Elon Musk's xAI Startup Is Valued at $50 Billion in New Funding Round

The artificial-intelligence company has told investors it raised $5 billion in its latest funding round.

Tech - The Wall Street Journal - 18 hours ago

Elon Musk’s xAI startup said to eye funding round, valuing the company at this much

xAI is in talks with investors for a funding round, the Wall Street Journal reported.

Business - MarketWatch - October 29

Elon Musk's xAI in Talks to Raise Funding Valuing It at $40 Billion

The new fundraising effort would substantially increase startup’s valuation from spring.

Tech - The Wall Street Journal - October 29

Elon Musk’s xAI in Funding Talks That Could Value Company at $40 Billion

The financing efforts follow that of rival OpenAI, which recently closed a funding round that valued it at $157 billion.

Tech - The New York Times - October 31

AI Startup Perplexity to Triple Valuation to $9 Billion in New Funding Round

The artificial intelligence search company is raising $500 million in its fourth funding round this year.

Tech - The Wall Street Journal - November 5

Musk in funding talks with Middle East investors to value xAI at $45bn

Early discussions include existing backers of artificial intelligence start-up

World - Financial Times - October 31

Elon Musk's xAI raising up to $6 billion to purchase 100,000 Nvidia chips for Memphis data center

Elon Musk's artificial intelligence company xAI is raising up to $6 billion at a $50 billion valuation, according to CNBC's David Faber.

Business - CNBC - 5 days ago

OpenAI Chair’s AI Startup Sierra Gets $4.5 Billion Valuation in Latest Funding Round

Former Salesforce co-CEO Bret Taylor’s company keeps pulling in money from top VC firms as expectations mount.

Business - Inc. - October 29

Trump’s victory will benefit Elon Musk and xAI

Now that Musk helped propel Trump to a victory, expect xAI to join in the list of federally approved AI vendors and possibly even preferred AI vendors.

Tech - VentureBeat - November 6

Elon Musk's companies balloon in value, with one exception

Tech giant Elon Musk has successfully expanded several businesses, bolstering his capital and financial prowess to become the richest person on Earth. But the billionaire entrepreneur has seen a ...

Politics - The Hill - 4 days ago

Bret Taylor’s AI startup Sierra raises funding at $4.5 billion valuation

Sierra, the startup founded by ex-Salesforce co-CEO Bret Taylor, has raised a fresh round of capital that values the company at $4.5 billion.

Business - CNBC - October 28

Valuations at Musk’s SpaceX and xAI set to soar in new deals

Billionaire’s rocket builder plots huge share sale while AI start-up closes in on $5bn funding round

Business - Financial Times - 6 days ago

Jeff Bezos, Elon Musk and the Billions of Ways to Influence an Election

The world’s richest men have their own rocket fleets, their own media and their own schemes to succeed with Donald J. Trump.

Business - The New York Times - October 31

Alphabet's self-driving unit Waymo closes $5.6 billion funding round as robotaxi race heats up in the U.S.

Alphabet-owned driverless vehicle unit Waymo just closed a $5.6 billion funding round to expand its robotaxi service across the U.S.

Business - CNBC - October 25

Elon Musk is $26 billion richer after Tesla's best day on the stock market since 2013

Tesla shares soared 22% on Thursday, lifting the world's richest person's net worth by roughly $26 billion.

Business - CNBC - October 24

Tesla’s stock extends election surge, as Elon Musk is getting $68 billion richer

Tesla’s stock is headed for its best four-day stretch in more than four years, following Donald Trump’s election win.

Business - MarketWatch - November 11

Elon Musk is $70 billion richer since Trump victory due to Tesla stock surge

Tesla's 39% surge since Donald Trump's election victory last week has lifted Elon Musk's net worth by about $70 billion.

Business - CNBC - November 11

Elon Musk is $70 billion richer since Trump victory due to Tesla stock surge

Elon Musk spent $44 billion to buy Twitter, now known as X, and at least $130 million to help get Donald Trump elected president.

