US EditionSpaceX to invest $2 billion in Musk's xAI startup, WSJ reports
- SpaceX has committed $2 billion to xAI as part of a $5 billion equity round, according to the Wall Street Journal.
- This investment strengthens ties between Elon Musk's ventures while xAI competes with OpenAI.
- The combined company, following xAI's merger with X, is valued at $113 billion, according to the Wall Street Journal.
- Musk described Grok as 'the smartest AI in the world,' despite recent controversies over its responses.
16 Articles
16 Articles
SpaceX Agrees to Invest $2 Billion into xAI
One of Elon Musk’s companies is giving another a helping hand. SpaceX, Musk’s rocket and satellite internet company, will invest $2 billion in xAI, the artificial intelligence startup that Musk recently merged with X, the social media service, The Wall Street Journal reported. The investment represents nearly half of a $5 billion equity fundraising round for xAI announced by Morgan Stanley
SpaceX to invest $2 billion in Musk's xAI startup, WSJ reports
SpaceX has committed $2 billion to xAI as part of a $5 billion equity round, deepening the ties between tech billionaire Elon Musk's ventures as his artificial intelligence startup races to compete with rival OpenAI, the Wall Street Journal reported on Saturday.
SpaceX to invest $2 billion into Musk's xAI startup – report
SpaceX has committed $2 billion to xAI as part of a $5 billion equity round, deepening the ties between tech billionaire Elon Musk’s ventures as his artificial intelligence startup races to compete with rival OpenAI, the Wall Street Journal reported on Saturday, July 12. The investment follows xAI’s merger with X and values the combined company at $113 billion, with the Grok chatbot now powering Starlink support and eyed for future integration i…
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