Meta’s Hyperion project: A $27 billion financing-backed data center in Louisiana that Meta Platforms describes as its largest globally, with capacity potentially extending to 2 gigawatts. xAI closed an upsized $20 billion Series E, which comfortably surged past its $15 billion target.

Elon Musk said on Saturday that social media platform X will open to the public its new algorithm, including all code for organic and advertising post recommendations, in seven days.