New York Times business news – May 28

The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

– Elon Musk’s AI startup xAI raised $6 billion in series B funding, reaching a post-money valuation of $24 billion as investors bet big on challengers to companies like OpenAI in the intensifying AI race.

– Tornado-spawning thunderstorms that swept the Southern Plains and the Ozark Mountains have killed at least 23 people across four U.S. states as of Monday afternoon and wrecked hundreds of buildings, as forecasters warned of more severe weather.

– Lawyers for Donald Trump on Monday asked a federal judge to reject prosecutors’ request for a gag order limiting what the former U.S. president can say about law enforcement officers involved in the case accusing him of mishandling sensitive documents.

– U.S. President Joe Biden honored fallen soldiers during the 156th observance of Memorial Day at Arlington National Cemetery outside the nation’s capital on Monday.