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Elon Musk denies $500m investment in xAI amid valuation talks

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As per Bloomberg, Musk and investors plan to settle terms in the coming weeks, with ongoing discussions about the possibility of obtaining computing power alongside or instead of xAI equity shares.

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Jane Street asks US court to toss Terraform’s insider trading suit

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Jane Street has filed to dismiss Terraform’s insider trading suit, arguing the reasons for Terra’s collapse have already been litigated.

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US vows to fight ‘industrial scale’ AI theft by Chinese firms

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The White House’s office of technology policy said that foreign entities are using proxy accounts and jailbreaking techniques to distill capabilities from American AI models.

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Morgan Stanley launches stablecoin offering through money market fund

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Stablecoin issuers must invest a minimum of $10 million into Morgan Stanley’s money market fund, MSNXX, to access the stablecoin reserve offering.

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