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Elon Musk’s xAI raises $6B in equity financing
Elon Musk’s xAI raises $6B in equity financing as AI race heats up
Elon Musk’s artificial intelligence startup xAI has raised another $6 billion from investors as it ramps up competition with Sam Altman-led OpenAI, according to a regulatory filing.
Elon Musk’s xAI raises $6B to scale up GPU infrastructure
The new funding raised by xAI comes after industry leader OpenAI raised $6.6 billion on a $157 billion valuation on Oct. 2, while another large player in AI, Anthropic PBC, was reportedly in talks to raise new funding at a $40 billion valuation in September.
Elon Musk’s xAI Snags $6 Billion Windfall, Powering Ambitious Memphis AI Center
Elon Musks xAI has obtained $6 billion from 97 backers, boosting its valuation and spurring the development of a high-profile Memphis supercomputer. The filing, released Thursday, discloses no investor names but sets
Trump Plans to Appoint Musk Confidant David Sacks
Trump names venture capitalist and Elon Musk associate to be 'AI, crypto czar'
President-elect Donald Trump named venture capitalist and Elon Musk associate David Sacks to oversee artificial intelligence and cryptocurrency policy in his incoming administration.
Trump's AI and crypto czar will be David Sacks, a venture capitalist and Elon Musk ally
President-elect Donald Trump has named David Sacks as the White House’s artificial intelligence and cryptocurrency czar, giving the venture capitalist and vocal Republican donor influence over his administration’s policies.
Trump Plans to Appoint Musk Confidant David Sacks as AI, Crypto Czar
David Sacks, a longtime venture capitalist who worked with Musk at PayPal more than two decades ago, will serve as the “White House A.I. & Crypto Czar,” Trump said on his soci
1d
on MSN
Elon Musk Just Gave Nvidia Investors 1 Billion Reasons to Cheer
According to DigiTimes, Musk was involved in a deal between xAI and Nvidia -- reportedly personally contacting Nvidia Chief Executive Officer Jensen Huang and offering more than $1 billion for a ...
1d
Elon Musk's xAI Raises $6B For The 2nd Time This Year As It Looks To Take The Challenge To OpenAI, Google And Jeff Bezos-Backed Anthropic
Elon Musk-led xAI disclosed on Thursday that it has raised $6 billion, with nearly 97 investors participating in the ...
3d
on MSN
OpenAI CEO 'not that worried' about Elon Musk's influence in Trump administration
NEW YORK -- OpenAI CEO Sam Altman, who is in a legal dispute with rival Elon Musk, said said he is “not that worried” about ...
2d
on MSN
OpenAI’s Sam Altman Warns Of Rapid Disruption From “Superintelligence”, Talks Elon Musk, New Models For Content Creators
OpenAI’s Sam Altman warned of rapid disruption from "superintelligence”, talks Elon Musk and new models for content creators ...
4d
on MSN
Elon Musk could still pocket tens of billions more dollars. But he might have to wait a bit
Elon Musk isn’t getting the $101 billion windfall he so desperately wanted. But he’s still among the richest people on the ...
2d
on MSN
Meta to build $10 billion AI data center in Louisiana as Elon Musk expands his Tennessee AI facility
Meanwhile, Elon Musk’s AI startup, xAI, is expanding its existing supercomputer project in Memphis, Tennessee.
2d
Meta to build $10 billion AI data center in Louisiana, Elon Musk’s xAI to expand Memphis facility
The largest artificial intelligence data center ever built by Facebook’s parent company Meta is coming to northeast Louisiana ...
ET Now on MSN
4h
Elon Musk's Grok AI chatbot is now FREE - But there's a catch
Musk
's
artificial
intelligence
company xAI launched Grok last year in 2023 ... topics but also do tasks like coding and ...
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