Fears of new war in the Caucasus as Azerbaijan launches offensive

People run as gunfire and explosions are heard in Stepanakert, called Khankendi by Azerbaijan, in the Nagorno-Karabakh region, on Sept. 19, 2023, in this screengrab obtained from a handout video. (Reuters)
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Updated 20 September 2023
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Fears of new war in the Caucasus as Azerbaijan launches offensive

  • 25 dead in attack on disputed Nagorno-Karabakh * Russia and Turkiye urge talks to end fighting

JEDDAH: Azerbaijan on Tuesday launched a new military offensive in the disputed Nagorno-Karabakh region, raising fears of another war in the Caucasus.

Armenian separatists in the region said Azerbaijan was using artillery, combat aircraft and attack drones, and 25 people including some civilians had been killed and 80 wounded. They accused Azerbaijani forces of “trying to advance” into Karabakh. “Fighting continues along the entire line of contact,” they said.
Azerbaijan’s Defense Ministry said it was using “high precision weapons on the front line and in depth.” Baku’s presidency said: “Localised anti-terrorist measures have been launched in the region.” It urged Karabakh separatists to lay down their arms and offered talks in the town of Yevlakh.
“Illegal Armenian armed forces must raise the white flag,” it said. “Otherwise, the anti-terrorist measures will continue until the end.”
Armenia’s Foreign Ministry condemned the offensive. “Azerbaijan unleashed another large-scale aggression against the people of Nagorno-Karabakh, aiming to complete its policy of ethnic cleansing,” it said, and Russian peacekeepers in the region should “take clear and unequivocal steps to stop Azerbaijan’s aggression.”

The former Soviet Caucasus rivals have been locked in a decades-long dispute over Karabakh, and foughttwo wars over the mountainous territory in the 1990s and in 2020.
Regional power brokers Russia and Turkiye, who oversee a fragile peacekeeping mission in Nagorno-Karabakh, had been informed about Azerbaijan’s military activities in Karabakh, Baku said.
Turkey called the operation “necessary” and urged “comprehensive negotiations” to end the fighting. “As a result of its rightful and legitimate concerns about the situation on the ground that it voiced repeatedly not being alleviated in nearly three years since the end of the Second Karabakh War, Azerbaijan was forced to take measures it deems necessary on its sovereign territory,” the Foreign Ministry said.

Russian peacekeepers patrolling the region called for an immediate ceasefire, and said they had organized civilian evacuations. Kremlin spokesman Dmitry Peskov said Russia was concerned over the sharp escalation in Karabakh and was working to get the two countries to negotiate.

Protesters in Armenia’s capital Yerevan called on Prime Minister Nikol Pashinyan to resign after he denounced calls for a “coup” over Azerbaijan’s offensive.
Hundreds of people gathered in Republic Square outside Pashinyan’s offices to protest against  his handling of the Karabakh crisis, shouting “Nikol traitor” and “Nikol resign.” Some tried to break through a police cordon.
Armenia’s opposition has accused Pashinyan of being weak on Karabakh, a breakaway region of Azerbaijanpopulated mainly by ethnic Armenians. “It’s impossible to have a leader who is losing our territories,” said one protester, Gevorg Gevorgyan, a military veteran.


SpaceX acquires xAI in record-setting deal as Musk looks to unify AI and space ambitions

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SpaceX acquires xAI in record-setting deal as Musk looks to unify AI and space ambitions

  • The deal is the biggest M&A transaction of all time
  • Deal values xAI at $250 billion, SpaceX at $1 trillion

Elon Musk said on Monday ​that SpaceX has acquired his artificial-intelligence startup xAI in a record-setting deal that unifies Musk’s AI and space ambitions by combining the rocket-and-satellite company with the maker of the Grok chatbot. The deal, first reported by Reuters last week, represents one of the most ambitious tie-ups in the technology sector yet, combining a space-and-defense contractor with a fast-growing AI developer whose costs are largely driven by chips, data centers and energy. It could also bolster SpaceX’s data-center ambitions as Musk competes with rivals like Alphabet’s Google, Meta, Amazon-backed Anthropic ‌and OpenAI in the ‌AI sector.
The transaction values SpaceX at $1 trillion, and ‌xAI ⁠at $250 ​billion, according ‌to a person familiar with the matter.
“This marks not just the next chapter, but the next book in SpaceX and xAI’s mission: scaling to make a sentient sun to understand the Universe and extend the light of consciousness to the stars!” Musk said. The purchase of xAI sets a new record for the world’s largest M&A deal, a distinction held for more than 25 years when Vodafone bought Germany’s Mannesmann in a hostile takeover valued at $203 billion ⁠in 2000, according to data compiled by LSEG. The combined company of SpaceX and xAI is expected to price shares ‌at about $527 each, another person familiar with the matter said. ‍SpaceX was already the world’s most ‍valuable privately held company, last valued at $800 billion in a recent insider share sale. ‍XAI was last valued at $230 billion in November, according to the Wall Street Journal. The merger comes as the space company plans a blockbuster public offering this year that could value it at over $1.5 trillion, two people familiar with the matter said.
SpaceX, xAI and Musk did not immediately respond ​to requests for comment.
The deal further consolidates Musk’s far-flung business empire and fortunes into a tighter, mutually reinforcing ecosystem – what some investors and analysts informally ⁠call the “Muskonomy” – which already includes Tesla, brain-chip maker Neuralink and tunnel firm the Boring Company. The world’s richest man has a history of merging his ventures together. Musk folded social media platform X into xAI through a share swap last year, giving the AI startup access to the platform’s data and distribution. In 2016, he used Tesla’s stock to buy his solar-energy company SolarCity.
The agreement could draw scrutiny from regulators and investors over governance, valuation and conflicts of interest given Musk’s overlapping leadership roles across multiple firms, as well as the potential movement of engineers, proprietary technology and contracts between entities.
SpaceX also holds billions of dollars in federal contracts with NASA, the Department of Defense and intelligence agencies, which all have some authority ‌to review M&A transactions for national security and other risks.