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 »
Elon Musk’s xAI is the subject of scrutiny in Memphis, where natural gas turbines powering its Colossus data center have raised alarm among residents concerned about air pollution. On Tuesday, the City of Memphis released the results of initial air quality testing performed by a third party, saying that levels of the 10 pollutants tested
Air quality tests around xAI’s Memphis data center raise questions Read More »
Leaked code suggests xAI is developing an advanced file editor for Grok with spreadsheet support, signaling the company’s push to compete with OpenAI, Google, and Microsoft by embedding AI copilots into productivity tools. “You can talk to Grok and ask it to assist you at the same time you’re editing the files!” writes reverse engineer
Leak reveals Grok might soon edit your spreadsheets Read More »
The Colossus data center operated by xAI outside of Memphis is facing a lawsuit for operating a fleet of natural gas turbines without permits. “Over the past year, xAI has installed and operated at least 35 combustion turbines and other sources of air pollution at the Colossus site without ever obtaining the necessary preconstruction or
xAI is facing a lawsuit for operating over 400 MW of gas turbines without permits Read More »
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 »
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 NAACP is calling on local officials to halt operations at Colossus, the “supercomputer” facility operated by Elon Musk’s xAI in South Memphis. As reported in NBC News, leaders from the civil rights group sent a letter Thursday to the Shelby County Health Department and Memphis Light Gas and Water criticizing the organizations’ “lackadaisical approach
NAACP calls on Memphis officials to halt operations at xAI’s ‘dirty data center’ Read More »
Telegram CEO Pavel Durov on Wednesday said Elon Musk’s AI company, xAI, is investing $300 million worth of cash and equity in the chat app. As part of the deal, xAI’s chatbot, Grok, will be distributed via Telegram and integrated into apps available on Telegram’s platform for one year. Durov said Telegram will earn 50%
xAI to invest $300M in Telegram, integrate Grok into app Read More »
Telegram has struck a partnership with Elon Musk’s AI company, xAI, to distribute the latter’s chatbot, Grok, via Telegram and integrate it into apps available on the chat app’s platform for one year. xAI will pay $300 million in cash and equity to the chat app as part of the deal, Telegram’s CEO Pavel Durov
xAI to pay Telegram $300M to integrate Grok into the chat app Read More »
Humain, the state-owned AI company from Saudi Arabia, is on track to launch a $10 billion venture fund, Humain Ventures, that will invest in startups in the U.S., Europe and Asia, The Financial Times reported, quoting Tareq Amin, Humain’s CEO. Humain is in talks with U.S. firms like Andreessen Horowitz, OpenAI and Elon Musk’s xAI
Humain planning $10B VC fund to invest in US, European and Asian startups Read More »
