Lambda, which rents access to AI chips, raised a $1.5B Series E led by TWG Global, after raising $500M in April 2024, taking its total funding to $2.3B (Belle Lin/Wall Street Journal)

Elon Musk's AI company xAI is reportedly in advanced discussions to raise $15 billion in funding, which would elevate its valuation to $230 billion, according to the Wall Street Journal. This funding round reflects the company's rapid growth and ambition in the artificial intelligence sector.

AI music platform Suno has successfully raised $250 million in funding, led by Menlo Ventures, bringing its valuation to $2.45 billion, a significant increase from approximately $500 million in 2024. The company also reported an annual revenue of $200 million, indicating strong financial growth and market presence.

Adobe has announced plans to acquire Semrush, a company listed on the NYSE that specializes in search engine optimization, for $1.9 billion in cash, paying $12 per share. This acquisition comes as the demand for AI-driven solutions in digital marketing continues to rise, with Semrush providing essential tools for businesses like Amazon and TikTok.

Crypto miners, particularly IREN, are transitioning to AI data centers as demand for artificial intelligence surges. IREN's stock, which fell to approximately $1 in 2022, has skyrocketed by 300% in 2025, resulting in a market capitalization exceeding $13 billion. This shift highlights the growing intersection between cryptocurrency mining and AI technology.

Kuaishou reported a 14% year-over-year increase in Q3 revenue, reaching approximately $5 billion, while net profit surged by 37% to around $632 million, surpassing estimates of $588 million. This growth was primarily driven by an increase in advertising revenue and the success of its Kling AI video generator.

A recent audit of 186,000 articles from 1,500 American newspapers reveals that approximately 9% of newly published articles are partially or fully AI-generated. This use of AI is more prevalent in smaller, local newspapers and specific topics like weather and technology. Additionally, opinion pieces from major publications such as the Washington Post, New York Times, and Wall Street Journal are 6.4 times more likely to contain AI-generated content compared to standard news articles. Despite its growing presence, AI usage in journalism is rarely disclosed.

xAI, the artificial intelligence startup founded by Elon Musk, is reportedly in advanced discussions to raise $15 billion, which would elevate its valuation to $230 billion. This marks a significant increase from the $113 billion valuation reported following its merger with X in March 2025. The funding is crucial as xAI aims to enhance its Grok chatbot, which has been rapidly consuming cash in its development efforts.

Lambda, a provider of AI data center services, has successfully raised $1.5 billion in funding, surpassing expectations following a significant deal with Microsoft. This funding round is part of Lambda's ongoing efforts to expand its capabilities and offerings in the AI sector, reflecting strong investor confidence in the company's growth potential.