xAI
Musk’s xAI Amasses $10B, Sets Sights on Creating the World’s Most Powerful AI
July 2, 2025 – According to a CNBC post on July 1, Elon Musk has secured a whopping 10billiontofuelhisAIambitionsandintensifythecompetitionwithOpenAI.Thisfundingcomesintheformofa5 billion debt and $5 billion equity combination. Morgan Stanley revealed on the same day that xAI, the AI company led by Musk, has raised a total of 10billionthroughamixofdebtandequity.Specifically,5 billion was obtained via secured notes and term…
xAI’s Financial Gap: 13BAnnualBurnvs.500M Revenue Prediction Poses Huge Challenge
June 19, 2025 – Bloomberg reported yesterday that Elon Musk’s AI venture, xAI, is pouring substantial resources into developing cutting-edge AI models like Grok, with massive investments in server clusters and specialized chips. The company is reportedly burning through $1 billion each month to fuel its ambitious projects. Projections indicate that xAI’s annual expenditures could…
xAI, Led by Musk, Eyes $120B Valuation in Ongoing Funding Negotiations
May 9 2025 – According to a report from The New York Times today, Elon Musk’s AI startup, xAI, is currently engaged in discussions for a fresh round of funding, with its valuation potentially skyrocketing to $120 billion. In contrast, its rival, OpenAI, recently secured a new funding round in March this year, catapulting its…
Musk’s xAI Unveils Image Creation API at $0.07 per Image Cost
March 21, 2025 – Elon Musk’s artificial intelligence venture, xAI, has announced the integration of an image generation capability to its Application Programming Interface (API). Currently, this feature is exclusively powered by the “grok-2-image-1212” model, which can produce up to ten images based on a given prompt, processing a maximum of five requests per second….
Elon Musk Confirms: xAI to Launch AI-Driven Game Studio
February 18, 2025 – In a recent post on X platform, blogger Dima Zeniuk shared a photo of Elon Musk with several others, along with a caption announcing that xAI will be launching an AI game studio. This news was later confirmed by Musk himself. The move comes after Musk expressed his opposition to “woke…
Elon Musk’s xAI Aims for 75BillionValuationwith10 Billion Funding Round
February 15, 2025 – According to sources cited by Bloomberg today, Elon Musk’s artificial intelligence venture, xAI, is in the process of seeking around 10billioninfunding,whichisexpectedtopropelthecompany′svaluationtoastaggering75 billion. Existing investors, including Sequoia Capital, Andreessen Horowitz, and Valor Equity Partners, are reportedly in discussions to participate in this latest funding round. However, the source cautioned that the specific…
xAI Valuation Skyrockets, Rewarding Twitter Acquisition Backers
November 29, 2024 – Investors who backed Elon Musk’s acquisition of Twitter are poised to reap significant benefits from the soaring valuation of his artificial intelligence venture, xAI, according to reports from the Financial Times. Musk has offered a 25% stake in xAI, which he founded last year to rival competitors like OpenAI and Anthropic,…
xAI Raises $6 Billion to Bolster AI Capabilities with 100,000 Nvidia GPUs
November 16, 2024 – According to a report published by CNBC yesterday (November 15th), Elon Musk’s AI venture, xAI, is gearing up to raise a fresh round of funding, targeting a valuation of 50billion.Thecompanyintendstoutilizethesefunds,amountingtoamaximumof6 billion, towards the procurement of 100,000 Nvidia GPUs. This significant investment is aimed at establishing the Memphis data center. Reports indicate…
xAI Unveils API, Enabling Grok Integration into Third-Party Apps
October 22, 2024 – Elon Musk’s artificial intelligence company, xAI, has officially unveiled its Application Programming Interface (API), empowering developers to integrate Grok into other applications. Musk announced this news on Monday, accompanied by the release of the API link on the xAI website. Prior to this, Musk had confirmed plans to offer an API…
Musk’s xAI Set to Complete Funding Round, Valuation Could Top $24 Billion
May 24, 2024 – According to sources familiar with the matter, as quoted by Bloomberg, Elon Musk’s artificial intelligence venture, xAI, is on track to complete a funding round in June, potentially pushing its valuation to over $24 billion. Initially, the company had aimed to secure around $6 billion in funding earlier this month. However,…