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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. XAI – which created that snarky “Grok” chatbot available on Musk’s social media site X – raised the funds from a total of 97 investors,
Elon Musk’s xAI lands $6B in new cash to fuel AI ambitions
The new cash brings xAI’s total raised to $12 billion, adding to the $6 billion tranche xAI raised this spring. CNBC reported in November that xAI was aiming for a $50 billion valuation — double its valuation as of six months ago.
Elon Musk's xAI plans 10x expansion of Colossus AI cluster, with over 1 million AI GPUs
Elon Musk's xAI startup pledges to expand its Colossus AI supercomputer power by 10x where it will use more than 1 million AI GPUs at once.
Elon Musk's xAI is expanding its Memphis supercomputer to house at least 1 million GPUs
AI's planned expansion aims to boost AI development and outpace rivals like OpenAI and Google.
Elon Musk's xAI secures $6B to advance its AI ambitions
Shortly after its inception, xAI launched Grok, a top-of-the-line generative AI model. The model now powers a number of features on X, including a chatbot for X Premium subscribers and free users in select regions.
Elon Musk’s xAI raises $6B to scale up GPU infrastructure
Reports that xAI was seeking to raise additional funding emerged in October, with reports suggesting that the company was seeking to raise “several billion dollars” on a $40 billion valuation. The company had previously raised $6 billion on a $24 billion valuation in May.
Trump picks Musk ally David Sacks
Elon Musk Trolls Sam Altman After Trump Names David Sacks AI Czar
Elon Musk mocked rival Sam Altman after the OpenAI boss congratulated Donald Trump’s new “White House A.I. and Crypto Czar” David Sacks. The appointment of Elon Musk’s friend and fellow tech titan is the latest illustration of the Tesla founder’s influence in the president-elect’s new administration.
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.
Who is David Sacks? Elon Musk’s former PayPal ally turned AI & Crypto Czar in Trump’s administration
Donald Trump appointed David Sacks, former PayPal executive and venture capitalist, as the White House AI and Crypto Czar. Sacks, a member of the "Pay
3h
on MSN
Elon Musk might end up becoming a 'political puppet master' under Trump, says a key Zuckerberg ally
Elon Musk is "playing an outsized role" in US politics, said Meta's president of global affairs, Nick Clegg.
6h
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 ...
2h
Altman Now Musk’s Fanboy, Meta Turns To James Cameron, Plus More Cinematic AI
At the New York Times' DealBook Summit, OpenAI CEO Sam Altman dismissed concerns Musk might use his political influence to ...
Opinion
13d
Opinion
What if Elon Musk is our best hope for AI caution under Trump?
Musk has warned for years about the dangers of artificial intelligence. Then again, he stands to make a lot of money off it.
23h
on MSN
Nvidia Stock Rises. What Musk, Meta’s Big Plans Mean for AI Chips.
Nvidia stock was rising on Thursday and new data-center plans from Elon Musk’s artificial-intelligence start-up and Meta ...
22h
Dell Deploys Tens of Thousands of Chips for AI at Musk’s Memphis Supercomputer
Dell Technologies Inc. has deployed tens of thousands of graphics processing units to power artificial intelligence work at ...
Analytics India Magazine
1d
Elon Musk, Demis Hassabis Collaborate to Build an AI Game
Google DeepMind recently introduced Genie 2, a large-scale foundation world model capable of generating a wide variety of ...
23h
Delaware judge rules against Elon Musk’s $56B pay package again
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here ...
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