Elon Musk's AI company, xAI, has secured $6 billion in a Series C funding round, bringing its total funding to $12 billion. The round was led by Andreessen Horowitz, Blackrock, Fidelity, and other prominent investors, with Kingdom Holdings contributing approximately $400 million. This investment values xAI at $45 billion, nearly double its previous valuation.

Source: https://techcrunch.com/category/fintech/

AMD is set to hold a press conference at CES 2025, where it is expected to unveil its next-gen GPU, possibly as part of the RX 8000 or RX 9000 series, to compete with Nvidia's RTX 5000 announcement.

Source: https://techcrunch.com/category/fintech/

The holiday season is a good time to help loved ones improve their cybersecurity by sharing good security advice and making meaningful changes to protect them from common online threats.

Source: https://techcrunch.com/category/fintech/

Kruze Consulting analyzed data from 450 seed-stage startups and found that technical engineering/product positions tend to be paid more than CEOs, while COO/operations roles are paid even higher on average.

Source: https://techcrunch.com/category/fintech/

GV, a venture firm backed by Google, has invested in 800 companies over the last five years, with a total investment of over $10 billion across its 15-year history.

Source: https://techcrunch.com/category/fintech/

OpenAI has considered building a humanoid robot, having previously invested in robotics companies and having a robotics division that was closed in 2021.

Source: https://techcrunch.com/category/fintech/

Onyx Motorbikes has been revived by its original founder, Tim Seward, one year after its owner James Khatiblou's sudden death. The brand is selling 100 electric dirtbikes, but it's unclear if they are new or part of a previous batch.

Source: https://techcrunch.com/category/fintech/

A consortium of investors has acquired the operating assets of Lilium's two subsidiaries, Lilium GmbH and Lilium eAircraft GmbH, after the electric air taxi startup ceased operations and laid off 1,000 employees.

Source: https://techcrunch.com/category/fintech/

ProducePay, a Los Angeles-based startup, has raised $38 million to address food waste in the produce supply chain.

Source: https://techcrunch.com/category/fintech/

Elon Musk's Grok chatbot is a unique AI that can discuss polarizing political theories and conspiracies, unlike other chatbots. It has a rebellious streak and a bit of wit, making it stand out from other AI models.

Source: https://techcrunch.com/category/fintech/