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

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 - 3 days ago

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 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 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 - November 15

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 - November 16

Philadelphia Phillies capital raise values the team at around $3 billion

The Philadelphia Phillies recently raised close to $500 million in capital from three new investors, according to two people familiar with the deal.

Business - CNBC - November 8

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

UK Budget: Labour Party to Raise Taxes by 40 Billion Pounds

Rachel Reeves, the finance minister, announced substantial tax increases in her first budget as she sought to strengthen public finances and services.

Business - The New York Times - October 30

President-elect Trump's relationship with Elon Musk raises ethics concerns

Elon Musk and President-elect Donald Trump met in Texas Tuesday to watch as Musk's company SpaceX test launched its largest rocket. The two have had a close relationship throughout the election, ...

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

DevRev raises $100.8 million in Series A funding and becomes an AI unicorn at a $1.15 billion valuation

Following its successful Series A funding, DevRev drives forward its mission to revolutionize customer support and product development.

Tech - VentureBeat - November 1

Cop29 live: Slashing methane emissions is ‘our emergency brake’, UN says

Cop29 presidency announces new drive to cut methane emissions from waste dumps as G20 reaffirms transition from fossil fuels. The UK government has conceded that Australia was mistakenly included ...

World - The Guardian - 5 days ago

MicroStrategy, the largest corporate bitcoin holder, to raise more than $40 billion to buy more bitcoin

The plan is to use the additional capital ‘to buy more bitcoin as a treasury reserve asset,’ the company says.

Business - MarketWatch - October 31

Elon Musk’s lawyer says $1M giveaway winners not randomly chosen, raising potential legal issues

Elon Musk's lawyer said in a courtroom Monday that the winners of Musk’s $1 million daily prize giveaway in election swing states are not chosen at random.

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.

Elon Musk's secret talks with Putin ramped up during his Twitter takeover: WSJ report

Tesla and SpaceX CEO Elon Musk has engaged in secret talks with Vladimir Putin since late 2022, The Wall Street Journal reports.

Business - CNBC - October 25

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 - November 15

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 - 6 days ago

The myths that made Elon Musk

The tech billionaire’s backing of Donald Trump is part of a worldview that draws on Silicon Valley’s wildest frontiers

Business - Financial Times - Yesterday

Levellr raises funds for tools to manage Discord communities

Levellr has raised $1.75 million for its community management and insights tools used by companies to manage Discord communities.

Tech - VentureBeat - November 1

Waymo Raises $5.6 Billion From Outside Investors

Alphabet’s driverless car unit now has vehicles operating in San Francisco, Phoenix and Los Angeles.

Business - The New York Times - October 28

The Columbus Blue Jackets Are Now Valued Over $1 Billion Per Sportico

The Columbus Blue Jackets paid an expansion fee of $80 million to start in 2000.

Sports - Yahoo Sports - October 30

Hertz booked a $1 billion charge as the value of its cars dropped

Hertz’s stock slips, but bounces sharply off earlier lows, as $1 billion write-off of car values reflects acceleration of fleet rotation.

Business - MarketWatch - November 12

UK Pizza Hut to raise funds after Budget tax hikes

The money could come from a sale of part of the business, or new investment from existing shareholders.

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 - 6 days ago

Tesla hits $1tn market value after Musk-backed Trump win

Car company’s valuation saw sharp rally on growing bets CEO would reap the benefits of his support for president-elect. Tesla’s market value breached the $1tn mark in a sharp rally on Friday, on ...

World - The Guardian - November 8

Elon Musk’s money and the battle for Pennsylvania – video

Pennsylvania is set to be this election’s most vital swing state, with the world’s richest man injecting tens of millions of dollars into the race to help Donald Trump win. With just days before ...

World - The Guardian - October 31

Why a Memphis Community Is Fighting Elon Musk’s Supercomputer

Residents say Mr. Musk’s data center for artificial intelligence is compounding their pollution burden and adding stress on the local electrical grid.

Tech - The New York Times - October 31

Why Elon Musk's Robotaxi Dreams Are Premature

Tesla is pushing to build true self-driving vehicles by 2026. The way its CEO wants to do it seems risky.

Tech - The Wall Street Journal - November 1

What's at stake for Elon Musk in the presidential election?

Musk, the world's richest person, has sought to help elect Donald Trump.

A Recent Timeline of Elon Musk Going All In on Trump

Over the past month, Elon Musk has put himself in position to take the credit for a Donald Trump win—or the blame for a loss.

Tech - Wired - November 4

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