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Saudi Arabia's Humain Invests $3 Billion in Elon Musk's xAI Ahead of SpaceX Merger

Saudi Arabia's AI company Humain invested $3 billion in Elon Musk's xAI during its Series E funding round, just before xAI merged with SpaceX. The investment made Humain a significant minority shareholder, with holdings converted into SpaceX shares. The move deepens Saudi Arabia's AI ambitions and its strategic ties with Musk as the kingdom seeks to diversify its economy beyond oil.

Startups6 sources

Saudi Arabia's Humain Invests $3 Billion in Elon Musk's xAI Ahead of SpaceX Merger

Startups6 sources

Palo Alto Networks CEO says enterprise AI adoption lags consumers by years, coding assistants only

Palo Alto Networks CEO Nikesh Arora revealed that enterprise AI adoption significantly trails consumer uptake, with coding assistants being the only widespread business application. Despite posting $2.6 billion in Q2 revenue with 15% year-over-year growth, the cybersecurity giant is preparing for an AI-driven future through strategic acquisitions including Koi and the $25 billion CyberArk deal.

Technology4 sources

Palo Alto Networks CEO says enterprise AI adoption lags consumers by years, coding assistants only

Technology4 sources

Palo Alto Networks acquires Koi Security for $400M to advance agentic endpoint security

Palo Alto Networks has acquired Koi Security, a file security startup, for a reported $400 million to bolster its AI security capabilities. The Tel Aviv-based startup, which raised $48 million from Battery Ventures, specializes in protecting enterprises from risky file downloads and securing AI agent usage on endpoint devices. The acquisition strengthens Palo Alto Networks' Prisma AIRS and Cortex XDR platforms.

Technology2 sources

Palo Alto Networks acquires Koi Security for $400M to advance agentic endpoint security

Technology2 sources

Eric Trump Backs Israeli Drone Maker XTEND's $1.5B Merger to Bring AI Defense Robotics to Nasdaq

Eric Trump is investing in a $1.5 billion merger between Israeli drone maker XTEND and Florida-based JFB Construction Holdings. The deal aims to take XTEND public on Nasdaq under the ticker XTND, providing investors exposure to autonomous defense systems. The merger positions AI defense robotics as Wall Street's next major investment frontier.

Business2 sources

Eric Trump Backs Israeli Drone Maker XTEND's $1.5B Merger to Bring AI Defense Robotics to Nasdaq

Business2 sources

Mistral AI acquires Koyeb in first deal to accelerate its cloud infrastructure push

Mistral AI, valued at $13.8 billion, has acquired Paris-based Koyeb to strengthen its position as a full-stack AI provider. The deal brings serverless deployment technology and 13 engineers to accelerate Mistral Compute, the company's AI cloud infrastructure platform launched in June 2025. This marks Europe's push to build sovereign AI infrastructure independent of U.S. hyperscalers.

Business5 sources

Mistral AI acquires Koyeb in first deal to accelerate its cloud infrastructure push

Business5 sources

xAI faces safety crisis as Elon Musk defends eliminating dedicated teams amid employee exodus

Elon Musk confirmed that xAI has no dedicated safety team, arguing that safety is embedded across all roles rather than managed by a separate department. The statement follows mass employee departures and controversy over Grok's generation of over 1 million sexualized images, including deepfakes of real women and minors, raising concerns about governance and safety practices.

Technology2 sources

xAI faces safety crisis as Elon Musk defends eliminating dedicated teams amid employee exodus

Technology2 sources

AI Film School Trains Next Generation of Hollywood Moviemakers Amid Industry Transformation

Curious Refuge, an online AI film school launched in May 2023, has trained 10,000 students in AI skills for filmmaking as Hollywood workers race to adapt. The school teaches AI production techniques to entertainment professionals seeking new career paths, even as a 2024 study predicts nearly 120,000 jobs could be affected by generative AI by year's end.

Entertainment2 sources

AI Film School Trains Next Generation of Hollywood Moviemakers Amid Industry Transformation

Entertainment2 sources

Capgemini bets on AI transformation as generative AI bookings hit 10% of quarterly sales

French IT services giant Capgemini exceeded its 2025 revenue target, reaching €22.47 billion, as AI-powered services accelerated in Q4. CEO Aiman Ezzat revealed that generative and agentic AI now account for over 10% of bookings, up from 5% earlier in the year. The company projects 6.5%-8.5% revenue growth in 2026, fueled by AI-led transformation programs and its recent WNS acquisition.

