The Business Times

xAI

Global Enterprise

BlackRock, Nvidia-backed group including Temasek strikes US$40 billion data centre deal to fuel AI boom

Nvidia’s leaders have said that they will use the company’s growing financial strength to speed up the deployment of AI across the industry.
Startups

Nvidia to invest in Musk’s xAI as part of US$20 billion funding

ChatGPT currently holds the top spot in the App Store’s “Top Free Apps” section for iPhones in the US, while xAI’s Grok ranks fifth and Google’s Gemini chatbot sits at 57th.
Telcos, Media & Tech

Musk says xAI to take legal action against Apple over App Store rankings

The potential investment discussion comes as Tesla faces various challenges, including Musk’s political activities.
Transport & Logistics

Tesla gets multiple shareholder proposals related to investment in xAI

xAI acquired X, formerly called Twitter and also owned by Musk, in a US$33 billion deal in March this year, valuing the combined group at US$80 billion at the time.
Transport & Logistics

Musk says he does not support merger between Tesla and xAI

The investment follows xAI’s merger with X and values the combined company at US$113 billion.
Telcos, Media & Tech

SpaceX to invest US$2 billion in Musk's xAI startup

“XAI is not seeking funding right now. We have plenty of capital,” Musk posted on X after the FT report.
Technology

Musk’s xAI seeks up to US$200 billion valuation in next funding round: report

Investors are demanding more for xAI’s debt because the company and its bonds are not yet rated, giving investors little visibility into the company’s finances and increasing the risk.
Startups

Musk’s xAI extends deadline and ups yield on bonds following lukewarm demand: source

Elon Musk appears eager to refocus on his array of businesses after announcing last week that he would be stepping back from politics.
International

Elon Musk taps investors for billions days after Washington exit

xAI’s Grok chatbot last week ignited controversy by answering multiple user prompts with right-wing propaganda about the purported oppression of white South Africans.
Telcos, Media & Tech

Microsoft strikes deal with Musk to host Grok AI

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