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

Benzinga

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. 💥 Subscribe for daily market recaps and breaking tech news. 🌐 Want more market-moving insights? Dive deeper at www.benzinga.com — your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets. 📲 Let’s stay connected! Follow us for real-time updates, market tips, and exclusive content: 🔹 Instagram: https://www.instagram.com/benzinga 🔹 Facebook: https://www.facebook.com/benzinga 🔹 TikTok: https://www.tiktok.com/@benzinga 🔹 X: https://www.x.com/benzinga ⚠️ Disclaimer: Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes. #AInews #TeslaMerger #ElonMusk
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