xAI Hires Bankers and Traders to Train Grok on Financial Markets
Elon Musk’s xAI is recruiting investment bankers, traders, and crypto experts to train its Grok chatbot on financial markets as it competes for enterprise customers.
Causal language modeling, abbreviated CLM, is a training objective in which a model predicts the next token from tokens that came before it. A causal attention mask prevents information from later positions from leaking into each prediction. Repeating this task across large text collections teaches an autoregressive model statistical patterns of language, knowledge associations, and ways to continue a sequence. At inference time, the model generates text token by token using the same left-to-right dependency. CLM differs from masked language modeling, which hides selected tokens inside a sequence and uses surrounding context on both sides. The objective supports open-ended generation but does not guarantee factual or intentional understanding.
Elon Musk’s xAI is recruiting investment bankers, traders, and crypto experts to train its Grok chatbot on financial markets as it competes for enterprise customers.
Nvidia CEO Jensen Huang said demand for Blackwell and Vera Rubin systems could reach $1 trillion by 2027, as the company unveiled new chips, racks, and AI infrastructure at GTC.
Nvidia CEO Jensen Huang will deliver the keynote at the GTC 2026 conference, where investors expect new AI product announcements and demand outlook updates.
ByteDance has reportedly paused the global rollout of its Seedance 2.0 AI video generator after viral clips sparked backlash from Hollywood studios over intellectual property concerns.
OpenAI is reportedly negotiating with TPG, Advent, Bain, and Brookfield to create a $10 billion joint venture aimed at deploying its enterprise AI tools across private equity portfolio companies.
Encyclopaedia Britannica and Merriam-Webster have sued OpenAI, alleging the company copied nearly 100,000 articles and dictionary entries to train ChatGPT without permission.
Qiwi co-founder Sergey Solonin will lead Mercuryo AI Labs, developing infrastructure that allows AI agents to autonomously make payments using programmable virtual cards and policy-based controls.
Nebius has signed a long-term AI infrastructure agreement with Meta worth up to $27 billion, providing large-scale compute capacity powered by Nvidia’s Vera Rubin platform.
A Sydney engineer used AI tools including ChatGPT and AlphaFold to help design a personalized mRNA cancer vaccine for his dog with help from university researchers. Early results show significant tumor shrinkage.
Anthropic has launched the Claude Partner Network with a $100 million investment to support consultancies and AI firms helping enterprises deploy Claude. The program includes certifications, technical support, and joint market initiatives.