The company is currently trying to raise US$9.3 billion in debt and equity to cover the gap. Read more at straitstimes.com.

The rate at which the company is bleeding cash provides a stark illustration of the unprecedented financial demands of the ...

By enhancing search capabilities through advanced AI models, users can redefine how they interact with the Internet in their online search.

Elon Musk's artificial intelligence startup xAI is burning through $1 billion a month as the cost of building its advanced AI ...

Between its founding in 2023 and the debt sale this year, xAI raised $14 billion through equity fundraising, the report said ...

A new $200 million contract with the Department of Defense puts OpenAI ahead in the race to bring AI to government.

With tech platforms reducing human fact-checkers, users are leaning on AI chatbots like xAI's Grok, OpenAI's ChatGPT, and ...

The hunter, hunted: an Italian teacher catches one of his students using ChatGPT on a paper he handed in, which has sparked ...

The company, xAI, has installed several dozen turbines in Memphis without proper permits, the group said, polluting a nearby ...

Elon’s xAI is burning over $1 billion every month and plans to spend $13 billion in 2025. The company is raising $9.3 billion ...

It was Jan. 30, 2022, one day after a police officer named John O’Keefe had been found abandoned in the snow. A spokesman for ...

Musk's company, which is responsible for the AI chatbot Grok, needs the new money, in part, because it has already spent most ...