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Seeking shelter from Trump’s fury, U.S. trade partners reach deals with each other
edmonton_citynews_cahace 140d

Seeking shelter from Trump’s fury, U.S. trade partners reach deals with each other

Bullied and buffeted by President Donald Trump’s tariffs for the past year, America’s longstanding allies are desperately seeking ways to shield themselves from the president’s impulsive wrath. U.S. trade partners are cutting deals among themselves —- sometimes discarding old differences to do so — in a push to diversify their economies away from a newly [...]The post Seeking shelter from Trump’s fury, U.S. trade partners reach deals with each other appeared first on CityNews Edmonton.

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The product management strategy behind building AI agent platform
e27hace 140d

The product management strategy behind building AI agent platform

Automation is evolving, and AI agents represent the next big leap. However, building a product that truly resonates with users is still an unproven and challenging process. In a recent episode of the Startup Project podcast, I had the opportunity to dive into this topic with Jacob Bank, Founder and CEO of Relay.App. Our discussion [...]The post The product management strategy behind building AI agent platform appeared first on e27.

#TECH
globenewswire_frhace 140d

Patria Reports Fourth Quarter & Full Year 2025 Earnings Results

GRAND CAYMAN, Cayman Islands, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Patria Investments Limited (“Patria”) (NASDAQ: PAX) reported today its unaudited results for the fourth quarter and full year ended December 31, 2025. The full detailed presentation of Patria's fourth quarter and full year 2025 results can be accessed on the Shareholders section of Patria’s website at https://ir.patria.com/.

#STOCKS
Musk's SpaceX merges with xAI in $1.25 trillion deal ahead of planned IPO
asiantimeshace 140d

Musk's SpaceX merges with xAI in $1.25 trillion deal ahead of planned IPO

HighlightsSpaceX valued at $1tn acquires xAI worth $250bn in massive consolidation of Musk businesses.Combined company targeting summer stock market debut coinciding with planetary alignment and Musk's birthday.Deal centres on ambitious plans for space-based datacentres to power artificial intelligence systems.Elon Musk's aerospace company SpaceX has acquired his artificial intelligence business xAI in a $1.25 tn (£910 bn) merger that consolidates major parts of the billionaire's empire as SpaceX prepares for a public listing later this year.The companies announced the deal on Monday via SpaceX's website, describing it as forming "the most ambitious, vertically-integrated innovation engine on (and off) Earth, with AI, rockets, space-based internet, direct-to-mobile device communications and the world's foremost real-time information and free speech platform."SpaceX, among the world's most valuable private companies, gains xAI properties including the Grok chatbot and social media platform X. The deal reportedly valued SpaceX at $1 tn and xAI at $250 bn, positioning the combined entity for a stock market flotation exceeding $1 tn valuation.Space-based AI visionThe announcement specifically cited Musk's plans for space-based datacentres as primary justification for the acquisition, stating: "Current advances in AI are dependent on large terrestrial datacentres, which require immense amounts of power and cooling. Global electricity demand for AI simply cannot be met with terrestrial solutions, even in the near term, without imposing hardship on communities and the environment. In the long term, space-based AI is obviously the only way to scale. "The flotation is expected in early summer, timed to coincide with a planetary alignment when Jupiter and Venus appear in close proximity, around Musk's 55th birthday on June (28).Musk has increasingly intertwined his various businesses through recent deals and acquisitions. xAI acquired platform X in an all-stock transaction in early 2025, while Tesla revealed last month it planned to invest $2 bn in xAI.Valuation surgeBoth companies have received staggering valuations recently. SpaceX, which dominates satellite launches and holds extensive US federal government contracts, sent investors a December letter revealing an expected $800 bn valuation. xAI announced a $20 bn Series E fundraising last month from major investors, valuing the company at $230 bn.The merger news provides positive distraction for Musk following Tesla's recent earnings report showing declining revenues and struggling car sales. Days later, Department of Justice files related to sex offender Jeffrey Epstein revealed Musk exchanging friendly emails with the disgraced financier and planning to visit his private island.Musk called the email release a "distraction" on X, claiming awareness that "some email correspondence with him could be misinterpreted and used by detractors to smear my name."

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