| Welcome to the Saturday edition of Businessweek Daily, featuring the Everybody's Business podcast. Let us know what you think by emailing the editor. If this email was forwarded to you, click here to sign up. There are two ways of looking at xAI, the artificial intelligence startup behind Elon Musk's increasingly problematic chatbot. On one hand, xAI, which also owns the social network formerly known as Twitter, has seen its valuation soar in the past year as investors bet Musk and other Silicon Valley entrepreneurs are near an AI breakthrough that will translate into trillions of dollars. On the other hand, the company is also incinerating huge piles of cash—perhaps as much as $1 billion per month. As Bloomberg News reporter Dana Hull explains on this week's episode of Everybody's Business, the same dichotomy applies to Musk's decision to merge his rocket company, SpaceX, with his AI venture. The combined business, which Musk wants to take public this year, could be worth $1 trillion or more, based on Musk's grandiose proposal to build AI data centers in space. The proposal isn't long on details, though that's very much in keeping with Musk's style. Also keeping with his style: The deal could be seen as a self-serving bailout. Also, co-hosts Max Chafkin and Stacey Vanek Smith go to the Super Bowl with business of sports reporter Randall Williams, who breaks down the NFL's decision to invite Bad Bunny and Green Day to perform. We also talk about the big trends in advertising during the game—get ready for a ton of AI during commercial breaks—and offer predictions about the planned halftime answer from the right, a simulcast performance by Kid Rock, MAGA man. Listen and subscribe on Apple, Spotify, iHeart and the Bloomberg Terminal. |
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