CES Day 3
Episode
21 min
Read time
2 min
Topics
Career Growth, Investing, Fundraising & VC
AI-Generated Summary
Key Takeaways
- ✓XAI Funding Velocity: XAI raised over $42 billion total since 2023 founding, with latest $20 billion Series E exceeding $15 billion target from investors including Nvidia, Valor, and Fidelity, making it one of fastest rising valuations in history at $230 billion plus.
- ✓Data Center Political Backlash: Between April and June 2025, more data center projects were blocked or delayed than previous two years combined, derailing $98 billion in planned development as communities cite electricity price increases, water depletion, and farmland loss concerns.
- ✓Polymarket Resolution Crisis: Platform refuses to pay $10.5 million in wagers on US Venezuela invasion despite special forces extracting Maduro, redefining invasion terms post-event and highlighting regulatory gaps in prediction market adjudication that anger users betting tens of thousands.
- ✓LinkedIn Revenue Surge: LinkedIn revenue jumped from $7 billion in 2020 to $17 billion in 2025 as users doubled to 1.3 billion, with daily active usage rising from 3.9 percent to 4.7 percent driven by real name requirements reducing toxicity versus X and Facebook.
What It Covers
CES 2026 coverage highlights XAI's $20 billion funding round pushing valuation above $230 billion, Polymarket's refusal to pay Venezuela invasion bets, and growing bipartisan political opposition to AI data center construction across American communities.
Key Questions Answered
- •XAI Funding Velocity: XAI raised over $42 billion total since 2023 founding, with latest $20 billion Series E exceeding $15 billion target from investors including Nvidia, Valor, and Fidelity, making it one of fastest rising valuations in history at $230 billion plus.
- •Data Center Political Backlash: Between April and June 2025, more data center projects were blocked or delayed than previous two years combined, derailing $98 billion in planned development as communities cite electricity price increases, water depletion, and farmland loss concerns.
- •Polymarket Resolution Crisis: Platform refuses to pay $10.5 million in wagers on US Venezuela invasion despite special forces extracting Maduro, redefining invasion terms post-event and highlighting regulatory gaps in prediction market adjudication that anger users betting tens of thousands.
- •LinkedIn Revenue Surge: LinkedIn revenue jumped from $7 billion in 2020 to $17 billion in 2025 as users doubled to 1.3 billion, with daily active usage rising from 3.9 percent to 4.7 percent driven by real name requirements reducing toxicity versus X and Facebook.
Notable Moment
A former senator turned AI Infrastructure Coalition cofounder traveled to Chandler, Arizona to pressure city officials into approving a data center project by warning federal government would override local control, but the city council unanimously rejected it anyway.
Episode Transcript
Welcome to the Tech Brew ride home for Wednesday, 01/07/2026. I'm Brian McCullough. Today, XAI has raised another monster round. Polymarket has yet another controversy around whether a bet should pay out or not. Could the AI data center build out actually disrupt politics in local America and a sort of roundup of what's been at CES so far? Here's what you have today in the world of tech. You may have noticed your customers love webinar and video content, but if you've ever actually put together a webinar or video, then you know it can eat up a lot of your time and budget. Now, thankfully, there's a singular tool that can streamline your team's video and webinar workflows, Wistia. Singular tool that can streamline your team's video and webinar workflows, Wistia. Wistia can scale your content output with AI powered tools that help you edit, create, and repurpose videos and webinars fast. And speaking of webinars, you can host engaging, easy to set up webinars in Wistia, too, complete with built in analytics. With Wistia, you don't have to pay for multiple video tools, hop between platforms, or constantly re upload files. You can create, edit, collaborate, and publish all in one place. Head to wistia.com/brew to learn more. That's wistia.com/brew. With Wistia, you can expect less work and more plays. XAI has raised a $20,000,000,000 series e round exceeding its $15,000,000,000 targeted round size with participation from Valor, Nvidia, and others. And the company says Grok five is currently in training, quoting the times. In a statement, XAI said it had sought to raise $15,000,000,000, but ended up getting more from eager investors. Two people with knowledge of the matter said the investment could push XAI's valuation above $230,000,000,000, which it was on track to hit when it was raising $15,000,000,000. That would make XAI founded in 2023 one of the fastest rising companies in value for mister Musk. The company said it would use the funding to, quote, expand its decisive compute advantage as it built data centers to power its technology and to, quote, fuel groundbreaking research. Investors in XAI's latest funding included Fidelity, the Qatar Investment Authority, and Valor Equity Partners, a firm led by mister Musk's friend and former Tesla board member, Antonio Gracias. NVIDIA, the maker of AI chips, also participated. In total, XAI has raised more than $42,000,000,000 according to PitchBook. A new model, GROC five, will be released early this year. XAI has said, mister Musk posted on X in October that the model had a 10% chance of reaching artificial general intelligence, a benchmark that would allow it to perform tasks like a human, end quote. Polymarket is disputing that The US mission to capture Nicolas Maduro constituted a, quote, invasion and are now refusing to pay out bets on a contract with 10 and a half million dollars in wagers that was predicated on the idea of an invasion, quoting the Feet. The decision by the prediction market …
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“Polymarket's refusal to pay Venezuela invasion bets... Platform refuses to pay $10.5 million in wagers on US Venezuela invasion despite special forces extracting Maduro”
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