Elon Musk buys Twitter for the 3rd time

OpenAI pours gasoline on the Nvidia drama fire

Palantir continues to prove Michael Burry wrong

The S&P 500 rose 0.5%, the Nasdaq climbed 0.6%, and the Dow jumped 1% (over 500 points).

However, it appears that the real immediate benefit of the merger might be funding for xAI. SpaceX is set to raise up to $50 billion in its IPO this year (if it doesn’t merge with Tesla). So xAI would then have access to that cash for its current pressing data-center-building needs.

Also, people are joking on social media that this acquisition marks the third time that Musk has bought Twitter: once in his initial 2022 purchase, another time when xAI acquired it, and now a third time as SpaceX acquired xAI.

This news comes after investor concerns over Nvidia’s non-committal language about investing “up to” $100 billion in OpenAI. CEO Jensen Huang has been riding a fine line, assuring news reporters that he sees OpenAI as “one of the most consequential companies of our time,” but also refusing to confirm the specific amount of investment his company will make.

Here’s a clip of Jensen Huang getting agitated (by his very polite standards) by a reporter in China who wouldn’t drop the subject. To be fair to Huang, the reporter seems to either intentionally or accidentally misunderstand him in our opinion.

OpenAI dropped a new macOS app for Codex with parallel agent workflows to compete with Claude Code, though benchmarks show rivals closing the gap.

Waymo raised $16 billion at a $126 billion valuation to expand to 20+ cities in 2026, including New York, London, and Tokyo.

Adobe is killing Adobe Animate on March 1st, ending the 30-year-old app and potentially rendering past work "lost media."

Crypto markets got clobbered over the weekend, triggering $2.5 billion in Bitcoin liquidations.

Binance will convert its $1 billion SAFU fund from stablecoins to Bitcoin within 30 days, pledging to top it up if prices push it below $800 million.

South Korea deployed AI-powered surveillance to catch market manipulators down to the second.

Amazon slashed 2,198 corporate jobs in Washington state, over half in software and engineering. That's 4,500+ workers cut in the state in under a year.

Disney's theme parks hit $10 billion in quarterly revenue for the first time, but shares fell 7.4% after a YouTube TV blackout cost $110 million.

Google Cloud and Liberty Global struck a five-year AI partnership to deploy Gemini across 80 million European connections.

T-Mobile cut nearly 400 workers while Expedia and Meta fired hundreds. Seattle lost 12,900 jobs last year—the first annual decline since 2009.

US manufacturing expanded for the first time in 12 months in January, with the ISM index hitting 52.6 on new orders and pre-tariff stockpiling.

Electricity rates largely tracked inflation over five years, with 34 states seeing below-average increases (data centers aren't driving your bill up yet).

Brazil's soy harvest is projected to hit a record 177 million metric tons this year, even as 15% rates and low prices squeeze smaller farms.

The US pork industry just entered its best economic environment in years, though Brazil still holds a $30-per-pig advantage on disease control and labor costs.

Secondary aluminum import prices dropped 3.9% to $2,772/ton in 2024, while exports fell 16.7%, with Canada, UAE, and Bahrain supplying 74% of US imports.

EU farm investments worth €158 billion in animal agriculture risk becoming stranded assets as meat consumption declines faster than expected.