Elon Musk, AI

Elon Musk’s xAI lands $6B in new cash to fuel AI ambitions
Nevertheless, the deals — and xAI’s developer and consumer-facing products — have driven xAI’s revenue to around $100 million a year. For comparison, Anthropic is reportedly on pace to generate $1 billion in revenue this year, and OpenAI is targeting $4 billion by the end of 2024.
Elon Musk’s xAI raises $6B to bolster battle against OpenAI: ‘Gonna need a bigger compute!’
Elon Musk’s artificial intelligence startup xAI revealed that it raised $6 billion in its latest funding round as the startup continues to ramp up in its battle against bitter rival OpenAI.
Elon Musk's xAI raises $6 billion from Nvidia, AMD, and others
In total, 97 investors were involved in this round of funding, with the minimum investment per participant pegged at $77,593. Investors were only allowed to participate
OIA Pumps Undisclosed Investment In Elon Musk’s xAI
The sovereign wealth fund of the Sultanate of Oman, Oman Investment Authority (OIA), has invested in Elon Musk’s artificial intelligence (AI) startup, xAI, for an undisclosed stake. The investment is
Elon Musk’s xAI raises $6 billion in new funding
Written by Kate Conger The artificial intelligence company founded by Elon Musk, xAI, said on Monday that it had raised $6 billion, giving the startup a major lift as it competes with rivals, including OpenAI.
Elon Musk’s xAI Scores $6 Billion with NVIDIA and AMD Driving AI Model and Supercomputer Growth
Elon Musks xAI has closed a $6 billion funding round powered by NVIDIA and AMD investments. The funding will scale AI supercomputers, train Grok 3, and support the launch of innovative consumer and enterprise products.
Explainer: Why OpenAI plans transition to public benefit corporation
OpenAI on Friday laid out a plan to transition its for-profit arm into a Delaware public benefit corporation (PBC) to help it ...
Meet the power players at Elon Musk's xAI, the startup taking on OpenAI with its Grok chatbot
Meet the key figures at Elon Musk's xAI, the $50 billion startup behind the chatbot Grok that's taking on ChatGPT.
OpenAI reveals plan to convert to public benefit corporation
OpenAI announced plans to become a public benefit corporation and shed the control of its nonprofit board. Elon Musk and Meta ...
Leaked Documents Show OpenAI Has a Very Clear Definition of ‘AGI’
But OpenAI has received more than $13 billion in funding from Microsoft over the years, and that money has come with a ...
Cryptopolitan on MSN1d
OpenAI admits it needs more cash for its for-profit vision
OpenAI is officially done pretending it can run like a charity. On Friday, the company announced it has finalized plans to ...
OpenAI Outlines New For-Profit Structure to Drive AI Innovation Forward
OpenAI, the creator of ChatGPT, announced a significant restructuring plan to transition its for-profit arm into a Public ...
Sam Altman's OpenAI Plans Major Revamp Of Corporate Structure
OpenAI plans to restructure into a for-profit company in 2025, highlighting the need for significant capital. This move has ...