Elon Musk's xAI in talks to raise $15 billion at $230 billion valuation

Bloomberg's Caroline Hyde and Ed Ludlow discuss investor expectations ahead of Nvidia's earnings report. Nvidia CEO Jensen Huang and Tesla CEO Elon Musk are set to speak at the US-Saudi Investment Forum. Additionally, Brookfield Asset Management aims to secure $10 billion in commitments for a global AI infrastructure program in partnership with Nvidia and Kuwait's wealth fund.

Saudi Arabia has entered into a partnership with Elon Musk's artificial intelligence company, xAI, to establish a data center in the kingdom. This collaboration aims to enhance Saudi Arabia's technological infrastructure and support its ambitions in the AI sector. The deal signifies a growing interest in AI technologies within the region, aligning with the country's broader economic diversification goals.

OpenAI has launched GPT-5.1-Codex-Max, an advanced model aimed at managing extensive context and executing complex engineering tasks that may take up to twenty-four hours. This update enhances the coding environment, allowing for improved efficiency and problem-solving capabilities in software engineering.

Elon Musk announced that his artificial intelligence startup, xAI, plans to develop a 500 megawatt data center in Saudi Arabia in collaboration with the state-backed AI startup Humain. The data center will utilize Nvidia chips, marking a significant investment in the region's AI infrastructure.

Elon Musk's xAI plans to establish a 500 megawatt data center in Saudi Arabia in collaboration with the state-backed AI venture Humain, utilizing chips from Nvidia Corp. This initiative is part of a broader strategy to enhance AI capabilities in the region.

A new benchmark from Artificial Analysis has highlighted significant weaknesses in the factual reliability of large language models, with only four out of 40 models tested achieving a positive score. Google's Gemini 3 Pro emerged as the leader in this evaluation, despite high rates of hallucinations.

Larry Summers has resigned from the board of OpenAI following the release of his email exchanges with Jeffrey Epstein. The decision comes amid growing scrutiny over his past associations and public commitments.

Microsoft has launched Agent 365, a new platform aimed at helping organizations manage their AI agents as integral parts of their workforce. This initiative is designed to enhance operational efficiency by allowing businesses to deploy and oversee AI agents similarly to human employees.