What I Read This Week…

xAI acquires X, Nvidia is developing light-based networking switches to connect millions of GPUs, the U.S. electrical grid is deteriorating, and cells use electricity to induce cellular processes

Watch All-In Episode 221 Watch our Interview with Treasury Secretary Scott Bessent Watch our Interview with Commerce Secretary Howard Lutnick Read our Short Dive: The Trump Administration’s Fiscal Strategy Caught My Eye… xAI has acquired X in an all-stock transaction valuing xAI at $80 billion and X at $33 billion under a new holding company that combines both entities. The synergy of this deal is that X's shareholders get a stake in xAI's increased valuation, and xAI gets full access to X's data and user network to train Grok. xAI raised $6 billion in late 2024 valuing xAI at $45…

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