The initiative hadn’t been planned to include xAI’s Grok model as recently as March, the former Pentagon employee said.

Elon Musk is reportedly seeking up to $12 billion, just weeks after raising $10 billion for xAI to stay competitive in the costly AI race.

AI accounted for nearly two-thirds of all fundraising deal value in the first half of 2025, with the bulk of those dollars ...

Forced by the stalled $500B Stargate project with SoftBank, OpenAI is reopening its $40B funding round to seek urgent ...

Elon Musk's xAI is seeking $12 billion more to lease Nvidia chips for a second AI data centre, Colossus 2, as it races to ...

XAI is tapping into the booming private-credit market to find the cash it needs to build massive data centers.