Elon Musk’s AI company, xAI, has raised $10 billion in debt and equity, Morgan Stanley confirmed on Monday. In a post on X, the financial giant said xAI had raised $5 billion in debt and another $5 billion in a separate strategic equity transaction. “The combination of debt and equity reduces the overall cost of […]
xAI raises $10B in debt and equity Read More »
Just a few days after launching a limited robotaxi service in Austin, Texas, Tesla pulled off an additional stunt meant to show off the progress of its self-driving car software. The company let a Model Y SUV drive roughly 15 miles from Tesla’s factory to the apartment complex where the car’s new owner lives, completing
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Omead Afshar, Tesla’s vice president in charge of sales and manufacturing in North America and Europe, has reportedly been fired by CEO Elon Musk, according to Forbes. It’s not immediately known why Musk fired Afshar, who was one of his top lieutenants and closest confidants at the company. Afshar, Musk, and Tesla did not respond
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Elon Musk’s startup xAI is trying to raise a $4.3 billion equity investment, according to a report from Bloomberg. This equity funding would be in addition to the $5 billion that Musk is allegedly trying to raise in debt funding for the combined entity of X and xAI. The company appears to be raising money
Elon Musk’s xAI is reportedly seeking a $4.3B equity raise Read More »
Tesla CEO Elon Musk said his company will start offering public rides in driverless vehicles in Austin, Texas on June 22, which would mark the beginning of his long-promised robotaxi service. That date could shift because Musk claimed Tesla is “being super paranoid about safety.” Tesla Model Y SUVs have been spotted in recent days
Musk targets June 22 launch of Tesla’s long-promised robotaxi service Read More »
While the online feud between Elon Musk and President Donald Trump seemed to drive traffic to Musk’s social media platform X (formerly Twitter), it could also create issues for the platform’s parent company xAI. Musk merged X and xAI earlier this year, with Bloomberg reporting this week that he was looking to raise $5 billion
Will Musk vs. Trump affect xAI’s $5 billion debt deal? Read More »
The head of Tesla’s Optimus humanoid robot program, Milan Kovac, is leaving the company, according to Bloomberg News. The departure comes as Tesla CEO Elon Musk has claimed the company will have “thousands” of Optimus robots operating in its factories by the end of this year. “And we expect to scale Optimus up faster than
Tesla’s Optimus robot VP is reportedly leaving the company Read More »
President Donald Trump and his biggest political supporter Elon Musk are breaking up in the most public and 21st century way — via their own social networks. And while many predicted the Trump-Musk pair up would eventually sour, it’s still worth asking and trying to answer, “How did we get here?” Until recently, Musk has
Why are Elon Musk and Donald Trump fighting? Read More »
Well, it finally happened. This town wasn’t big enough for the two towering egos of billionaire Elon Musk and President Donald Trump, and now they’re duking it out publicly, albeit from their own separate corners of the web. Musk is taking to his own social media platform, X, to take jabs at Trump, and Trump
Social network X has changed its developer agreement to prevent third parties from using the platform’s content to train large language models. In an update on Wednesday, the company added a line under “Reverse Engineering and other Restrictions,” a subsection of restrictions on use: “You shall not and you shall not attempt to (or allow
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