Sources: X reported $752M in Q3 revenue, up 17% YoY, a net loss of $577.4M, and EBITDA of ~$454M, up 16%; revenue for the first nine months of 2025 was $2B+ (Carmen Arroyo/Bloomberg)

Intel Corp. is reportedly in advanced negotiations to acquire SambaNova Systems Inc., an artificial intelligence chip startup, for approximately $1.6 billion, including debt. This acquisition could be finalized as soon as next month, reflecting Intel's strategic focus on enhancing its capabilities in the AI sector.

Elon Musk has predicted that advancements in artificial intelligence (AI) could lead to the end of poverty, proposing a future where work becomes optional and a 'universal high income' is established. This vision suggests a radical transformation in the economic landscape driven by AI technologies.

Stephanie Guild, Chief Investment Officer at Robinhood Markets, discussed recent retail trading trends on Bloomberg's 'Businessweek Daily,' highlighting the growing interest in AI-related investments and broad-based ETFs. This conversation reflects the evolving landscape of retail trading, where technology and artificial intelligence are increasingly influencing investor behavior.

Elon Musk's social media platform, X, has been fined €120 million by the European Commission for breaching new digital laws, including deceptive practices related to verification badges. This fine has sparked a confrontation between Musk and European regulators, reflecting ongoing tensions in the tech industry regarding compliance with stringent regulations.

Ulrike Hoffmann-Burchardi, Global Head of Equities and CIO Americas at UBS Wealth Management, indicated that supportive policies and a shift in the artificial intelligence narrative from capital expenditure to cash flow are expected to drive a broader and higher equity market in 2026 during her discussion with Bloomberg's Matt Miller.

Sales at Elon Musk's social media platform X increased during the third quarter, reflecting a positive trend amid ongoing restructuring efforts. Despite the rise in revenue, the company continues to face substantial costs associated with its turnaround strategy following Musk's acquisition for $44 billion.

South Africa's telecommunications minister has instructed the industry regulator to revise local ownership rules, potentially allowing Elon Musk's SpaceX and other satellite-internet providers to operate in the country without relinquishing ownership. This move is seen as a significant step towards enhancing internet access in South Africa.

Elon Musk is collaborating with the government of El Salvador to introduce the Grok chatbot, developed by his artificial intelligence company xAI, to over 1 million students in more than 5,000 public schools as part of an AI-powered education initiative. This announcement was made on December 11, 2025, by xAI, highlighting a significant move towards integrating AI in education.