PUTIN WOOS AFRICAN LEADERS AT SHOWCASE SUMMIT, SAYS RUSSIA IS BETTER PARTNER THAN 'COLONIAL' WEST. (PHOTO).

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 Putin woos African leaders at showcase summit, says Russia is better partner than 'colonial' West President Vladimir Putin told African leaders ​on Wednesday that Russia was their best partner, accusing what he cast as a colonial West of still trying ‌to exploit the continent's resources and using debt to hold back development, Reuters reported. The Kremlin chief was speaking at the third Russia-Africa Summit in Moscow, a two-day event attended by African leaders and government delegations from 48 countries, during which he will hold one-on-one talks with many of the 22 individual African leaders ​attending on everything from trade to security, arms deals and grain supplies. "Africa is increasingly asserting itself as one of the key players in the global economy and politics. However, the emergence of a multipolar world is, of ​course, no easy task; it faces resistance from countries that are not prepared to accept this reality: those who are accustomed to ​thinking i...
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MUSK MERGES ROCKET AND AI VENTURES INTO ONE COMPANY AHEAD OF ANTICIPATED IPO . (PHOTO).

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 Musk merges rocket and AI ventures into one company ahead of anticipated IPO 

Elon Musk is combining his space exploration and artificial intelligence ventures into a single company as he prepares for a major initial public offering later this year. SpaceX announced Monday that it had acquired Musk’s AI company xAI, merging several of his ventures, including the AI chatbot Grok, the satellite internet provider Starlink, and his social media platform X. The consolidation is part of Musk’s strategy to dominate both the rocket and AI industries.

Musk has long emphasized the potential of running AI operations from space, arguing that space-based data centers could overcome Earth-based costs for electricity and infrastructure. “In the long term, space-based AI is obviously the only way to scale,” Musk said in the announcement, adding, “It’s always sunny in space!” He predicts that within two to three years, the lowest-cost way to generate AI computing will be in orbit. The idea has met skepticism from other tech leaders; Microsoft President Brad Smith recently said he doubts companies will shift from land-based data centers to low-Earth orbit.

The move positions Musk to compete aggressively against rivals like OpenAI, which is also planning an IPO this year, and Google, which recently launched Project Suncatcher, a solar-powered satellite AI initiative. Musk is also expanding his terrestrial operations, with xAI planning a $20 billion data center near the Tennessee-Mississippi border.

The billionaire has previously merged operations across his companies, including Tesla’s acquisition of SolarCity and xAI’s purchase of X. Musk’s broader portfolio also includes Neuralink, the Boring Company, and ambitious plans for AI-driven humanoid robots and self-driving taxis at Tesla.

Terms of the SpaceX-xAI acquisition were not disclosed. Outside investors include 1789 Capital, a fund co-owned by Donald Trump Jr., which has invested over $1 billion across Musk’s ventures in the past year. Musk has framed the consolidation as part of a broader vision to advance space colonization and ensure humanity’s survival. Speaking at the World Economic Forum in Davos last week, he called humanity “a tiny candle in a vast darkness, a tiny candle of consciousness that could easily go out.”


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