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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 lands billions in new cash to fuel AI ambitions
AI, Elon Musk’s AI company, has raised $6 billion, according to a filing with the U.S. Securities and Exchange Commission on Thursday. Investors gave a minimum of $77,593, per the filing. 97 participated,
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 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
Trump picks David Sacks as the White House's AI and crypto czar
Trump appointed David Sacks as White House artificial intelligence and crypto czar. Sacks, a former PayPal COO, co-founded Craft Ventures and invested in major tech firms. He's closely linked to Elon Musk,
Trump letting Elon Musk steal spotlight
Opinion
Trump Gives Elon Musk a Huge Gift With Latest Appointment
In a post on Truth Social, Donald Trump announced the appointment of Paypal COO David Sacks to a new position with an influential-sounding title: “White House A.I. & Crypto Czar.”
‘This is insane’: Trump letting Elon Musk steal the spotlight
Maybe Donald Trump doesn't have the actual energy to do the job. Maybe letting Elon Musk basically conduct diplomacy and talk to Hill lawmakers while Trump collects awards from his fans is just the division of labor Trump can handle,
Elon Musk spends $277 million to back Trump and Republican candidates
Elon Musk was the largest donor in the 2024 election cycle, spending at least $277 million to back President-elect Donald Trump and other Republican candidates.
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 ...
5h
on MSN
Elon Musk’s xAI makes its ChatGPT rival Grok chatbot available to all X users for free
Elon Musk's xAI has made its Grok AI chatbot free for all X users. Previously limited to premium subscribers, Grok now allows ...
11d
On Facebook, Elon Musk is an invention superhero. But many of these posts are made up
Facebook users post AI-generated images that make fake devices seem real, and they make it seem as if Elon Musk was behind ...
Observer
16h
Sam Altman Clarifies OpenAI’s ‘Tension’ With Microsoft (and Elon Musk)
Someone Altman undoubtedly does have tension with, however, is Musk. One of OpenAI’s original co-founders, Musk is currently ...
2d
on MSN
Meta to build $10 billion AI data center in Louisiana as Elon Musk expands his Tennessee AI facility
Facebook’s parent company Meta says it will build a $10 billion artificial intelligence data center in northeast Louisiana ...
2d
on MSN
OpenAI’s Sam Altman Warns Of Rapid Disruption From “Superintelligence”, Talks Elon Musk, New Models For Content Creators
CEO of ChatGPT parent OpenAI Sam Altman said he expects the economic disruption caused by artificial intelligence “to take a ...
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 ...
1h
Bill Gates' book list, Elon Musk vs. Sam Altman, and Bob Iger's 4 a.m. wakeup: Leadership news roundup
Bill Gates shared a list of the four books he “enjoyed” reading this year, including ones focused on artificial intelligence ...
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