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The potential valuation comes amidst talks involving Saudi Arabia's sovereign wealth fund, which holds an indirect stake ...
Tesla, the electric car company, may soon ask its shareholders to vote on a major investment in a company called xAI. This announcement comes after reports surfaced that another one of the billionaire ...
Billionaire investor Chamath Palihapitiya sparked speculations regarding a potential megamerger between Elon Musk's biggest ...
Per the Wall Street Journal, the investment by SpaceX is part of a $5 billion equity fundraise by Morgan Stanley for xAI.
The startup is leaning on Musk’s business empire to play catch-up in the AI race.
If it succeeds, it could push its value as high as $200 billion, 10 times its valuation from early last year, according to ...