📊 XTX builds $1B AI data center bet to trade markets smarter

XTX Markets is building a $1B+ complex of 5 AI data centers in Finland. The goal is to train larger models and predict price moves more accurately.

The firm runs deep learning systems across stocks, FX, bonds, derivatives and crypto. It trades about $250B daily. Instead of renting compute, XTX is building its own infrastructure to control costs and secure capacity.

Competitors are doing the same. Jane Street put $1B into CoreWeave and signed a $6B compute deal. This has turned into an infrastructure race around AI.

XTX’s trading is not just prediction. It runs market making, earning the spread between bid and offer, and trades deviations, betting prices return to normal patterns.

The company is unusually lean. Around 250 employees handle volumes that rivals manage with thousands.

There are no outside investors. At least 75% belongs to Alex Gerko, so profits stay inside and fund large bets like data centers.

This is a shift in how the industry competes. Speed stopped being the edge. Model quality and compute became the game.

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📊 AI-linked company valuations push past $5T milestone

Nvidia crossed $5T in market cap, Google reached $4T, and Apple remains near $4T despite a leadership change. Tesla’s valuation is tied to AI bets like robotaxi and Optimus.

Private players are not yet reflected in public markets. OpenAI was last valued around $800B, while Anthropic is trading above $1T on secondary markets.

Capital is concentrating in AI across both public and private companies.

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Ⓜ️ China blocks Meta’s $2B Manus startup acquisition over security review

China’s NDRC has banned Meta’s $2 billion acquisition of Manus, citing a foreign investment security review without naming Meta. The deal, announced in December, must be canceled.

Manus develops advanced VR gloves for virtual reality, which Meta planned to use in its metaverse projects.

The ban likely responds to US chip export restrictions. Chinese authorities also barred two Manus founders from leaving.

Meta says the deal complies with laws and expects a fair outcome.

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SanDisk stock is up 3000% over the past year, bringing its market cap to $154B as AI demand spreads beyond Nvidia.

For most consumers, SanDisk is a USB flash drive brand. But the company also produces memory used in data centers for AI workloads.

As AI systems scale, demand for storage grows alongside compute.

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💰 AlphaGo creator launches $1.1B AI startup to build “superlearners”

David Silver, who led AlphaGo at DeepMind, has started Ineffable Intelligence with $1.1B in seed funding at a $5.1B valuation.

The company focuses on reinforcement learning, where AI learns through trial and error. The goal is to build systems that develop their own capabilities instead of relying on human data like large language models.

Silver argues current AI relies on human knowledge, which limits progress. Training agents inside simulations could let them learn directly from interaction and discover new solutions on their own.

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🗼 UAE exits OPEC to boost output as war disrupts oil markets

The UAE will leave OPEC on May 1, ending its participation in the group that coordinates oil supply. The country produces about 3% to 4% of global oil.

The decision removes production limits set by the cartel. Current quotas capped output around 3.2M barrels per day, with room to increase significantly without restrictions.

Officials say the timing is linked to the Strait of Hormuz disruption, which limits immediate market impact.

The move gives the UAE full control over production as pressure builds on OPEC unity.

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🤖 Anthropic hits $1 trillion valuation

Anthropic shares reached a $1 trillion valuation on the secondary market, surpassing OpenAI's $880 billion, per Forge Global.

The rise follows the Mythos deal and Pentagon tensions, boosting demand for Anthropic stock.

Its value jumped from $380 billion in February to $1 trillion, showing strong investor interest.

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🤖 Musk Drops Most Claims Against OpenAI, Keeps Two Worth $134B

Elon Musk cut his lawsuit against OpenAI from 26 claims to just two before jury selection started in Oakland federal court. He seeks $134 billion in damages and wants OpenAI’s non-profit status restored, plus removal of CEO Sam Altman and Greg Brockman.

OpenAI shifted from a non-profit to a commercial model, which Musk alleges involved fraud and breach of a charitable trust. The lawsuit centers on whether OpenAI misled Musk and violated its original mission.

Musk says focusing on two claims helps jurors get to the core issues. OpenAI says it looks forward to proving its case and questioning Musk under oath. The trial is set to begin soon.

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❤️ OpenAI models expand to AWS after exclusivity shift with Microsoft

OpenAI has made its models available to Amazon Web Services clients after ending its long-standing cloud exclusivity with Microsoft.

The models were previously limited to Microsoft Azure. Microsoft still keeps exclusive rights to OpenAI products delivered via API.

