Technology

• Musk's xAI, SpaceX combo is the biggest merger of all time, valued at $1.25 trillion - The record-setting deal will be the largest merger of all time and is valued at $1.25 trillion
• Palantir surges 10% after beating earnings estimates. Here's what's happening - The rise comes on the back of months of decline for the stock.
• Elon Musk has lauded the 'social media for AI agents' platform Moltbook as a bold step for AI. Others are skeptical - Elon Musk said the platform was the "very early stages of singularity" but others are more skeptical
• Nintendo keeps its full-year sales guidance as Switch 2 momentum continues - Investors are weighing the impact of rising memory prices and the strength of Nintendo’s games pipeline ahead of the Switch 2.
• Waymo announces $16 billion funding round - The Alphabet-owned company said it is now valued at $126 billion.
• Palantir beats fourth-quarter estimates on the strength of AI and defense demand - Palantir topped Wall Street's fourth-quarter estimates as more businesses and the U.S. government race to buy its artificial intelligence tools.
• New York AG issues warning around prediction markets ahead of Super Bowl - New York Attorney General Letitia James is cautioning all New Yorkers about placing trades on prediction markets ahead of the Super Bowl.
• Nvidia shares are down 2% after a report that its OpenAI investment stalled. Here's what's happening - Nvidia's Jensen Huang criticized OpenAI's business strategy as the chip giant plans to invest up to $100 billion into the AI startup, per reports.
• Bitcoin is under pressure after a brutal week. Here's why - Cryptocurrency markets fell as global equities and precious metals sold off while bitcoin liquidations exacerbated downside moves.
• Oracle dips 3% after announcing $50 billion fundraising plans. Here's why - The tech giant has invested huge sums in the AI infrastructure buildout in recent times