Elon Musk's AI startup xAI is rapidly burning through cash — spending $1 billion a month and projecting $13 billion in losses for 2025 — as it races to build massive AI infrastructure and ...

xAI, which is responsible for the development of the AI-powered chatbot Grok, projects it will burn through about $13 billion in 2025, or over $1 billion per month, just to maintain its operations.

Elon Musk’s xAI aims high with a $5 billion loan and $113 billion valuation, highlighting the startup’s rapid rise in the competitive AI market.

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 ...

Elon Musk's generative artificial intelligence startup xAI is going through $1B a month, amid an increase in costs, Bloomberg reported. Read for more.

XAI Corp., the artificial intelligence startup founded by Elon Musk, is arranging a $5 billion debt sale that will help the company to keep up its lavish spending on data center infrastructure as it s ...

Sakana AI: In September, Nvidia invested in the Japan-based startup, which trains low-cost generative AI models using small datasets. The startup raised a massive Series A round of about $214 ...

Elon Musk's AI startup xAI will pay Telegram $300 million to deploy its Grok chatbot on the messaging app, aiming to tap the platform's more than one billion users and sharpen its competitive edge ...