xAI

Tesla Inc (NASDAQ:TSLA) is once again at a crossroads — and this time, it’s not about Cybertrucks, Full Self-Driving, or new gigafactories. On Monday, Elon Musk announced that Tesla shareholders will vote on a potential investment in his AI venture, xAI. The proposal has Wall Street asking a...

The artificial intelligence startup, xAI, backed by Elon Musk, is facing backlash from its employees over the introduction of a controversial workforce management system. What Happened: The company has been encouraging its staff to install a software called Hubstaff on their personal laptops....

Wall Street watched history unfold as Nvidia Corp. (NASDAQ:NVDA) became the first company to hit a $4 trillion market cap, capping off a week of market-moving headlines. In a surprising diplomatic turn, U.S. Secretary of State Marco Rubio called recent talks with Chinese Foreign Minister Wang Yi...

Venture capitalist Chamath Palihapitiya has amplified an observation about Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk's efficiency in building cutting-edge AI, despite spending far less than rivals like Meta Platforms Inc. (NASDAQ:META). What Happened: Following the launch of Grok 4, Musk's most...

Elon Musk‘s artificial intelligence startup xAI has launched Grok 4, positioning it as the world’s most powerful AI model according to benchmarks that show it outperforming OpenAI‘s ChatGPT, Google‘s Gemini, and Anthropic‘s Claude. What Happened: The new model debuts...

Tesla Inc (NASDAQ:TSLA) analyst Dan Ives isn’t being quiet when it comes to CEO Elon Musk’s political drama, even though Musk directly told him to “shut up.” What Happened: Tuesday on CNBC’s “The Exchange,” Ives stood firm on his call for the Tesla board to...

Elon Musk's artificial intelligence startup xAI has received official approval to operate natural gas-burning turbines at its Memphis-based supercomputer facility, despite community backlash and an ongoing lawsuit over air quality concerns. What Happened: The Shelby County Health Department issued...

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk says that the EV giant is working closely with the billionaire's AI venture xAI, which works on the AI model Grok. What Happened: "Tesla works closely with xAI," Musk said at an interview with Y Combinator on Thursday. The billionaire also highlighted the...

The data center operated by Elon Musk‘s xAI in Memphis is facing potential legal action for running a fleet of natural gas turbines without the necessary permits. What Happened: The Southern Environmental Law Center (SELC) sent a letter to xAI, threatening legal...

Elon Musk’s AI venture, xAI, is reportedly on the brink of securing a $5 billion debt raise, led by Morgan Stanley, despite modest investor interest. What Happened: The $5 billion debt offering—comprising a floating-rate term loan, a fixed-rate loan, and secured bonds—is scheduled to be...

Tron (CRYPTO: TRON), the digital asset platform founded by crypto billionaire Justin Sun, is preparing to go public in the U.S. through a reverse merger with collectibles company SRM Entertainment (NASDAQ:SRM). Financial Times reported, quoting sources, that Dominari Securities, a New York-based...

Elon Musk's artificial intelligence venture xAI is reportedly seeking to raise $5 billion through loans and bonds with the help of Morgan Stanley (NYSE:MS), amid lingering debt concerns from his Twitter acquisition and a political split with Donald Trump. What Happened: Morgan Stanley has begun...

Chipmaker Nvidia Corp. (NASDAQ:NVDA) may have carved out a lead for itself in AI that is nearly impossible to dislodge, according to a former Advanced Micro Devices Inc. (NASDAQ:AMD) engineer, who believes that the latter might still have an upper hand across a few niche areas. What Happened: On...

Elon Musk‘s artificial intelligence startup xAI is pursuing a $300 million share sale that would value the combined entity at $113 billion. The secondary offering allows existing staff to sell shares to new investors while validating the price tag established during xAI’s March...

Elon Musk announced the launch of the XChat messaging app with claimed Bitcoin (CRYPTO: BTC) -style encryption, but cybersecurity experts are challenging the technical accuracy of the platform’s security assertions. What Happened: Musk unveiled XChat on Sunday, promoting the app as built on...