Elon Musk takes a shot a new $6.2 billion AI rival

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.

Tesla investors have shown strong support for CEO Elon Musk, with approximately 75% voting in favor of a groundbreaking pay package that could potentially reward him with $1 trillion if he significantly increases the company's value. This decision reflects the confidence shareholders have in Musk's vision for Tesla's future.

Elon Musk announced that his xAI artificial intelligence startup plans to develop a 500 megawatt data center in Saudi Arabia in collaboration with Humain, the kingdom’s state-backed AI venture. The announcement was made during a US-Saudi investment forum in Washington, where Musk was joined by Nvidia CEO Jensen Huang, indicating a significant partnership in the AI sector.

Profluent has successfully raised $106 million to enhance the application of its artificial intelligence models in the fields of drug development and agriculture. This funding aims to make proteins programmable, potentially revolutionizing these industries.

Elon Musk announced that the Tesla Cybercab, which is designed without a steering wheel or pedals, is set to enter production in April. However, Tesla currently lacks the necessary regulatory exemption to legally sell the vehicle, raising questions about the feasibility of this ambitious project.

Elon Musk attended a dinner hosted by former President Donald Trump for Saudi Crown Prince Mohammed bin Salman, signaling a potential reconciliation between Trump and the Saudi leadership. This event reflects ongoing efforts to strengthen ties between the U.S. and Saudi Arabia, particularly in light of recent discussions surrounding significant investments and defense agreements. Musk's presence at the dinner highlights his influential role in the tech and business sectors, especially as he navigates relationships with global leaders.

Elon Musk and Jensen Huang are set to discuss artificial intelligence at the upcoming US-Saudi investment forum. This event highlights the growing interest and investment in AI technologies, particularly in the context of international collaboration between the United States and Saudi Arabia. The forum aims to foster partnerships and explore opportunities in the rapidly evolving tech landscape.

Elon Musk's artificial intelligence company, xAI, is reportedly in advanced discussions to raise $15 billion, aiming for a valuation of $230 billion, according to the Wall Street Journal. This funding round reflects the increasing interest and investment in AI technologies, highlighting Musk's ongoing influence in the tech sector. The potential investment could significantly bolster xAI's capabilities and market position as it competes in a rapidly evolving industry.