The big news: Elon Musk’s xAI acquired the social media platform X, also owned by Musk, in a deal that valued X at $33 billion. Musk bought the company formerly known as Twitter for $44 billion in 2022.
On the move: Identify verifications solutions provider Trulioo, based in Canada, announced that Vicky Bindra would become its new Chief Executive Officer, taking over for Steve Munford, who served in the role for five years.
The buzz: The U.S. Copyright Office announced that works created by Artificial Intelligence are not subject to copyright protections. Per Reuters, the office “maintains that human authorship and creativity remain essential in the quest to obtain copyright protection for works involving materials created by artificial intelligence.”
On the rise: Quantum computing startup Psiquantum raised $750 million at a $6 billion valuation, according to reports. BlackRock led the fundraising effort, as Psiquantum looks to make photonic quantum computers a reality.
What’s next: AI group MLCommons unveiled two new benchmarks to measure AI productivity, according to Reuters. One of the new benchmarks is based on Meta's Llama 3.1 405-billion-parameter AI model, per the report.
