Got Billion? Elon's AI Startup X.AI Does!

And It's Just the Beginning!

December 12, 2023

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Elon Musk's AI venture, X.AI, is making waves by aiming to raise a whopping $1 billion in a fresh equity offering. The startup, on a mission to "understand the true nature of the universe," recently introduced Grok, a sassy chatbot with a rebellious streak. Competing with giants like OpenAI and Google, X.AI boasts a team featuring talent from DeepMind, OpenAI, and Tesla. Musk, always the multitasker, heads X, Tesla, SpaceX, Twitter, Neuralink, and the Boring Company. With Musk's characteristic flair, X.AI is set to redefine AI while shaking up the investment landscape.

Zara's latest ad campaign, "The Jacket," is under fire, with 50 complaints to the Advertising Standards Authority, accusing it of resembling images from the Israel-Gaza conflict. The social media campaign features a model against a backdrop of destruction. Some claim the scenes mirror those from Gaza. Zara hasn't responded to the BBC's inquiry, but the Atelier line's campaign is no longer on their app or site. The ASA is reviewing complaints, though not currently investigating. This follows M&S's recent apology for a controversial Instagram post about the Palestinian flag.

McDonald's is gearing up for a massive worldwide expansion, eyeing 50,000 locations by 2027—25% more than today. But it's not just about supersizing; the fast-food giant plans to spice things up with tech and a major delivery focus. Canada's in for a treat, set to host new Mickey D's, with the company seeing ample growth opportunities there. In the U.S., they're aiming for 900 new spots, while internationally, 1,900, including in Canada, Australia, Germany, and the UK. Looks like the Golden Arches are going for gold in global domination!

Elon's wild tweets are burning a $75 million hole in Twitter's pocket as big shots like Airbnb and Coca-Cola hit the brakes on ads. Turns out, it's not just IBM and Disney – internal memos spill the beans on over 200 brands, from Amazon to Microsoft, thinking of ghosting the platform. Twitter says it's just $11 million at risk, but who's counting? This ad apocalypse couldn't come at a worse time, messing up their holiday quarter – you know, when they usually swim in ad money. Brands are ditching Twitter faster than you can say "tweets with consequences."

So, SXSW, the ultimate startup fiesta, wasn't born from genius but a failed New York music plan. Back in '87, during Spring Break, the founders turned the slowest music week into a hit. From 700 peeps to 60,000 badge holders today, they're the OG trash-to-treasure story. The lesson? Entrepreneurs, like rockstars, turn overlooked ideas into gold—persistently. SXSW isn't just celebs; it's where Twitter and Obama happened. So, if you're a startup, SXSW isn't a festival; it's a launchpad. Apply for Pitch; who knows, you might be the next Siri or Klout. Rock on, startup dreamers!

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