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OpenAI and SoftBank Co-invest $1 Billion
OpenAI and SoftBank Group announced a $1 billion co-investment into SB Energy on 9th January, to accelerate the buildout of AI infrastructure. SB Energy will construct and manage a 1-gigawatt data center facility in Milam County, Texas, which was initially announced in September. The investment is part of the broader Stargate initiative announced last January, which targets $500 billion in total capital deployment. The partnership combines SoftBank and Ares Management's expe
4 days ago1 min read


xAI Raises $20 Billion
Elon Musk's xAI closed a $20 billion Series E funding round on January 6, 2026, exceeding its original $15 billion target. The round included backing from Valor Equity Partners, Stepstone Group, Fidelity, Qatar Investment Authority, and strategic investors like Nvidia and Cisco. The company now sits at a $230 billion valuation. In 2025, OpenAI raised $40 billion, Anthropic raised $13 billion, and Project Prometheus launched with $6.2 billion. Roughly 15 AI companies collectiv
5 days ago1 min read


India's Tech Ministry Issues Formal Notice to X Over Grok AI Safeguards
India's Ministry of Electronics and Information Technology issued a formal notice to X on January 1 flagging serious lapses in how the platform is managing Elon Musk's Grok AI chatbot. The government has directed X to undertake a comprehensive technical and governance review of Grok's prompt processing and output generation, with a requirement to submit a detailed action taken report within 72 hours. Rather than allowing companies to self-regulate AI safety, the government i
6 days ago1 min read
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