Elon Musk's xAI aims for a $113 billion valuation through a $300 million share sale and a $5 billion debt package from Morgan Stanley.

Elon Musk’s artificial intelligence startup xAI is allowing employees to sell $300 million worth of shares to investors, in a deal that values the company at $113 billion. That’s the same price for ...

In addition to the debt sale, xAI is also selling $US300 million in stock that values the company at $US113 billion, ...

The deal would allow employees to sell shares to investors. Read more at straitstimes.com. Read more at straitstimes.com.

As Mr. Musk steps away from Washington, he faces concerns over his prolonged absence from his businesses including Tesla, ...

Tesla CEO Elon Musk is ramping up predictions that AI and robotics will soon reshape the global economy. In a May 23rd X post ...

Memphis landed a $12 billion project to house Elon Musk’s supercomputer, which some say will transform the city. It has been ...

Evangelical leaders praised Trump as the "AI President," and urged responsible AI development to balance economic prosperity with ethical concerns in a new letter.

San Francisco's vacancy rate is expected to decline later this year thanks to OpenAI and other AI startups that are leasing ...

In an interview with Sen. Ted Cruz (R-TX) in March, Musk said that within 10 years, “AI could probably do anything better ...

Robert F. Kennedy Jr. was called out for using fake studies in his AI-generated report. But in fixing them, he just inserted ...