The Rundown SpaceX to Invest $2B in xAI, Google Snags Windsurf CEO Away from OpenAI
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Jul 14, 2025 Discover how SpaceX is poised to invest $2 billion in xAI, shaking up the tech landscape. Google's impressive recruitment of Windsurf's CEO brings new talent to the forefront, further intensifying the AI race. Get the latest stock market insights, including Kenvu's ups and downs and Affirm's challenges. Plus, learn about Amazon Prime Day's remarkable growth, outpacing traditional shopping events. Tune in for an engaging breakdown of these key market movements and tech developments!
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Tariffs' Impact on Profits
- Despite tariffs, the stock market remains near all-time highs, unlike earlier this year.
- Earnings season will reveal how tariffs impact profit margins, expected to grow just 2.8% this quarter, the slowest in two years.
Musk's XAI Funding Growth
- Elon Musk's company XAI is raising money with a $200 billion valuation and may receive $2 billion from SpaceX.
- XAI aims to catch up in AI by embedding its model Grok into Starlink, Tesla, and planned humanoid robots.
Google's Windsurf Talent Grab
- Google acquired Windsurf CEO and team via reverse acqui-hire, licensing tech rather than buying the company outright.
- This boosts Google's AI coding tools under Gemini, intensifying competition with OpenAI and others.