The FOX Posts

Elon Musk has said a report that his artificial intelligence (AI) company , xAI, has secured $500 million in commitments from investors toward a $1 billion goal is inaccurate. "This is simply not accurate," he said in a reply to a user post about the Bloomberg article on social media platform X. The artificial intelligence (AI) startup xAI is discussing a valuation of $15 billion to $20 billion, though terms could still change in the coming weeks, Bloomberg report ed, citing people familiar with the matter. xAI could not immediately be reached for comment. Musk and investors are expected to finalize terms in the next couple of weeks, and some parties are evaluating whether they can get computing power in addition to, or in some cases instead of, xAI equity shares, Bloomberg report ed. Last December, Musk said his artificial intelligence company was not raising funds, a day after the startup filed with the US securities regulator to raise up to $1 billion in an equ...

Tanzania's government has signed a controversial port management deal with a Dubai-based company that had fueled protests in the African country and led to arrests of dozens of critics NAIROBI, Kenya -- Tanzania's government signed a controversial port management deal with Dubai- based DP World that had fueled protests in the African country in the past months and led to arrests of dozens of critics. The deal was signed on Sunday in the presence of Tanzania’s President Samia Suluhu Hassan, who has recently been accused of cracking down on critics such as her predecessor, the late John Magufuli. Tanzania Ports Authority Director General Plasduce Mbossa said that DP World, based in the United Arab Emirates, will only operate four berths of the Dar es Salaam Port, located in the country's financial capital, and not the entire port. Its performance would be reviewed every five years for a total contractual period of 30 years. The opposition and civil society have proteste...