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Musk's xAI quarterly net loss widens to $1.46 billion

Elon Musk's artificial intelligence startup xAI reported a net loss of $1.46 billion for the September quarter, compared with a loss of $1 billion in the previous three months, Bloomberg News has reported, citing internal documents.

Business • 09 Jan

Bubble Trouble: Is too much being spent on AI?

Firms are spending hundreds of billions of dollars on artificial intelligence with little to show for it, leading many major tech and trading exports to conclude that the industry is in a bubble, writes Adam Maguire.

Business • 11 Nov 25

Musk suggests Tesla investor vote on xAI investment

Elon Musk ruled out a merger between Tesla and xAI but said he plans to hold a shareholder vote on investment in the artificial intelligence startup by the automaker, in the latest step to deepen integration across his business empire.

Business • 14 Jul 25

The EU is seeking more information from Elon Musk's X about changes to its corporate structure

EU probing corporate structure of X after xAI deal

The European Union said it was seeking more information from Elon Musk's X about changes to its corporate structure, months after the social media platform was bought by xAI in a $33 billion deal.

Business • 20 Jun 25

X has more than 600 million users, and its future is 'intertwined' with that of xAI, launched two years ago, according to Elon Musk

Elon Musk says xAI startup buying X platform

Elon Musk has said his artificial intelligence startup xAI is buying his social networking platform X in a deal valuing the company once known as Twitter at $33 billion.

Business • 31 Mar 25

The $6 billion will be used to take xAI's first products to market, build advanced infrastructure and accelerate research and development of future technologies

Elon Musk's xAI raises $6 billion in fresh funding

Elon Musk's artificial intelligence startup xAI has raised $6 billion in a Series B funding round backed by investors including Andreessen Horowitz and Sequoia Capital among others, the company said in a blog post.

Business • 27 May 24

Elon Musk's artificial intelligence startup xAI is to pen-source its ChatGPT challenger 'Grok' this week

Musk to make xAI's Grok chatbot open - source

Elon Musk said today his artificial intelligence startup xAI would open-source its ChatGPT challenger "Grok" this week, days after he sued OpenAI for abandoning its original mission in favour of a for-profit model.

Business • 11 Mar 24

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