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Elon Musk’s xAI is raising $10 billion from investors in a round that values the artificial intelligence startup at $200 billion, sources with direct knowledge of the situation told CNBC’s David Faber.It’s the latest example of skyrocketing valuations for companies developing foundational AI models. Earlier this month, Anthropic raised $13 billion at a $183 billion valuation. OpenAI, the largest company in the industry, held a secondary share sale that valued it at $500 billion.The fundraising comes weeks after Musk raised $10 billion in debt and equity at what was believed to be a roughly $150 billion valuation, according to Faber.…

Kevin Durant #35 of the Phoenix Suns looks on during the second half against the Houston Rockets at PHX Arena on March 30, 2025 in Phoenix, Arizona. Chris Coduto | Getty ImagesNBA star Kevin Durant has regained access to his bevy of bitcoins, years after getting locked out of his Coinbase account. “We got this fixed. Account recovery complete,” Coinbase CEO Brian Armstrong said Friday in a social media post, replying to a tweet about Durant being locked out of his account on the cryptocurrency exchange. The message comes just a few days after Durant and his agent Rich Kleiman joked about…

As inflation drives up the cost of most goods and services, gas is one of the few things that hasn’t gotten more expensive, and it might even get cheaper this fall.The national average for a gallon of gas in the U.S. was $3.17 as of Monday, down about two cents from the week before, according to the U.S. Energy Information Administration.”For many Americans, the fourth quarter … is going to hold a lot of promise for gas prices declining in many areas,” says Patrick De Haan, head of petroleum analysis at GasBuddy.De Haan says gas prices, which typically decline in…

Pattern Group, one of the leading resellers on Amazon, took the plunge into the public markets Friday and saw its stock rise slightly in its Nasdaq debut.Trading under the ticker “PTRN,” the stock opened at $13.50 after the company sold shares at $14 in its IPO, the middle of the expected range. The shares closed up 11% at $15.63 on Friday.Pattern’s offering raised $300 million, with half the proceeds going to investors, and valued the company at about $2.5 billion.The Utah-based company was founded by husband-and-wife duo David Wright and Melanie Alder in 2013 as iServe Products before it changed…

Check out the companies making the biggest moves midday: Brighthouse Financial — The insurance company soared 26% after Bloomberg News reported, citing people familiar with the matter, that a group led by Aquarian Holdings was in talks to pay $65 to $70 per share for Brighthouse Financial. Scholastic — The publisher’s stock fell nearly 11%. Scholastic posted a loss per share of $2.52 for the fiscal first quarter, excluding items, wider than the loss of $2.13 per share seen in the same period a year prior. Newmont , Orla Mining — Shares of Newmont and Orla Mining moved in opposite…

LOS ANGELES (AP) — The last two remaining dates in singer d4vd’s U.S. tour and multiple stops in his upcoming European tour have been removed from ticketing websites, as authorities continue to investigate the discovery of the decomposed body of a teenage girl in Los Angeles. Police have not said d4vd (pronounced “David”) is implicated in the death of Celeste Rivas Hernandez, whose body was found inside an impounded Tesla earlier this month. Celeste, 15, was reported missing last year. Several news outlets have reported that the vehicle was registered to d4vd, whose real name is David Anthony Burke, 20.…

ATLANTA (AP) — Lawyers for a Spanish-language journalist who has been in immigration detention in Georgia since June said Friday they’re worried his deportation could be imminent after an appeals panel reopened an old immigration case against him and ordered him sent back to El Salvador.Local police just outside Atlanta arrested Mario Guevara while he was covering a protest on June 14, and he was turned over to U.S. Immigration and Customs Enforcement. An immigration judge in July granted him bond, but he remained in custody while the government appealed.All criminal charges filed against Guevara after his arrest have been…

The spiritual leader of Eastern Orthodox Christians, speaking Friday before a New York audience, defended his 2019 decision to recognize an independent church in Ukraine, and he denounced the Russian Orthodox Church as giving a “ringing endorsement to the invasion of Ukraine.”Ecumenical Patriarch Bartholomew of Constantinople made the remarks before the Council on Foreign Relations during a stop on his 12-day visit to the United States. It also included meetings with President Donald Trump and other political leaders.Bartholomew has long been critical of the Russian Orthodox Church and its support for the full-scale Russian invasion of Ukraine in 2022.He reiterated…

Sep 19, 2025, 12:31 PM ETWrexham’s non-executive director Shaun Harvey has labelled speculation that Phil Parkinson’s job is at risk as an “absolute disgrace,” and insisted that the club will not “panic” despite a poor start to the season.Parkinson has led Wrexham to three straight promotions but after a tough start to life in the Championship — the Welsh side are 21st in the second tier with one win from five games — a local newspaper reported that owners Ryan Reynolds and Rob Mac had held talks over the manager’s future.But Harvey has said that Parkinson has the board’s full…

MEXICO CITY (AP) — Carmen Chávez has a clear answer for those wondering why she and her partner chose to get married on Sept. 19 — the anniversary of two deadly earthquakes that struck Mexico 32 years apart.“This was a tragic date for me,” said Chávez, who remembers how buildings collapsed in downtown Mexico City 40 years ago. “So I want to give this day a new meaning. From now on, it will mark the beginning of our life together.”There is no official consensus on the overall death toll from the 1985 and 2017 earthquakes. Some estimates put the total…