The average yield-to-maturity on high-yield bonds ended at 7.6%. Musk’s AI company has to pay quite a bit higher because xAI ...

Elon Musk’s artificial intelligence firm xAI is reportedly in talks to raise $9.3 billion in debt and equity financing – and is projected to burn through more than $1 billion per month year as ...

Elon Musk has promised that his AI business, xAI, will help to revolutionize society. Before it can do that, however, the company is going to need to become fiscally viable—a goal it hasn’t ...

Oracle and xAI have announced a partnership that will bring xAI’s Grok models to Oracle Cloud Infrastructure (OCI), enabling enterprise customers to deploy the advanced generative AI models via ...

The latest figures, reported by Bloomberg News on Tuesday, deal with Elon Musk’s xAI: That’s more than $1 billion burned every month, in other words, making it necessary for that prolific ...

Elon Musk’s artificial intelligence startup xAI is burning through $1 billion a month as the cost of building its advanced AI models races ahead of the limited revenues, according to people briefed on ...

xAI, owned by Elon Musk, is expanding its Memphis supercomputer project significantly, including increasing GPU capacity and acquiring more land. Key players involved in the project include xAI ...

MEMPHIS, Tenn. (AP) — The NAACP filed an intent to sue Elon Musk’s artificial intelligence company xAI on Tuesday over concerns about air pollution generated by a supercomputer located near ...

(Bloomberg) -- Morgan Stanley is reaching out to a broader pool of investors to shore up demand for a $5 billion debt sale for Elon Musk’s artificial intelligence startup xAI Corp., a deal that ...

Elon Musk’s artificial intelligence company xAI has “agreed in principle“ to integrate its AI chatbot Grok across Telegram, says the messaging platform’s CEO, Pavel Durov. Durov said in a ...

MEMPHIS, Tenn. (AP) — The NAACP and an environmental group said Tuesday that they intend to sue Elon Musk’s artificial intelligence company xAI over concerns about air pollution generated by a ...

xAI's rapid expansion in Memphis raises questions about powering its facilities and future growth. The company's Colossus 2 supercomputer requires a gigawatt of power, posing a challenge for ...