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Musk's XAI deal offers unexpected win for X investors

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Bible Verses of the Day

26 Likewise the Spirit helps us in our weakness. For we do not know what to pray for as we ought, but the Spirit himself intercedes for us with groanings too deep for words. 27 And he who searches hearts knows what is the mind of the Spirit, because the Spirit intercedes for the saints according to the will of God. [Romans 8:26-27, ESV]

What's in this week's issue?

  • 🥇 Musk's XAI deal offers unexpected win for X investors

  • 💫 Christian Business Spotlight

  • 🗞️ AI News

  • 🧰 AI Tools

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Elon Musk just acquired the social network formerly known as Twitter for the second time in three years. Musk, the world’s richest person, on March 28 used his artificial intelligence startup, xAI, to purchase his social media platform in an all-stock deal that values X at $33 billion, not including debt. The new joint entity, which will be called XAI Holdings, has a value of more than $100 billion, again excluding debt, Bloomberg News reported.

The deal was a surprise, but not necessarily shocking: The two businesses have worked together closely since xAI’s founding in 2023, including on data licensing and product distribution for xAI’s chatbot, Grok. They also share many of the same investors, and in some cases, employees even share office space in Palo Alto.

Christian Business Spotlight

🔐 Easy Cloud Security - Best Managed Service Provider (MSP) in Southern CA. IT services for schools, healthcare offices, and growing businesses.

🎒 Choice Academics - Academic counseling to help homeschoolers get into their dream college.

AI News

  • 🔥 Sam Altman firing drama detailed in new book excerpt (link)

  • 💸 OpenAI just raised another $40 billion round led by SoftBank (link)

  • 🎮️ Amazon unveils Nova Act, an AI agent that can control a web browser (link)

  • 🦾 A lighter, smarter magnetoreceptive electronic skin (link)

  • ⌛️ ChatGPT “added one million users in the last hour.” (link)

AI Tools

  • 🛠️ Neweb.AI: Build elegant websites easily using AI (link)

  • 📈 Tidio: Accelerate your growth with AI customer service (link)

  • 🏆️ TinyGains: Build lasting habits with tiny daily wins (link)

  • 🐋 Beluga: Christian sermon and lecture transcripts, translations and more (link)

  • 🌎️ Snov: Sales engagement on autopilot - we find, we reach, you seal the deal (link)

Easy Cloud News

  • 🔐 New! Easy Cloud Security - IT services for schools, healthcare offices, and growing businesses (link)

  • 🎒 New! Choice Academics - Academic consulting for Homeschoolers (link)

  • ⛅️ Easy Cloud’s Services (link)

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The Gospel Coalition

Listen or read the following transcript as Richard Coekin speaks on A Door of Opportunity from Luke 13.

The following unedited transcript is provided by Beluga AI.

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