Amazon committed up to $50B to OpenAI in February, while Microsoft holds a 27% stake.

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📱 Meta backs space solar startup to power data centers at night

Meta signed a deal with Overview Energy to supply 1 GW of solar power using satellites. The contract size is not disclosed.

Overview plans to collect solar energy in space, convert it into infrared light, and beam it to solar plants on Earth. This allows energy delivery at any time, not just during daylight.

The company has already tested beam transmission from an aircraft. The first satellite test is planned for January 2028, with deployments for Meta closer to 2030 and a target of around 1000 satellites in geostationary orbit.

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🏳️‍🌈 Google signs deal to provide AI for classified Pentagon work

Google has agreed to supply its AI models for classified use by the Pentagon, joining OpenAI and xAI. Similar contracts reached up to $200M each in 2025.

The agreement allows use for any lawful government purpose on classified networks, including areas like mission planning. Google will also adjust safety filters at the government’s request.

The contract excludes domestic mass surveillance and autonomous weapons without human oversight, but does not give Google control over government decisions.

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🤖 White House may block Anthropic’s Mythos

The White House may block Anthropic from expanding access to its AI model Mythos due to limited computing power. This could restrict the Pentagon’s ability to use Mythos.

Anthropic is on the US blacklist, barring government use of its products. The White House is drafting an order to let agencies bypass this for critical infrastructure protection.

This reflects complex politics around AI access and national security.

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⚖️ Musk vs OpenAI trial begin

Elon Musk is suing OpenAI, Sam Altman, and Greg Brockman in Oakland, claiming OpenAI broke its nonprofit mission by becoming a commercial company valued at $800 billion.

Musk says he donated $38 million to a nonprofit, but the funds built a commercial entity.

Musk admitted he barely read a 2018 document on OpenAI’s structure and once called its nonprofit status a “possible mistake.”

He also tried to merge OpenAI with Tesla before cutting funding and recruiting AI talent away.

The trial continues, with Brockman expected to testify next.

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⚖️ Musk’s xAI $97B OpenAI Bid Sparks Court Drama

Elon Musk’s financial manager Jared Birchall testified about a $97.4 billion bid by xAI to buy OpenAI’s nonprofit assets. The bid aimed to set a market price ahead of OpenAI’s planned IPO. Birchall claimed Sam Altman conflicted by leading both OpenAI’s commercial side and influencing asset valuation.

The court had blocked this deal’s documents before the trial, but Musk’s lawyers reopened the issue. The judge pressed Birchall, who couldn’t recall key details or Musk’s involvement. The judge noted Birchall’s shaky testimony and questioned the lawyers about who leaked the bid note.

The case may now explore possible anti-competitive behavior by Musk. The trial is ongoing.

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🚀 Musk pitched $15M astronaut flights as NASA paid Russia $70M per seat

In 2008, Elon Musk said NASA would pay Russia over $70M per astronaut after the Shuttle retirement, while SpaceX aimed to do it for about $15M per person even without reusability.

At the time, SpaceX had a NASA contract for cargo missions and was seeking an additional $300M to support crew transport. Without it, Musk warned the US could lose independent human spaceflight for 5 to 6 years.

He argued the economics were clear, with the US spending around $500M per year on Russian seats versus building domestic capability.

The pitch framed SpaceX as a lower-cost alternative at a moment of dependency.

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In 1997, Apple lost $1 billion.

Today? $1 billion profit every 3 days.

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Google bought YouTube for $1.65 billion.

YouTube now generates $1.65 billion in revenue every 15 days.

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🏠 Musk rumored to tour $300M Miami mansion under construction

A $300M modern home in Miami is under construction, and brokers say Elon Musk may have visited the property, though the developer did not confirm it.

The site was bought for $105M in 2025 and flipped for $169M before being taken off the market. It is now being rebuilt into a new property with features like a 31-car garage and elevated design to handle flooding.

The house is not being marketed and will only be offered once completed, with delivery expected in about 2 years.

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🛒 GameStop explores bid for eBay despite 4x size gap

GameStop is reportedly considering an offer to acquire eBay, a company with more than four times its market value.

eBay generated $11.1B in revenue last year, while GameStop reported $3.6B in net sales in 2025 and $232M in operating income. The retailer has also closed over 400 US stores this year.

The move follows CEO Ryan Cohen’s plan to pursue a large acquisition as part of a broader repositioning.

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