Business2 sources

Capgemini bets on AI transformation as generative AI bookings hit 10% of quarterly sales

Business2 sources

Check Point acquires three startups for over $150M to strengthen AI security and MSP offerings

Check Point Software Technologies acquired Cyata, Cyclops, and Rotate in Q1 2026 for an estimated $150 million-plus. The cybersecurity vendor aims to lead in end-to-end AI security with Cyata's agent discovery platform, expand exposure management through Cyclops' CAASM capabilities, and accelerate MSP market growth with Rotate's team.

Business3 sources

Check Point acquires three startups for over $150M to strengthen AI security and MSP offerings

Business3 sources

GlobalFoundries beats estimates, bets big on Physical AI as data center chips fuel growth

GlobalFoundries reported Q4 revenue of $1.83 billion and forecast Q1 revenue above Wall Street expectations, driven by strong chips demand from data centers. The company announced a $500 million share buyback program and revealed its silicon photonics revenue doubled to over $200 million, with plans to nearly double again this year as it pivots toward Physical AI.

Business2 sources

GlobalFoundries beats estimates, bets big on Physical AI as data center chips fuel growth

Business2 sources

Half of xAI's founding team exits as Elon Musk calls departures necessary reorganization

Six of xAI's 12 co-founders have now left Elon Musk's AI company, with at least 11 engineers departing in recent days. Musk frames the exits as strategic reorganization for scale, but the departures come amid regulatory scrutiny over Grok AI's content issues and a pending IPO following the SpaceX merger.

Business36 sources

Half of xAI's founding team exits as Elon Musk calls departures necessary reorganization

Business36 sources

Nebius Acquires Tavily for $275 Million to Power Next-Generation AI Agents with Real-Time Search

Cloud computing provider Nebius has agreed to acquire Tavily, a specialist in agentic search technology, for $275 million. The deal aims to integrate real-time search infrastructure into Nebius's AI cloud platform, addressing a critical need as enterprises rapidly adopt autonomous AI agents for tasks ranging from coding to financial trading.

Technology5 sources

Nebius Acquires Tavily for $275 Million to Power Next-Generation AI Agents with Real-Time Search

Technology5 sources

Workday co-founder Aneel Bhusri returns as CEO as AI transformation pressures mount

Workday announced a sudden CEO change with co-founder Aneel Bhusri returning to lead the company after Carl Eschenbach's two-year tenure ended abruptly. The leadership change comes as Workday faces mounting pressure from a 40% stock decline and struggles to execute its AI strategy. Bhusri, who controlled the company since 2009, will receive a $138.8 million compensation package to steer the human resources software giant through what he calls the biggest transformation since the shift to cloud computing.

Business6 sources

Workday co-founder Aneel Bhusri returns as CEO as AI transformation pressures mount

Business6 sources

Elon Musk merges SpaceX with xAI to build AI data centers in space, creating $1.25 trillion entity

Elon Musk announced the merger of SpaceX and xAI, creating a $1.25 trillion tech conglomerate that aims to launch satellite data centers in space. The deal values SpaceX at $1 trillion and xAI at $250 billion, with an IPO expected in June. While Musk claims space-based AI compute will become the lowest-cost option within two to three years, experts question the technological feasibility and timeline of launching up to a million satellites to serve as orbital data centers.

Business4 sources

Elon Musk merges SpaceX with xAI to build AI data centers in space, creating $1.25 trillion entity

Business4 sources

Williams Companies explores gas-producing assets to secure AI energy supply for hyperscalers

Williams Companies is considering acquiring natural gas production assets in the U.S., marking a rare move for an energy infrastructure operator. The Tulsa-based firm aims to position itself as a single energy partner to hyperscalers and AI data centers, offering an integrated solution from gas production through power generation as demand for AI infrastructure surges.

Business2 sources

Williams Companies explores gas-producing assets to secure AI energy supply for hyperscalers

Business2 sources

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