The Next Big Thing in AI: Musk's Secret Supplier

Nvidia soared 500% in the first AI wave. Now, Elon Musk's xAI is igniting the second. With Trump's backing and policy shifts, xAI is poised to dominate generative AI. One small company behind its tech could explode in value-this may be your second chance to ride the AI boom.

Business Lookahead

AP Business Digest

Here are the AP's top business stories that have moved or are planned to move today. All times U.S. Eastern. For up-to-the minute information on AP's coverage, visit AP Newsroom's Coverage Plan.

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UPCOMING

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TRUMP-DEFICITS

DESCRIPTION: President Donald Trump faces the challenge of trying to convince Republican senators, global investors, voters and even Elon Musk that he won't bury the federal government in debt with his multitrillion-dollar tax breaks package. The response so far has been skeptical.

UPCOMING: By 05/29/2025 12:01 a.m. EDT, Text

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US--EDUCATION-AIR QUALITY-OIL AND GAS

DESCRIPTION: Natural gas has become a go-to fuel for power plants from coast to coast, sometimes replacing dirtier coal-fired plants and, by extension, improving air quality. In New Mexico, oil and gas companies employ thousands of workers, often in areas with few other opportunities, all while boosting the state's budget with billions in royalty payments. But those benefits may come at a cost for thousands of students in New Mexico whose schools sit near oil and gas pipelines, wellheads and flare stacks. An Associated Press analysis of state and federal data found 694 oil and gas wells with new or active permits within a mile of a school in the state. This means that around 29,500 students in 74 schools and preschools potentially face exposure to noxious emissions.

UPCOMING: By 05/29/2025 12:01 a.m. EDT, Photo, Text, DigitalPlans

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CALIFORNIA-AVOCADOS

DESCRIPTION: Imported Mexican avocados are not hurting California avocado growers but rather helping them by turning the fruit from a seasonal specialty item available at limited times into a regular feature on Americans' plates that they can get year-round.

UPCOMING: By 05/29/2025 3:01 a.m. EDT, Photo, Text

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EU--SLOVAKIA-CORRUPTION

DESCRIPTION: A Slovak court is set to issue a verdict in the case of the head of the Slovak central bank who is accused of bribery. Gov. Peter Ka?imír who is a member of the European Central Bank committee that decides the monetary policy for 20 countries faces a possible prison term.

UPCOMING: By 05/29/2025 4:00 a.m. EDT, Photo, Text

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BE WELL-WORKING WELL-KIDS AND CAREERS

DESCRIPTION: Early life experiences can shape the way we think about work. Career counselors recommend exposing children to a wide variety of career paths at a young age.Teachers and parents can tell kids about jobs that relate to their favorite activities and the people and places they see in their communities. Some experts recommend teaching children about artificial intelligence by the time they can read.

UPCOMING: By 05/29/2025 6:00 a.m. EDT, DigitalPlans, Text, Graphic

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CEO PAY

DESCRIPTION: The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 10% in 2024 as the stock market enjoyed another banner year and corporate profits rose sharply. At half of the 344 companies in AP's annual pay survey, it would take the worker at the middle of the company's pay scale 192 years to make what their CEO did in one.

UPCOMING: By 05/29/2025 8:00 a.m. EDT, Photo, Text, DigitalPlans, Interactive

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UNEMPLOYMENT BENEFITS

DESCRIPTION: The Labor Department reports on the number of people who applied for unemployment benefits last week. By Matt Ott. UPCOMING: 130 words after release of report at 8:30 a.m., photo.

UPCOMING: By 05/29/2025 8:30 a.m. EDT, Photo, Text

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ECONOMY-GDP

DESCRIPTION: The Commerce Department issues its third and final estimate of how the U.S. economy performed in the fourth quarter of 2019. By Martin Crutsinger. UPCOMING: 130 words after 8:30 a.m. release, then expanded, with photos.

UPCOMING: By 05/29/2025 8:30 a.m. EDT, Photo, Text

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MORTGAGE RATES

DESCRIPTION: Freddie Mac reports on this week's average U.S. mortgage rates. By Alex Veiga. UPCOMING: 250 words after noon release.

UPCOMING: By 05/29/2025 12:00 p.m. EDT, Photo, Text

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US--TRUMP-VENEZUELA IMMIGRANTS

DESCRIPTION: San Francisco - Federal judge whose national injunction to block Trump administration from ending temporary TPS protections for 350,000 Venezuelans was stayed by the Supreme Court holds a hearing on underlying case. ON MERITS

ON MERITS: By 05/29/2025 7:00 p.m. EDT, Text

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