Alphabet is taking on OpenAI with a gusto that underscores Wall Street’s perception that the Google parent is the leader in AI.
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The transaction values SpaceX at $1-trillion, and xAI at $250-billion, according to a person familiar with the matter.
Appliance and smart home giant, China’s Haier Group, has officially launched in South Africa.
Elon Musk is weighing merging SpaceX, xAI and possibly Tesla as investors assess a trillion-dollar AI gamble.
The rand is stronger against the US dollar than it was a decade ago as a falling dollar and surging gold price lift the local currency.
SpaceX is reportedly weighing a mid-June initial public offering, aiming to raise as much as $50-billion.
The improving currency should help drive down prices for software and hardware, including computers and phones.
Intel has warned it can’t meet AI data centre demand, forecasting weaker results and sending shares sharply lower.
Oracle has been accused of concealing its need to sell significant additional debt to build out its AI infrastructure.
Ethiopian Airlines has begun construction of what officials say will be Africa’s biggest airport when completed.