A lot of compute is needed,” Mr. Musk said in a post about the financing, in which BlackRock, Fidelity and Sequoia ...

Fidelity has boosted its valuation of the two Musk startups for the third month in a row, according to recent filings.

In total, 97 investors were involved in this round of funding, with the minimum investment per participant pegged at $77,593.

Billionaire Elon Musk is known for his interconnected web of companies. Jonathan Raa/NurPhoto via Getty Images Besides injecting a total of $11 billion into xAI, the funding rounds signify that ...

Elon Musk’s artificial intelligence startup xAI has raised another $6 billion from investors as it ramps up competition with Sam Altman-led OpenAI, according to a regulatory filing. XAI – whic ...

xAI, Elon Musk’s AI company, has raised $6 billion in a Series C financing round. The company announced this week that Andreessen Horowitz , Blackrock, Fidelity, Lightspeed, MGX, Morgan Stanley ...

TL;DR: Elon Musk's xAI startup plans to expand its Colossus AI supercomputer by tenfold, reaching over 1 million GPUs. The expansion involves increasing the facility size in Memphis, Tennessee ...

Elon Musk’s artificial intelligence startup xAI Corp. announced today that it has raised $6 billion in new equity financing as the company seeks to expand its supercomputer facility even more to ...

Elon Musk employs distinctive hiring standards. Musk prioritizes exceptional work, critical thinking, and problem-solving ...

Elon Musk becomes the first person to achieve a $500 billion net worth, driven by Tesla, SpaceX, and innovative ventures like ...

xAI, Elon Musk's AI company, has raised $6 billion in a Series C financing round. The company announced this week that Andreessen Horowitz , Blackrock, Fidelity, Lightspeed, MGX, Morgan Stanley ...