Elon Musk's artificial intelligence startup xAI is working with a financier to secure up to $12 billion more for its expansion plans, the Wall Street Journal reported on Tuesday, citing people familiar with the situation.

In a video clip gone viral now, Nvidia’s co-founder and CEO Jensen Huang lavishes praise on xAI and Tesla’s boss Elon Musk for building a supercomputer in mere weeks, which would ideally take three years just to plan. Huang quips,

Trump on Wednesday is planning to reveal an “AI Action Plan” he ordered after returning to the White House in January. He gave his tech advisers six months to come up with new AI policies after revoking President Joe Biden's signature AI guardrails on his first day in office.

Elon Musk's xAI is reportedly seeking $12 billion in debt financing to buy Nvidia chips and build a massive AI supercluster, signaling an aggressive push to stay competitive in the global AI arms race.

Elon Musk's AI chatbot, Grok, denounced Donald Trump's recent allegations against Barack Obama, calling the Trump administration's claims 'politically motivated to distract from Jeffrey Epstein.' Trum

Elon Musk’s AI venture xAI saw a sharp increase in revenue following the release of its Grok 4 model on July 9. According to data from Appfigures, Grok’s

We take a deep dive into the advantages and controversies of Grok, and what sets it apart from other generative AI chatbots.

In a familiar critique of corporate structures, Musk also weighed in on the ideal environment for fostering such long-term, existentially focused AI. He declared, “For long-term optimization, it is better to be a private than a public company, as the latter is punished for long-term optimization beyond the reward cycle of stock portfolio managers.”

Apple stock is suffering over AI doubts and it might need to turn to an external partner. Elon Musk’s xAI could be the ally it needs, according to Melius’s Ben Reitzes.

It’s unclear whether the new partnership will allow xAI to use vehicle data to train its large language models.