Will Elon Musk and Vivek Ramaswamy's new 'department' actually be able to do anything?

Democrats and good government groups are skeptical of how much Trump's outside commission run by Elon Musk and Vivek Ramaswamy will be able to do.

Politics - NBC News - 6 days ago

What to know about Elon Musk’s role in Trump’s new administration

Tech billionaire Elon Musk has been a key ally to President-elect Trump and now he’s been tasked with running the "Department of Government Efficiency," an outside effort that is not part of the ...

Why Elon Musk Says His New Role ‘Won’t Be Business as Usual’

Musk’s moves since the election suggest the Tesla CEO will be heavily involved in the Trump administration’s ‘revolution,’ as he calls it.

Business - Inc. - 5 days ago

Elon Musk met Iran's UN ambassador in New York

It is not clear if President-elect Trump or his national security team were aware of the meeting.

Can Elon Musk teach an old DOGE new tricks?

Fixing the federal bureaucracy is critical to the future health of our government and of our nation, so I hope DOGE succeeds. But Musk might discover that it's easier to start a colony on Mars.

Politics - The Hill - 23 hours ago

Saudi sovereign wealth fund announces $2 billion deal for new Brookfield Middle East platform

At least 50% of the capital will be allocated to investments in the kingdom and to expanding international companies' presence in the local market.

Business - CNBC - October 30

Elon Musk's many hats

Welcome to The Hill's Technology newsletter {beacon} Technology Technology The Big Story What a Trump win could mean for Musk's businesses Elon Musk is wearing multiple hats this election ...

Politics - The Hill - October 22

Elon Musk goes to Washington

Billionaire chief of Tesla and X looks set to take up influential adviser role in White House

World - Financial Times - November 12

Elon Musk’s Political Influence

We explore Musk’s agenda and ideology.

Top stories - The New York Times - 3 days ago

Trump nominates Elon Musk and Vivek Ramaswamy to lead new efficiency department to ‘restructure federal agencies’ – live

Tesla CEO and onetime Republican presidential hopeful put forward to lead department to ‘dismantle government bureaucracy’ . Trump’s cabinet picks and likely contenders so far Joe Biden is ...

World - The Guardian - November 13

Elon Musk is not America’s new king. But he might be its new Thomas Cromwell | John Naughton

The billionaire was indispensable to Trump’s campaign and now has a senior job. He is about to become dangerously useful. Picture, if you will, the scene in Mar-a-Lago on election night at the ...

World - The Guardian - 4 days ago

Play Ventures raises $140M second fund to invest in games and consumer startups

Play Ventures, a global venture capital firm specializing in early-stage gaming, has raised $140 million for its third gaming fund.

Tech - VentureBeat - 3 days ago

How Trump’s ‘new star’ Elon Musk stands to benefit from his presidency

There are already signs of a return on the Tesla chief’s political investment, and there could be more to come. US elections 2024 – live updates US election results 2024: live map and ...

World - The Guardian - November 6

Trump says Elon Musk and Vivek Ramaswamy will head a new ‘Department of Government Efficiency’

Trump named tech billionaire Elon Musk and conservative activist Vivek Ramaswamy to head up a new "Department of Government Efficiency," fulfilling a campaign pledge to give Musk sweeping oversight ...

Elon Musk's new 'department' seeks 'super high-IQ' staff for unpaid jobs

Elon Musk and Vivek Ramaswamy’s new commission to slash government spending began soliciting applications for staff jobs Thursday.

Are Elon Musk and Vladimir Putin Talking?

The billionaire has reportedly been in regular contact with the Russian president, heaping more scrutiny on the power and influence the entrepreneur wields over the U.S. government.

Business - The New York Times - October 25

Trump Family’s Outfits for Election Win Offer a Picture of What Is to Come

Melania, Ivanka, Barron and an extended cast of supporters offer a picture of what is to come.

Lifestyle - The New York Times - November 8

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