Several backers of Elon Musk’s $44 billion acquisition of X are now set to receive a windfall from their investments in xAI.

Elon Musk’s artificial intelligence startup xAI disclosed Thursday it raised $6 billion in equity financing—the company’s ...

Elon Musk’s xAI, a rapidly growing artificial intelligence company has announced the successful completion of its Series B ...

AI, has made waves in the tech world with its second major fundraising round of 2024, securing an additional $6 billion.

Meanwhile, Fidelity is also an investor in Musk's xAI artificial intelligence startup—which is training its large language model on X data—and marked up the value of its stake by around 70% in October ...

Trump’s ‘First Buddy,’ the world’s richest person, donated more than $250 million to Trump-aligned PACs this year ...

The Grok AI chatbot on X has been limited to Premium users. However, as first spotted by The Verge, starting on Friday, free ...

It was a year of high-stakes drama at the company that has brought generative AI to anyone with an internet connection. Next ...

Global AI investment in 2024 has already surpassed how much funding the industry received in 2023, even before factoring in ...