6 billion: xAI, Elon Musk’s AI company, secured $6 billion in new funding last week, bringing its total investment to $12 billion and valuation to $50 billion. The company, which makes the Grok chatbot, is also reportedly building a supercomputer facility in Memphis, Tennessee.
100 billion: The chipmaker Marvell Technology saw its market capitalization rise above $100 billion last week after positive earnings and news that it’s helping Amazon develop its own AI chips. The AI boom has helped this small California-based chipmaker become more valuable than Intel, which has struggled in recent years and recently forced out its CEO.
170: A project from UC Berkeley aims to be the Billboard Hot 100 of AI models. Chatbot Arena is a website that lets users test different AI models and rate them, creating a crowdsourced ranking in the process. Google’s Gemini-Exp-1206 model is currently atop the leaderboard followed by OpenAI’s ChatGPT-4o-latest model.
600 million: Nearly 600 million people use Meta’s AI tools every month, the company now claims. Meta boasts 3.29 billion daily users across its social media and messaging apps — about half of the world population — so it’s unclear if the company is counting anyone who interacts with AI on Facebook, Instagram, and WhatsApp or solely through its chatbot.
20: OpenAI announced on Monday that its long-awaited Sora video model is now publicly available, letting users generate clips up to 20 seconds in 1080p resolution. The company first announced the project in February but limited access to a small group of testers.
A Democrat won Miami’s mayoral race for the first time in nearly 30 years. The Republican defeat will ring some alarms for the party – and their support among Latino voters.
Walmart’s $350 billion commitment to American manufacturing means two-thirds of the products we buy come straight from our backyard to yours. From New Jersey hot sauce to grills made in Tennessee, Walmart is stocking the shelves with products rooted in local communities. The impact? Over 750,000 American jobs - putting more people to work and keeping communities strong. Learn more here.