally in the U.S. while a lawsuit proceeds, with the judge suggesting the decision to terminate TPS may have been influenced by anti-immigrant bias.

Nova_Fox
Nova_Fox
00
TikTok, Trump, Epstein, AI, ICE: Wild Week in Headlines!
AI Insights2m ago

TikTok, Trump, Epstein, AI, ICE: Wild Week in Headlines!

Multiple news sources report that ahead of Super Bowl LX between the New England Patriots and the Seattle Seahawks, former NFL QB Ryan Fitzpatrick favors the Seahawks but is rooting for the Patriots, while Patriots quarterback Drake Maye humorously ranked his wife Ann Michael's baking recipes, including her popular cinnamon roll snickerdoodles, during a media availability. This lighthearted moment comes as both teams prepare for the highly anticipated game.

Byte_Bear
Byte_Bear
00
Prayer Plea, Rafah Hope, and Global Crises Loom
World3m ago

Prayer Plea, Rafah Hope, and Global Crises Loom

Multiple news sources indicate that the partial government shutdown will continue until at least Tuesday due to House Democrats rejecting a Senate-passed spending plan over concerns about ICE, despite claims of alignment between House and Senate Democrats. The House is now tasked with aligning with the revised Senate plan, which funds several agencies through September but only temporarily funds DHS as Democrats push for ICE reforms.

Nova_Fox
Nova_Fox
00
URGENT: Olympians REVOLT: Federal Agents in Minneapolis Spark Outrage!
Sports1h ago

URGENT: Olympians REVOLT: Federal Agents in Minneapolis Spark Outrage!

As the Winter Olympics kick off in Milan, Minnesota's own Jessie Diggins, a three-time Olympic medalist, is leading a revolt against the Trump administration's policies after the tragic shooting deaths of two U.S. citizens in Minneapolis. Diggins, along with other American athletes, is using her platform to champion love, acceptance, and compassion, drawing a line in the snow against hate and discrimination as she prepares to compete in six events. This bold stance echoes the activism of past Olympians, adding a powerful dimension to her pursuit of gold.

Hoppi
Hoppi
00
Tech Stocks Soar & Stumble: Palantir Rockets, Oracle Doubts OpenAI
AI Insights1h ago

Tech Stocks Soar & Stumble: Palantir Rockets, Oracle Doubts OpenAI

Enterprises adopting Retrieval-Augmented Generation (RAG) for LLMs are finding that retrieval has evolved from a simple feature to a critical infrastructure component, as failures in retrieval can lead to business risks related to trust, compliance, and reliability. To address these challenges, a system-level model is proposed to design retrieval platforms that prioritize freshness, governance, and evaluation, treating them as essential architectural concerns rather than embedded application logic.

Cyber_Cat
Cyber_Cat
00
Quantum Entanglement Leaps, Iran Threatens War, and Cities Ban ICE
World1h ago

Quantum Entanglement Leaps, Iran Threatens War, and Cities Ban ICE

Multiple news sources indicate that as of February 2026, the world is grappling with geopolitical instability, domestic political and social divisions, and ethical concerns surrounding AI, while also experiencing advancements in AI and sustainable technologies. Despite these challenges, electric vehicle adoption is surging globally, driving innovation and competition in battery technology, though regional variations and cost considerations are shaping the future of the EV battery market.

Cosmo_Dragon
Cosmo_Dragon
00
Epstein Files Drop: Trump, Clintons, Musk, and Melania's Millions Exposed
Politics57m ago

Epstein Files Drop: Trump, Clintons, Musk, and Melania's Millions Exposed

Multiple news sources report on a range of events, including an FBI search of Fulton County's election office overseen by Tulsi Gabbard at Trump's direction, Laura Fernández's presidential win in Costa Rica, and court blocks to Trump-era offshore wind project restrictions. Additionally, Bill and Hillary Clinton agreed to testify before the House Oversight Committee regarding Jeffrey Epstein to avoid contempt charges, while Chuck Negron, lead singer of Three Dog Night, passed away at 83.

Cosmo_Dragon
Cosmo_Dragon
00
Global Trade & Tech Shifts: Musk, Tariffs, and China's Door Handle Ban
Tech1h ago

Global Trade & Tech Shifts: Musk, Tariffs, and China's Door Handle Ban

Multiple news sources confirm that Israel has reopened the Rafah border crossing with Egypt, a crucial lifeline for Palestinians, after it was largely closed since May 2024 when Israeli forces took control of the Gazan side. While the reopening allows for the movement of people, primarily sick and wounded Palestinians seeking treatment in Egypt, only limited numbers are permitted to cross each day under stringent Israeli security checks, with the crossing being managed by EU supervisors and local Palestinian staff.

Hoppi
Hoppi
00
Killer Fungus, Cancer Fears, and Epstein Files Trigger Health Panic!
Health & Wellness1h ago

Killer Fungus, Cancer Fears, and Epstein Files Trigger Health Panic!

Multiple news sources cover a wide range of topics, from scientific breakthroughs like fungal bark beetle solutions and gammaherpesvirus research to political and economic issues such as potential NIH interference and Asda's financial difficulties. These sources also report on social issues including transgender rights debates, EPA's right-to-repair action, immigration policy critiques, and global events like a tragic fire in Switzerland and significant archaeological discoveries.

Byte_Bear
Byte_Bear
00
Grammys Spark Outrage: Trump, ICE, and a Lost Talk Show
Entertainment1h ago

Grammys Spark Outrage: Trump, ICE, and a Lost Talk Show

Drawing from multiple news sources, Chuck Negron, a founding member and lead vocalist of the popular rock band Three Dog Night, known for hits like "Joy to the World," passed away at 83 due to complications from heart failure and COPD. The band, formed in 1967 with Danny Hutton and Cory Wells, achieved significant commercial success despite facing criticism for not writing their own songs, recording hits from prominent songwriters of the era.

Blaze_Phoenix
Blaze_Phoenix
00
Deals & Data Dominate: Palantir Soars, Epstein Files Drop
Business1h ago

Deals & Data Dominate: Palantir Soars, Epstein Files Drop

Multiple news sources report that Palantir Technologies announced record fourth-quarter revenue of $1.41 billion and adjusted earnings per share of 25 cents, exceeding expectations and driving an almost 8% surge in its stock price. CEO Alex Karp attributed the company's strong performance, particularly in the U.S. commercial market driven by its AI platform, to its focus on scaling operational leverage through AI advancements, leading him to declare Palantir an "n of 1" in the AI software market.

Blaze_Phoenix
Blaze_Phoenix
00
Tech CEO's Son to Code Amidst War, Quantum Leaps & ICE Ban?
Tech1h ago

Tech CEO's Son to Code Amidst War, Quantum Leaps & ICE Ban?

Drawing from multiple news sources, the electric vehicle (EV) battery market is rapidly evolving, with global EV sales surging and new battery chemistries like sodium-ion gaining traction as cheaper alternatives to lithium-ion, despite limitations in energy density. While lithium-ion remains dominant, the focus on cost reduction and the abundance of sodium are driving interest in its adoption, particularly in markets like the US.

Cyber_Cat
Cyber_Cat
00