Elon Musk’s artificial intelligence startup xAI is expected to close a massive $15 billion funding round in December. The deal would value the company at $230 billion pre-money, according to sources familiar with the matter. This comes despite Musk previously calling reports about the funding “false
Amazon just committed $50 billion to government AI projects as UBS predicts global AI spending will hit $375 billion this year. Meanwhile, IBM is quietly positioning itself to dominate the emerging quantum computing market that could be worth $170 billion annually by 2040.
The investor who predicted the 2008 crash now sees AI as the next major market mispricing. His analysis reveals a massive $3 trillion infrastructure build-out chasing uncertain returns, with striking parallels to the telecom bubble.
While overall identity fraud attempts decreased slightly in 2025, sophisticated attacks using AI and deepfakes jumped 180%. The report calls this the “sophistication shift” where fraud becomes fewer but more damaging.
Britain’s Department for Science, Innovation & Technology is launching a major cloud procurement worth up to £250 million. The deal aims to integrate commercial cloud capacity with the country’s flagship supercomputers to support AI research across academia and industry.
Apple’s next major iOS update will reportedly focus on fixing bugs and improving quality rather than adding flashy new features. This comes after many users experienced problems with the current iOS 26 release. The shift represents a significant change in Apple’s software development strategy.
Asia-Pacific markets are poised for a higher open Tuesday, tracking Wall Street’s tech rebound. The rally was fueled by Alphabet’s AI announcements and potential Federal Reserve rate cuts in December. Japan’s Nikkei futures indicate significant gains.
Major game studios are increasingly using generative AI in their AAA titles. From Ubisoft’s loading screens to Call of Duty’s calling cards, the human touch is being systematically replaced.
A well-funded AI industry super PAC is mobilizing $10 million to push for uniform national AI policy. The campaign comes as the White House works to suppress state-level AI regulations through must-pass spending bills.
Apple is reportedly planning a performance-focused iOS 27 update for next year, modeled after the beloved Mac OS X Snow Leopard. The update will prioritize bug fixes while still delivering new AI features including a health agent and web search alternative to ChatGPT.
