Jared Birchall, who heads Musk's family office, was telling prospective investors that xAI was raising $3 billion at a $15 billion pre-money valuation. Sequoia Capital and Future Ventures, the venture fund co-founded by Musk’s longtime friend Steve Jurvetson,

Elon Musk's OpenAI competitor is getting ready to raise some big money from Silicon Valley.According to new, anonymously-sourced reports from The Information and TechCrunch, Musk's AI company xAI is currently raising $6 billion on a $18 billion pre-money valuation,

Elon Musk’s artificial intelligence startup X.AI Corp. is nearing a deal to raise $6 billion in a funding round that would value the company at $18 billion, according to a person familiar with the matter.

Billionaire Elon Musk has taken OpenAI to court for abandoning its principles and turning into a for-profit entity.

OpenAI says Elon Musk's claim that the company has abandoned its altruistic principles in pursuit of profits is nothing more than "revisionist history.

The carmaker's profits fell 55% in the first quarter of 2024. Elon Musk faces major challenges in Tesla's EV and AI efforts.

Elon Musk’s involvement with OpenAI began with visions of a nonprofit promoting beneficial AI for the public, but as funding demands grew, disagreements emerged over shifting to a for-profit model. This led to Musk’s legal battles against OpenAI for deviating from its foundational mission,

Elon Musk king of the universe through xAI taking in $6B of investment and it determined to create a valuation of $18B as pre-money according to TechCrunch and the information sources. The funding round,

Artificial intelligence (AI) startup xAI, owned by billionaire Elon Musk is close to reaching $6b in investor support. Musk has been outspoken about his aims to win the war to be crowned the American leader in the AI industry.