Elon Musk’s AI Venture xAI Devours Nearly $8 Billion in First Nine Months

January 9, 2026 – According to internal documents obtained by Bloomberg, Elon Musk’s artificial intelligence (AI) firm xAI is burning through cash at an alarming rate. The company’s heavy investments in data center infrastructure, talent acquisition, and software development have led to soaring losses, all in pursuit of supporting its ambitious humanoid robot project. Data…

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Musk-Backed xAI Hits Jackpot with $20B Series E, Far Exceeding Initial Fundraising Expectations

January 7, 2026 – Elon Musk’s AI startup, xAI, made a significant announcement today, revealing that it has successfully closed a massive 20billionSeriesEfundinground,surpassingitsinitialtargetof15 billion. According to xAI, the round attracted investments from a diverse group of high-profile backers. Valor Equity Partners, Fidelity, and the Qatar Investment Authority (QIA) were among the key institutional investors. Additionally,…

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NVIDIA CEO Declares Deepseek-R1 a Stunning Open-Source Triumph

January 6, 2026 – At CES 2026, NVIDIA’s CEO Jensen Huang unveiled the cutting-edge Vera Rubin chip, along with a suite of innovative models and datasets spanning four key sectors: language processing, robotics, autonomous driving, and healthcare. These advancements are set to further accelerate AI innovation across industries. Huang emphasized that open-source models have now…

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