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3 days ago | 
devicedaily.com | Seher Dareen |Pooja Desai |Sandra Maler
Elon Musk’s xAI startup just bought X for $45 billion
Elon Musk said on Friday that his xAI has acquired X, the social media app formerly known as Twitter, in an all-stock transaction for $45 billion, including $12 billion in debt. “xAI and X’s futures are intertwined.
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1 week ago | 
reuters.com | Seher Dareen
A drone view of an oil tanker at Petrobras distribution terminal operated by Transpetro, the largest oil and gas transportation company of Brazil in Sao Sebastiao, in the state of Sao Paulo, Brazil January 4, 2025.
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1 week ago | 
marketscreener.com | Shariq Khan |Seher Dareen
NEW YORK (Reuters) - Oil prices rose around 1% on Friday and were set for their first weekly gains since mid-April as a U.S. trade deal with United Kingdom turned investors optimistic ahead of talks between top officials from Washington and Beijing. Brent crude rose by 61 cents, or 1%, to $63.45 a barrel by 12:29 p.m. ET (1629 GMT). U.S. West Texas Intermediate crude was up 57 cents, or about 1%, at $60.48. Week-over-week, both benchmarks were on track to rise about 4%.
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1 week ago | 
businesslive.co.za | Stephanie Kelly |Seher Dareen
New York — Oil prices rose about 3% on Thursday, buoyed by hopes of a breakthrough in looming trade talks between the US and China, the world’s two largest oil consumers. Brent crude futures settled up $1.72, or 2.8%, at $62.84 a barrel. US West Texas Intermediate crude rose $1.84, or 3.2%, to $59.91. US treasury Secretary Scott Bessent will meet China’s top economic official on May 10 in Switzerland for negotiations on a trade war that is disrupting the global economy.
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1 week ago | 
theglobeandmail.com | Seher Dareen
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1 week ago | 
zawya.com | Seher Dareen
Oil prices pared gains on Wednesday but rose for a second session, finding support from positive investor sentiment over U.S.-China trade talks to be held this weekend and signs of lower U.S. shale output. Brent crude futures climbed 41 cents a barrel, or around 0.7%, to $62.56 a barrel by 1219 GMT, while U.S. West Texas Intermediate crude was up 48 cents, or 0.8%, at $59.57 a barrel.
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1 week ago | 
theglobeandmail.com | Seher Dareen
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1 week ago | 
money.usnews.com | Seher Dareen
By Seher DareenLONDON (Reuters) -Oil prices pared gains on Wednesday but rose for a second session, finding support from positive investor sentiment over U.S.-China trade talks to be held this weekend and signs of lower U.S. shale output. Brent crude futures climbed 41 cents a barrel, or around 0.7%, to $62.56 a barrel by 1219 GMT, while U.S. West Texas Intermediate crude was up 48 cents, or 0.8%, at $59.57 a barrel.
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1 month ago | 
usatoday.com | Laila Kearney |Seher Dareen
NEW YORK, April 7 (Reuters) - U.S. electric utilities are fielding massive requests for new power capacity as Big Tech scours the country for viable locations for new data centers to keep up with the compute demands of AI.
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1 month ago | 
ksl.com | Greg Bensinger |Tatiana Bautzer |Seher Dareen |JASPREET SINGH |Juby Babu |Krystal Hu
NEW YORK — Elon Musk's xAI artificial intelligence firm has acquired Musk's X, the social media outfit formerly known as Twitter, for $33 billion, marking the latest twist in the billionaire's rapid consolidation of power. The all-stock deal announced on Friday combines two of Musk's multiple portfolio companies, which also include automaker Tesla and SpaceX, and potentially eases Musk's ability to train his AI model known as Grok.
