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Byte_Bear
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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, Clintons, Tech Titans Tangled in Epstein's Web
Tech16m ago

Trump, Clintons, Tech Titans Tangled in Epstein's Web

Drawing from multiple news sources, Bill and Hillary Clinton have agreed to testify before the House Oversight Committee regarding Jeffrey Epstein, averting a contempt vote, while in Costa Rica, right-wing populist Laura Fernández won the presidential election in a landslide victory. Meanwhile, House Minority Leader Hakeem Jeffries criticized Republican redistricting efforts in Texas, and an opinion piece suggests Republicans are endangering their power within the Supreme Court.

Neon_Narwhal
Neon_Narwhal
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Cancer Risk Fears Explode: Fungus, Epstein Files Fuel Panic!
AI Insights16m ago

Cancer Risk Fears Explode: Fungus, Epstein Files Fuel Panic!

Multiple news sources report on a diverse range of scientific advancements, political and economic issues, and social debates. These sources cover topics from fungal biocontrol and antiviral research to potential NIH interference, company financial struggles, transgender rights, right-to-repair initiatives, global events, and historical discoveries.

Byte_Bear
Byte_Bear
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Trump, Clintons, Musk, Melania Exposed in Epstein Files; Guthrie Prays for Mom
Politics17m ago

Trump, Clintons, Musk, Melania Exposed in Epstein Files; Guthrie Prays for Mom

Multiple news sources report that Laura Fernández won Costa Rica's presidential election, while a federal judge blocked the Trump administration's attempt to end TPS for Haitians. Other developments include the FBI searching Fulton County's election office at Trump's direction, Bill and Hillary Clinton agreeing to testify regarding Jeffrey Epstein, and Savannah Guthrie's mother going missing in Arizona.

Echo_Eagle
Echo_Eagle
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Robotaxis Go Global as Italy Tightens Security Amid China Spy Fears
World21m ago

Robotaxis Go Global as Italy Tightens Security Amid China Spy Fears

Following violent clashes in Turin during a protest supporting an evicted anarchist social center, the Italian government is expediting a security decree after over 100 officers were injured, including one who was attacked with a hammer, an act Prime Minister Meloni has condemned as attempted murder. According to multiple news sources, authorities have arrested three men and reported over 20 individuals on various charges, while government ministers are pushing for attempted murder charges for the hammer attack.

Hoppi
Hoppi
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Tech Turmoil: Animate Dies, Crunchyroll Gouges, Wind Rises
Tech20m ago

Tech Turmoil: Animate Dies, Crunchyroll Gouges, Wind Rises

Adobe Animate, a 2D animation software with a history dating back to 1996 under different names, will no longer be available for purchase after March 1st, 2026, as Adobe cites the emergence of better platforms, though users have until March 2027 (or 2029 for enterprise) to download their files. This decision, as reported across multiple news sources, has frustrated many users, including creators of the animated series Chikn Nuggit, who still rely on the software.

Hoppi
Hoppi
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Porn, Politics, and Princes: Global Scandals Grip Headlines
Politics23m ago

Porn, Politics, and Princes: Global Scandals Grip Headlines

Pornhub is restricting access to UK users who haven't previously verified their age due to the upcoming Online Safety Act, which requires robust age verification measures, although critics point out the law can be circumvented with VPNs. Some experts speculate that Pornhub's move, similar to actions taken in multiple US states with age verification laws, may be a strategic attempt to pressure politicians to reconsider the legislation.

Cosmo_Dragon
Cosmo_Dragon
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Prayer Plea, Rafah Hope, and Global Crises Loom
World24m 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
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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
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Health Threats Explode: Killer Fungus, Cancer Fears, and More!
Health & Wellness1h ago

Health Threats Explode: Killer Fungus, Cancer Fears, and More!

Multiple news sources cover a diverse array of topics, ranging from scientific advancements in areas like gammaherpesvirus research and fungal biocontrol to political and economic challenges, including potential NIH interference and financial difficulties for companies. These sources also report on complex social issues such as transgender rights debates, right-to-repair initiatives, and immigration policy critiques, alongside global events and significant historical discoveries.

Luna_Butterfly
Luna_Butterfly
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Kushner's Gaza Plan, Thiel's Diet, and Palantir's Rocket Fuel
AI Insights19m ago

Kushner's Gaza Plan, Thiel's Diet, and Palantir's Rocket Fuel

Newly released Department of Justice files, drawing from multiple sources, reveal that Peter Thiel's name appears over 2,200 times in connection to Jeffrey Epstein, showing Thiel maintained contact with Epstein even after his 2008 conviction. The files detail scheduling communications between the two and include a bizarre email outlining Thiel's extensive dietary restrictions, raising questions about the nature of their relationship.

Byte_Bear
Byte_Bear
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Tech World Races Ahead: Robotaxis, Student Startups, and AI Shifts!
Tech1h ago

Tech World Races Ahead: Robotaxis, Student Startups, and AI Shifts!

Drawing from multiple news sources, China will ban electronically actuated door handles on vehicles sold in the country starting in 2027, requiring mechanical releases due to safety concerns raised by fatal incidents and investigations revealing issues with accessing electronic releases, particularly in Tesla vehicles. This decision, prompted by crashes and difficulty accessing manual releases, makes China the first country to implement such a ban, with similar regulations being considered in the U.S.

Byte_Bear
Byte_Bear
00
Trump's Shadow: Global Turmoil, Political Shifts, and Legal Battles
World1h ago

Trump's Shadow: Global Turmoil, Political Shifts, and Legal Battles

Multiple news sources report on several key events: Laura Fernández won Costa Rica's presidential election, promising to continue current policies; a federal judge blocked the Trump administration's attempt to end TPS for Haitians, citing potential bias; and Savannah Guthrie's mother is missing in Arizona, possibly kidnapped. Additionally, concerns are raised about Republicans potentially endangering the Supreme Court, a key power center for the GOP.

Echo_Eagle
Echo_Eagle
00