Elon Musk’s xAI Targets $6B for Nvidia Chips, $50B Valuation Plan
Elon Musk's xAI intends to raise $6 billion for 100,000 Nvidia chips, aiming for a $50 billion valuation with a new Memphis data center. Elon...
Former Yandex CEO Volozh returned with an AI infrastructure project after Russia broke up
Arkady Volozh, founder of Nebius and former CEO of Yandex, wants to make Nebius a major AI infrastructure company. Since a $5.4 billion deal freed...
Tesla investors sue Elon Musk for starting a new AI company
Tesla shareholders are suing CEO Elon Musk and the company's board for allegedly taking employees and resources to work on his new AI project, xAI,...
Is Elon Musk slowing Tesla’s AI ambitions?
Elon Musk announces Tesla's big AI plans, which include investing $10 billion and using twice as many Nvidia chips. This comes at a time when...