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Musk Seeks $20B to Fuel AI Dreams

Elon Musk is setting out on another gigantic mission, raising $20B for a $120B valuation for XAI Holdings, a merger of X and xAI

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Musk chases $20B funding

Image: Reuters

Elon Musk is back with another moonshot, this time aiming to raise $20 billion for XAI Holdings, the fusion of X (formerly Twitter) and his AI venture, xAI. If the deal lands, XAI would be valued at over $120 billion, making it the second-largest startup funding round ever, right behind OpenAI’s $40 billion raise. Some of the cash could help pay down the mountain of debt Musk racked up during his Twitter takeover, where interest costs alone now top $1.3 billion a year.

Talks are still early, and insiders hint the target could rise even higher. But the message is loud and clear: investors are still hungry for AI bets — especially when Musk is behind the wheel. Despite Tesla’s rocky ride, Musk’s private empire keeps soaring. SpaceX, for instance, now claims a $350 billion valuation. With XAI, Musk could be gearing up for his next giant leap.

TODAY IN AI
Anthropic's DMCA issue benefits OpenAI

Image: Anthropic

In the high-stakes duel between Anthropic’s Claude Code and OpenAI’s Codex CLI, goodwill seems to be tilting in OpenAI’s favor, and not by accident. Anthropic, playing it close to the chest, slapped a DMCA takedown notice on a developer who tried reverse-engineering Claude Code, which operates under a strict commercial license with obfuscated source code. Meanwhile, OpenAI’s Codex CLI is living its best open-source life under an Apache 2.0 license, welcoming developer tweaks — even allowing integrations with rival AI’s like Anthropic’s own models.

The developer community wasn’t impressed with Anthropic’s heavy-handed move, especially as OpenAI, ironically, is winning points for openness after a history of closed-door practices. While Anthropic stayed silent (and Claude Code remains buggy and beta), OpenAI is capitalizing on the good vibes and maybe, just maybe, rewriting its own story about open-source after admitting it had been on the “wrong side of history.”

SYNC FAST

Gmail gets sleeker on mobile! Android tablets now have a flexible slider for resizing panes, and iOS gets a fresh Material Design 3 makeover. Bonus: Gemini’s AI image generator is landing in Gmail’s sidebar for Workspace users. Emails just got a creative boost!

Microsoft’s Recall is finally live! Now rolling out to all Copilot Plus PCs, Recall captures snapshots of your activity for smarter, AI-powered search — but it's opt-in for privacy peace of mind. Windows search gets a big AI boost too, and the new "Click to Do" tool lets you circle text or images for instant actions, just like Google’s Circle to Search!

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TECH SYNC
Chromebooks are about to get a lot faster

Image: Qualcomm

Chromebooks are gearing up for a serious upgrade, and it’s about time. Buried deep in the Chromium codebase, sharp-eyed developers spotted a hint: support is coming for Qualcomm’s new Snapdragon X Plus chips. That’s big news, because until now, Arm-powered Chromebooks have been more about battery life than raw power. Remember the sluggish Snapdragon 7c? Yeah, not exactly thrilling.

The X Plus, while not Qualcomm’s flagship, still packs a hefty 45 TOPS of AI muscle, the same punch as its fancier sibling. If all goes well, ChromeOS devices could finally close the performance gap without sacrificing their marathon battery life. A new era of fast, efficient Chromebooks might just be around the corner.

MORE TO KNOW

Windows 11 is testing a new voice typing update that lets you finally disable the profanity filter, no more annoying asterisks! Microsoft is also adding a new Surface Pen shortcut to trigger the Click to Do feature for quick text and image actions. Both features are rolling out to Windows Insiders now, with a wider release expected in the coming months.

GADGETS
GPU prices are breaking the bank

Image: Nvidia

Guess what’s back? Insane GPU prices — and they’re uglier than ever.

Silicon Valley’s Central Computers just offered a $600 Radeon RX 9070 XT for... $850. And they’re not alone. Across retailers and eBay, AMD and Nvidia cards are soaring $100, $200, and even $1,000 markups. An Nvidia RTX 5090, listed at $2,000, now sells for over $3,000 if you can find one.

April 2025 numbers tell the story: street prices for GPUs like the Radeon RX 9070 XT are nearly $1,000, and Nvidia’s "affordable" 5070 is pushing $700. But here’s the kicker — there’s no buying frenzy. Only about 1,100 Nvidia and 266 AMD new cards moved on eBay this month. Blame scalpers, early price gouging and brace yourself: new tariffs kicking in May 2nd could push prices even higher. Stores like Shein and Temu are already hiking prices ahead of the storm.

Even AMD’s so-called “MSRP” models are a mirage. Supposed $599 cards are hitting $800 across Newegg, Micro Centre, Amazon, and Best Buy — if they’re in stock at all.

It’s a flashback to the pandemic days when GPUs tripled in price. So here’s the real question: Should we start posting "GPU weather reports" again, or just holler when the waters are finally safe to swim?

Did You Know? By 2028, about 33% of enterprise software will feature autonomous AI agents that can independently plan and complete tasks-up from less than 1% in 2024-revolutionizing how businesses make daily decisions and operate

Till next time…