Elon Musk’s artificial intelligence venture, xAI, has achieved a remarkable milestone with a $50 billion valuation following its recent funding round. Backed by major investors such as the Qatar Investment Authority, Valor Equity Partners, Sequoia Capital, and Andreessen Horowitz, xAI raised $5 billion, doubling its valuation since earlier this year. This brings its total funding for 2024 to an astounding $11 billion. Musk’s ambitions for AI innovation are starting to reshape the tech landscape. 🌍💡.....

Sky Xu, founder and CEO of fast-fashion giant Shein, is stepping out from behind the curtain to engage in his first face-to-face meetings with potential investors in the U.S. This comes as Shein prepares for a potential Initial Public Offering (IPO) in London, after plans for a New York listing collapsed. Shein, known for its ultra-cheap apparel and rapid global expansion, is now navigating a maze of geopolitical and regulatory pressures as it inches closer to going public.....