Business materials for 18 February 2025

xAI, founded by Elon Musk, has unveiled its latest artificial intelligence development, the Grok-3 chatbot. This event marks a significant step in the competition with giants such as OpenAI, Google, and the Chinese company DeepSeek.

Chinese President Xi Jinping met with leading entrepreneurs in the country, including Alibaba co-founder Jack Ma and Xiaomi head Lei Jun, demonstrating support for the private sector after a period of strict regulation.