xAI to Raise $20 Billion After Nvidia and Others Boost Round

xAI to Raise $20 Billion After Nvidia and Others Boost Round

Watch Scarlet and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Ed Ludlow, BTech Co-Anchor, discusses news that Elon Musk’s artificial intelligence startup xAI is raising more financing than initially planned, tapping backers including Nvidia Corp. to lift its ongoing funding round to $20 billion.

- Matthew Schettenhelm, Bloomberg Intelligence Media Litigation Analyst, discusses his research on why TV broadcasters likely won’t win easing of FCC's caps in October.

- Woo Jin Ho, Bloomberg Intelligence Senior Technology Analyst, discusses highlights from Dell investor day. He also talks about how legacy tech companies are finding their footing with AI.

-Steve Man, Bloomberg Intelligence Global Autos and Industrials Research Analyst, discusses the latest autos news. He discusses BMW shares sliding the most since November after the company lowered its financial guidance on weak sales in China and tariff costs. He also talks about Tesla introducing new versions of its top-selling models priced at under $40,000 to counteract the loss of US incentives for electric cars.

See omnystudio.com/listener for privacy information.

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Instant Reaction: Judge Rejects Subpoenas of Fed in Powell Case, DOJ to Appeal 

Instant Reaction: Judge Rejects Subpoenas of Fed in Powell Case, DOJ to Appeal 

Jeanine Pirro vowed to continue her investigation of Federal Reserve Chair Jerome Powell after a judge rejected subpoenas issued to the central bank, threatening to delay the confirmation of Kevin War...

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Adobe CEO to Step Down in Face of Investor Concerns Over AI

Adobe CEO to Step Down in Face of Investor Concerns Over AI

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Dick’s Projects Sales Growth at Namesake Stores, Foot Locker

Dick’s Projects Sales Growth at Namesake Stores, Foot Locker

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Nvidia Invests $2 Billion in Nebius for New Data Center Deal

Nvidia Invests $2 Billion in Nebius for New Data Center Deal

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Ackman’s Pershing Square Seeks Up to $10 Billion in NYSE IPO

Ackman’s Pershing Square Seeks Up to $10 Billion in NYSE IPO

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Live Nation Reaches DOJ Settlement in Antitrust Case

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BlackRock’s $26 Billion Private Credit Fund Limits Withdrawls

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Morgan Stanley Cuts Jobs Across All of Its Business Lines

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