DeepSeek seeks >$20B as Tencent/Alibaba discuss investment; Nvidia warns US chip edge could be undermined by Huawei; AI funding continues to surge with Vast Data's $1B round and OpenAI/Anthropic/xAI investments. DeepSeek aims for a valuation above $20 billion amid talks with Tencent and Alibaba, while Nvidia warns that shifting AI models to Huawei chips could erode U.S. lead. The piece also notes a global surge in AI funding, including Vast Data's $1 billion round at a $30 billion valuation and major investments in OpenAI, Anthropic, and xAI.

xAI launched speech-to-text and text-to-speech APIs for its Grok platform, enabling developers to integrate natural voice interactions into applications. This update enhances user experience and accessibility for various use cases.

Elon Musk's xAI will provide computing power to programming startup Cursor, utilizing thousands of GPUs to train its new code model. This shift enhances xAI’s role in computing services, potentially increasing revenue and addressing operational costs amid ongoing losses.

Alibaba's Happy Horse-1.0 model has achieved the highest ranking on the Arena Video Edit global benchmark with an Elo score of 1,299, outperforming xAI's Grok Imagine Video and Kling o3 Pro by significant margins.

SpaceX currently holds 8,285 bitcoins, worth approximately $603 million. Despite losses of nearly $5 billion due to its acquisition of xAI, it has not sold any bitcoins since mid-2024, remaining the fourth-largest holder of corporate bitcoin holdings.

Gate News update: April 12. SpaceX currently holds Bitcoin worth about $603 million. In the same period, the company recorded a nearly $5 billion loss due to integrating xAI. Despite the large loss, SpaceX’s Bitcoin holdings have remained unchanged since mid-2024, with no signs of selling.

SpaceX executive Michael Nicolls said in a memo that xAI’s training performance is poor and clearly behind its competitors. As a result, it decided to reorganize the engineering team, appoint a new leader, and aim to catch up with companies like OpenAI and Google. This move is part of the rebuilding plan pushed by Elon Musk.

Gate News message, April 3, the newly released ranking of CodeArena, an AI programming-focused competition under the globally renowned model blind test leaderboard LMArena, was published. Alibaba’s latest generation large language model, Qwen 3.6-Plus, ranked second on the global leaderboard, surpassing international giants such as OpenAI, Google, and xAI, becoming the highest-ranked Chinese model on that leaderboard.

The open-source AI agent tool OpenClaw has released version v2026.3.28, which removes the deprecated Qwen OAuth integration, stops automatic migration of old configurations, adds xAI provider, image generation and editing features, and fixes multiple issues.

BlockBeats news, on March 27, Musk responded to the community on the X platform, stating that a significant update for Grok Imagine will be released next week. Combining Musk's earlier confirmation of an "epic" upgrade, the community analyzes that the "significant update" may involve longer video lengths, optimized multimodal inputs, or a new API, marking xAI's accelerated efforts to catch up with OpenAI and Google in the AI video competition.