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 ...

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily ...

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.