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 - 4 hours ago

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

Nvidia’s strategic expansion in India: Advanced AI chip, 1GW AI data center planned

World - Yahoo News - October 24

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

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

Michael Kosta Thinks He’s Found Elon Musk’s Next Failed Purchase

The “Daily Show” host said Musk “bought Twitter just to drive it into the ground” and is now considering doing the same for America.

Top stories - The New York Times - October 23

Amazon steps up effort to build AI chips that can rival Nvidia

Big Tech group’s Annapurna Labs is spending big to build custom chips that lessen its reliance on market leader

Business - Financial Times - 3 days ago

Elon Musk's PAC giveaway raises legal concerns

Elon Musk is giving away big bucks to random voters who sign a petition from his political action committee. But there's a catch — and it's raising concerns about possible campaign finance ...

Elon Musk’s xAI launches API, letting third-party developers build atop Grok

Attention, developers: you can now get your hands on Elon Musk's Grok 2 multimodal language model through his startup xAI's new API.

Tech - VentureBeat - October 21

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

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

Elon Musk Steps Up His Support for Donald Trump’s Campaign

The tech mogul is pushing even harder in the final days of the presidential race to get Donald Trump re-elected, with plenty at stake for his businesses.

Business - The New York Times - October 30

Elon Musk Ramps Up Legal Fight With OpenAI, Microsoft

The billionaire accused the ChatGPT maker of anticompetitive behavior in new court filings.

Tech - The Wall Street Journal - 8 hours ago

Elon Musk raises payment offer to $100 for voters who sign petition for gun and speech rights

Billionaire Elon Musk has upped his financial offer for registered swing state voters to sign a conservative-leaning petition.

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.

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 - 4 days ago

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 - 3 days ago

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.

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

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 - 7 hours ago

How a Data Center Divided a Small Missouri Town

Residents of Peculiar battled developers and some of their local officials to keep a giant data center out of their community.

Tech - The New York Times - October 29

Nvidia earnings are a test for chip stocks as software has stolen the limelight

Nvidia’s earnings could give a jolt to other AI semiconductor plays if the outlook impresses, but don’t expect software stocks to lose shine during a seasonally strong quarter.

Business - MarketWatch - 2 days ago

Meet the Candidate: Elon Musk

The billionaire is spending a fortune to support former President Donald J. Trump. But at a town hall event in Pennsylvania, he looked an awful lot like a politician himself.

Top stories - The New York Times - October 18

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 - 3 days ago

Elon Musk promises to award $1m every day to voters as he steps up campaigning for Trump

The billionaire’s Trump-supporting Pac will give the money to those who sign a petition that encourages Republicans to register to vote. Elon Musk said his Trump-supporting political action ...

World - The Guardian - October 20

Elon Musk ratchets up bid to re-elect Trump with series of stunts and appearances

Elon Musk has forcefully ramped up his efforts to help re-elect former President Donald Trump, raising eyebrows across the political world.

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

Justice Department sues to block UnitedHealth Group's $3.3 billion purchase of Amedisys

The Justice Department is suing to block UnitedHealth Group’s $3.3 billion purchase of Amedisys

Health - ABC News - 2 days ago

New York State Chosen as National Center for Chip Manufacturing Research

The Biden administration will place a hub of a newly created national semiconductor technology center in upstate New York.

Business - The New York Times - November 1

Chip stocks are ready for a big rally, based on this ‘truly unusual’ data point

History suggests it’s highly likely that chip stocks will outperform their software rivals over the next several months.

Business - MarketWatch - October 29

Elon Musk's PAC Is Buying Ads for Donald Trump on Elon Musk's X

America PAC purchased ads yielding tens of millions of impressions on X between July 8 and October 1, according to the platform’s ad disclosure data.

Tech - Wired - October 21

Nvidia may break its beat-and-raise streak, but there’s good news for investors

Nvidia’s outlook for the January quarter may not wow Wall Street when the company posts earnings next week. But Mizuho analysts see bright prospects for later next year.

Business - MarketWatch - 3 days ago

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

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