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Elon Musk Combined SpaceX and xAI

In the rare mega-merger of companies run by the same guy, Musk has brought together his rocket company, which has been planning an IPO, and his AI company, which is best known for Grok, the off-color chatbot that’s good at generating NSFW images. Sources told Bloomberg that the deal, which merges two of the world’s largest private companies, values the combined company at $1.25 trillion. Musk said the tie-up would help him put data centers in space, funding bases on the moon and a colony on Mars. He also said the combination would provide scale “to make a sentient sun to understand the Universe and extend the light of consciousness to the stars!” Morning Brew

Announcing Grok 3 and Grok 3 Mini on Azure AI Foundry

Microsoft and xAI are thrilled to unveil the availability of Grok 3 and Grok 3 Mini into the Azure AI Foundry Models, marking a significant milestone in AI accessibility and innovation. This collaboration combines xAI’s cutting-edge models with Azure’s enterprise-ready infrastructure, giving developers access to Grok 3’s advanced capabilities in a secure, scalable environment.  Grok models enable a range of enterprise scenarios with advanced capabilities in reasoning, coding, and visual processing. Announcing Grok 3 and Grok 3 Mini on Azure AI Foundry | Azure AI Foundry Blog

 

What Are Stablecoins and How Do They Work?

Stablecoins are less volatile than other cryptocurrencies (like Bitcoin) and due to crypto assets’ inherent instability, stablecoins are growing in popularity with both crypto and traditional markets. Stablecoins are a type of crypto asset, but one that offers a way to bridge the gap between fiat currencies like the U.S. dollar and cryptocurrencies. Because they are price-stable digital assets that behave like fiat but maintain the mobility and utility of cryptocurrency, stablecoins are a novel solution to crypto volatility: price stability is built directly into the assets themselves.  There are four primary stablecoin types, identifiable by their underlying collateral structure: fiat-backed, crypto-backed, commodity-backed, and algorithmic stablecoins.  What Are Stablecoins and How Do They Work? | Gemini