Nvidia reported record revenue, surpassing Wall Street estimates and raising its guidance for the current quarter. This performance reflects strong demand for its products, particularly in the AI sector, which has been a significant driver of growth for the company.

Executives from Musk's xAI and Nvidia announced plans to develop a data center in Saudi Arabia during a gathering that included President Trump and Crown Prince Mohammed bin Salman. This initiative aims to enhance the region's artificial intelligence capabilities.

Larry Summers has resigned from the board of OpenAI following revelations of his correspondence with convicted sex offender Jeffrey Epstein. This decision has prompted Harvard University to initiate a review of Summers, who previously served as its president, amid growing criticism regarding his past associations.

AI music platform Suno has achieved a valuation of $2.45 billion after raising $250 million in funding. The company reports an annual revenue of $200 million, indicating strong growth in the competitive AI music industry.

Adobe has announced a $1.9 billion acquisition of Semrush, a software provider that assists businesses, including major companies like Amazon and TikTok, with search-engine optimization and marketing strategies. This deal highlights Adobe's commitment to enhancing its digital marketing capabilities.

Kuaishou, China's second-largest short-video platform, has reported profits that exceed estimates, largely due to significant investments in artificial intelligence as competition in the sector intensifies.

Elon Musk's AI startup, xAI, is reportedly in advanced discussions to raise $15 billion, which would significantly increase its valuation. The company is currently investing heavily in enhancing its Grok chatbot, similar to other AI startups that are also facing high cash burn rates as they develop their technologies.

Brookfield is in the process of raising $10 billion to establish a new AI infrastructure fund. The initiative has attracted significant interest from major investors, including Nvidia and the Kuwait Investment Authority. This move highlights the growing demand for investment in artificial intelligence technologies and infrastructure, reflecting a broader trend in the technology sector.