Tesla-XAI Merger | Meta’s AI Power Grab | $100M Ethereum Bet

Benzinga
•July 16th, 2025
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🚨 Today’s top market-moving headlines in tech, AI, and crypto:
🔹 Tesla-xAI Merger Could Go to Shareholder Vote
Elon Musk says Tesla shareholders may decide on a potential merger with xAI. Gary Black believes retail investors would support it, even as institutions push back. SpaceX is reportedly investing $2B in xAI.
🔹 GameSquare Pumps 38% on $100M Ethereum Treasury Plan
GameSquare stock surged after announcing a $100 million Ethereum-based treasury strategy. The initiative aims to earn yield through DeFi protocols with support from Dialectic. ETH also jumped above $3,100.
🔹 Oracle’s Larry Ellison Passes Zuckerberg in Wealth Rankings
Larry Ellison is now the 2nd richest person in the world, edging out Mark Zuckerberg. Oracle stock has soared over 47% in six months. Chip export easing to China helped boost Oracle, Nvidia, and AMD.
🔹 Meta Poaches OpenAI Researchers for Superintelligence Lab
Meta hired Jason Wei and Yuhuai “Tony” Wu from OpenAI to lead its new superintelligence team. The move escalates the AI talent war. Meta is rumored to offer $100M+ packages to top researchers.
🔹 Meta Acquires Voice AI Startup Play AI
Meta quietly acquired Play AI, a company known for lifelike voice technology. The startup's team joins Meta to expand its AI capabilities. The deal reflects Meta's deep investment in natural AI interfaces.
🔹 OpenAI Economist Shares 4 Skills Kids Need in an AI World
Ronnie Chatterjee says future success will depend on critical thinking, emotional intelligence, adaptability, and financial literacy. He warns coding alone won’t be enough. AI is rapidly automating technical jobs.
🔹 Nvidia CEO Warns AI May Cause Job Losses
Jensen Huang says industries must innovate or risk AI-driven job losses. Economists echo concerns about white-collar disruption. Structural change may require regulatory—not monetary—solutions.
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