The past 24 hours have been huge for the artificial intelligence world. From billion-dollar deals to fresh EU investments and major IPO shifts, the AI space is heating up fast. Here’s your need-to-know roundup of the top AI news making headlines right now.
Elon Musk’s xAI Acquires X in $45 Billion AI Power Move
In a bold move that’s reshaping the AI and social media landscape, Elon Musk’s AI startup, xAI, has officially acquired X (formerly Twitter) in a $45 billion all-stock deal.
Valuing xAI at $80 billion and X at $33 billion (including $12 billion in debt), the merger signals a deep integration between AI innovation and social media data. Musk says the two companies’ “futures are intertwined,” with plans to unify their data, models, and engineering talent.
xAI’s chatbot Grok, already integrated with X, is expected to play a central role in the platform’s future—pushing it beyond a social network and into a fully AI-enhanced information hub.
EU Announces €1.3 Billion Investment in AI, Cybersecurity, and Digital Skills
Europe is stepping up its game. The European Commission has pledged €1.3 billion ($1.4 billion USD) toward AI, cybersecurity, and digital education as part of its Digital Europe Programme for 2025–2027.
This investment aims to boost European tech sovereignty and reduce dependency on foreign AI infrastructure. Key focus areas include advanced AI development, data security, and upskilling the workforce in digital competencies.
“Securing European tech sovereignty starts with investing in advanced technologies,” said Henna Virkkunen, EU’s digital chief.
CoreWeave’s IPO Hits a Wall Despite AI Boom
CoreWeave, the AI cloud computing firm backed by Nvidia, had a rough start on the public market. Despite enormous hype and revenue surging to $1.9 billion in 2024, its Nasdaq debut disappointed, closing flat after dipping up to 6%.
The company slashed its projected IPO valuation by 22%, landing at $23 billion—down from earlier forecasts. Market analysts cite concerns about heavy debt (over $8 billion), high-interest rates, and over-dependence on Microsoft (which accounts for 62% of its revenue).
It’s a stark reminder that even in a red-hot AI market, profitability and balance sheets still matter.
Scale AI Eyes $25 Billion Valuation in Tender Offer
Another AI unicorn is making headlines. Scale AI, a California-based data labeling startup backed by Nvidia, Meta, and Amazon, is reportedly targeting a $25 billion valuation in an upcoming tender offer.
The company’s success lies in providing accurate and massive datasets—the lifeblood of modern AI training. With generative AI models demanding clean, labeled data at scale, Scale AI is emerging as one of the sector’s most valuable enablers.
Meta’s CTO Calls AI Race “The New Space Race”
Meta’s Chief Technology Officer, Andrew Bosworth, has compared the AI race to the Cold War-era space race, urging the U.S. to move faster to compete globally—especially with China.
Bosworth stressed that AI has immense power to solve real-world problems like cybersecurity, but cautioned that slow progress or overregulation could leave Western nations behind. His comments reflect growing industry calls for strategic urgency.
Anthropic Wants to Build “Benevolent AI” — But Can It?
Dario Amodei, CEO of Anthropic, says his company is working on creating an artificial general intelligence (AGI) that’s not just powerful—but ethical. Anthropic’s AI model, Claude, is expected to surpass human-level intelligence in core reasoning tasks within the next two years.
But the focus isn’t just speed—it’s safety. The company is pushing for global AI safety standards to ensure the technology uplifts society rather than threatens it.
As AGI edges closer to reality, Anthropic is positioning itself as a leader in both innovation and responsibility.
Final Thoughts: AI Is Moving Fast—And Everyone’s Racing to Keep Up
Whether it’s Elon Musk merging social media with AI, the EU ramping up its digital future, or startups chasing billion-dollar valuations, one thing is clear—AI is no longer the future. It’s the present. And the race is just getting started.
Stay tuned for more real-time updates on the AI space as innovation accelerates across the globe.