Marking the start of its fifth edition, LEAP opened on Monday with more than $15 billion in technology investments and strategic commitments, reinforcing the event's position as a global launchpad for innovation and reflecting the rapid growth of Saudi Arabia's technology sector since the inaugural edition in 2022.
SpaceX has acquired artificial intelligence startup xAI in a transaction that media reports said values the combined entity at around $1.2 trillion, creating one of the most ambitious technology platforms ever assembled. Financial details were not formally disclosed by the companies.
