Elon Musk’s company xAI has successfully raised $10 billion to enhance its artificial intelligence operations, intensifying its competition with OpenAI. The funding, which is a mix of secured debt and equity investments, will aid in the expansion of xAI's supercomputer in Memphis and the development of its Grok chatbot. This fundraising round was reportedly oversubscribed, indicating strong interest from investors. Meanwhile, Musk's ongoing conflict with former President Donald Trump has resurfaced, with Trump criticizing Musk for allegedly relying on government subsidies. In response, Musk distanced himself from federal support, suggesting an end to governmental handouts. The feud highlights Musk's increasing political engagement, as he calls for less government intervention and criticizes government spending. Additionally, discussions in Congress are focusing on potential tax relief for cryptocurrency transactions, which could impact the crypto landscape significantly.

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