A news rundown to start your week
The Hustle Daily Show
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Elon Musk's X.AI Corp.
Sweden will abolish tax incentives for data centers this summer, amounting to a prohibitively expensive 6,000% tax increase per kilowatt hour of energy. The Bitcoin mining sector drawn in by massive 2017 tax cuts hasn't fueled the job growth Sweden was seeking and now may be curtains. Elon Musk has reportedly incorporated a new artificial intelligence company in Nevada that goes by the name of X.AI Corp. He's reportedly hired a top scientist from the AI lab owned by Google or Alphabet called DeepMind.
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