Intel Joins Musk's Terafab AI Chip Project

Intel is reportedly joining Elon Musk's ambitious Terafab project, a venture aimed at producing advanced AI chips. This collaboration includes major players like Tesla, SpaceX, and Musk's own AI firm, xAI. The initiative seeks to significantly boost the supply of specialized hardware crucial for artificial intelligence development. Meanwhile, Broadcom and Google are deepening their partnership with AI startup Anthropic, providing it with the necessary infrastructure to scale its operations. Separately, activist investor Bill Ackman is exploring a potential acquisition of Universal Music Group, the world's largest music company.