xAI, the AI firm headed by Elon Musk has been in the limelight recently due to several developments. The embattled firm has been bold in its actions and garnered attention from key players in the industry. An announcement revealed that
xAI has secured a $10 Billion funding boost to further its AI ambitions. This comes amidst threats from Trump of unleashing DOGE on Musk. This threat, rumored to be in connection with Musk's ambitions, has not dampened spirits.
Morgan Stanley has extended deadline as xAI sweetens a $5B debt deal. It has been disclosed that Elon Musk is merging xAI with X, in a deal touted to reshape the internet. This has raised the company's valuation to about $33 billion and asylum rumors of possible partnership with Nvidia. However, as operations expand,
xAI faces a lawsuit over alleged data center air pollution. It is revealed that
Musk has plans to raise a staggering $20 Billion in equity, and $5 billion in debt via Morgan Stanley. Amid all these, Toncoin, another cryptocurrency, has fallen 7% as a possibly strained partnership with xAI and Telegram's founder continues. xAI's growth has not been without challenges, an engineer quit over a post on Grok 3 AI ranking and there's been a lot of uncertainty surrounding a $300 million deal with Telegram. Despite these hurdles, Musk seems undeterred with plans to establish an AI game studio.
XAI Coin News Analytics from Tue, 09 Jan 2024 08:00:00 GMT to Wed, 02 Jul 2025 10:51:47 GMT -
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- Innovation 8
- Information 7
- Rumor 6
