The emergence of China's DeepSeek has shocked the US market and impacted Nvidia's market value. Now, with the official launch of Grok 3 by xAI, a company founded by Tesla CEO Elon Musk, it is evident that the US generative AI (GenAI) industry is still reliant on Nvidia's advanced AI chips to provide powerful computing capabilities.

Dow, S&P 500, and Nasdaq futures are rising in premarket trading Wednesday as the stock market braces for a crunch earnings report from Nvidia.

The week was abuzz with news from the tech world, with AI in the spotlight. Bill Gates warned of challenges for future generations, while Nvidia and Alibaba made strides in assistive tech and AI.

Elon Musk’s Grok-3 chatbot is helping the chipmaker reverse its record-breaking stock rout from three weeks ago.

They may be a small part of the economy, but the speed and severity of the cuts are making people nervous, even if they work in the private sector.The worries about the economic outlook are being seen more acutely in the bond market,

Around the same time Elon Musk privately admitted to cheating at games like Diablo 4 and Path of Exile 2, he was apparently installing a gaming PC at his new office job running The Department of Government Efficiency (DOGE),

DeepSeek’s revolutionary AI model has wiped nearly $100 billion from the world’s richest people, including Mark Zuckerberg and Larry Ellison.

Last year, xAI built a massive data center in Memphis, but the company has also been quietly setting up another facility in Georgia.

Over the years, Musk and his businesses have received at least $38 billion in government contracts, loans, subsidies and tax credits, often at critical moments, a Washington Post analysis has found, helping seed the growth that has made him the world’s richest person.

Elon Musk’s xAI claims the newest version of its flagship “Grok” chatbot outperforms rival products offered by the likes of Sam Altman-led OpenAI and China-based DeepSeek — potentially