Saudi Prince Pumps $3B into Musk’s Growing AI Empire - Moby BREAKING NEWS Saudi Arabian AI company Humain announced a fresh $3 billion in funding for Elon Musk’s xAI as part of the firm’s Series E. Since Musk’s other venture, SpaceX, decided to “acquire” xAI, the combined company is valued at a whopping $1.25 trillion. Humain itself is backed by Saudi Arabia’s Public Investment Fund (PIF), and the Crown Prince Mohammed bin Salman himself. Because this latest round occurred before the merger's closing, ...

Spanish energy company Repsol plans to sharply expand its oil production in Venezuela after receiving authorization from the U.S. Treasury to operate in the country. Chief executive Josu Jon Imaz told investors that the company expects gross oil production in Venezuela to rise by more than 50% over the next 12 months, with ambitions to triple output within three years. Repsol produced 71,300 barrels of oil equivalent per day in Venezuela last year, up from 67,000 barrels the previous year. The permit f ...

Real estate and crypto entrepreneur Eric Trump said on Thursday that the crypto world is going to be the future of mainstream finance despite the rout of recent months. During a wide-ranging interview with Yahoo Finance, Trump weighed in on bitcoin, crypto legislation, his personal debanking experience, and the latest digital asset project between the Trump Organization and his flagship crypto venture, World Liberty Financial. "First of all, markets aren't always rational," Trump said while speaking fr ...

When Nvidia (NVDA) expresses interest in any company, investors should pay attention. According to a recent 13F-filing, Nvidia has invested a hefty amount of around $7.9 billion in Intel (INTC), now holding 214,776,632 shares of INTC stock. The timing is not random. Intel has been in the spotlight as it rebuilds its foundation for the artificial intelligence (AI) age. This investment signals Nvidia's confidence in Intel's comeback story. More News from Barchart INTC stock is up 21% so far this year, ou ...

Billionaire investor Dan Loeb's prominent hedge fund, Third Point, recently disclosed that in the fourth quarter it had acquired 475,000 shares of a huge electricity producer, Constellation Energy (CEG), for $167.8 million. Given data centers' huge appetite for electricity and Constellation's ability to cater to their needs, CEG looks like a good buy for certain types of investors in particular at this point. Additionally, CEG looks well-positioned to benefit from Washington's multifaceted views on energ ...

Popular investor Cathie Wood sold shares of software company Unity Software (U). Wood’s investment machine, Ark Invest (ARKK), shed over 486,000 shares of Unity’s stock, most likely to reduce exposure to the software industry. Additionally, Ark Invest has expanded its exposure to crypto-linked platforms, fintech, and gene editing. The software industry is facing growing concerns about artificial intelligence (AI) replacing software use. The market faced renewed concerns after AI firm Anthropic released n ...

Johnson & Johnson is preparing a potential sale of the orthopedics unit that it has been planning to separate, with big buyout firms already circling, according to people familiar with the matter. The business, known as DePuy Synthes, could be valued at more than $20 billion in a sale, the people said, asking not to be identified discussing confidential information. Most Read from Bloomberg J&J is assembling documents and financials for DePuy Synthes before it meets with possible buyers in the coming w ...

On February 04, 2026, TrueWealth Financial Partners disclosed a new position in First Trust Managed Municipal ETF (NASDAQ:FMB), making it one of the firm’s top holdings as reported in its 13F for the fourth quarter. What happened According to a SEC filing dated February 04, 2026, TrueWealth Financial Partners purchased 248,749 shares. The estimated transaction value, based on the average trading pricing during the quarter, was $12.7 million. This made FMB a top position in the fund, representing 11% of r ...

He told "When Shift Happens" that Ethereum could benefit as a Bitcoin diversifier while touting its ability to earn yield. He also said that the asset was earlier in its adoption curve than Bitcoin. He said many institutions had yet to truly understand it, comparing it to Bitcoin in 2019.Trade cryptocurrency and stocks on Kraken Pro, an advanced trading platform offered by Kraken, one of the world's most established cryptocurrency exchanges. The platform offers advanced order type and deep liquidity to help ...

Feb 19 (Reuters) - Advanced Micro Devices is set to provide a $300 million loan guarantee for cloud computing startup Crusoe ‌to buy and deploy its AI chips, The Information ‌reported on Thursday, following in the footsteps of rival AI giant Nvidia . AMD backstopped the ​deal by offering to lease back its own chips from Crusoe if the startup is unable to secure customers such as AI developers, The Information said, citing people with knowledge of the deal. The loan ‌from Goldman Sachs will ⁠be backed b ...