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XAI COMPANY NEWS
SpaceX lowers IPO valuation target to at least $1.8 trillionBloomberg News reported in April that SpaceX was aiming for a valuation above $2 trillion. The target is settling lower after consultations...- OpenAI grows stable of law firms for high-stakes lawsuits, dealsThe company, its CEO Sam Altman and their lawyers at Wachtell Lipton Rosen & Katz and Morrison & Foerster on Monday scored a major victory ...
- Govt’s new ‘law-to-code’ push; UpGrad’s $1.7 billion valuationHappy Wednesday! The government plans to translate legal provisions into software code that enforces compliance by design. This and more in...
- Elon Musk’s xAI promised staff $420 for their tax returns, hasn’t paidElon Musk's xAI offered employees a $420 payment for their tax returns to train its Grok chatbot. Two months later, these promised payments...
- Cerebras stock (CBRS) surges 90% on Nasdaq debut as AI chip race intensifies with Nvidia, AMD and Intel rivalry - here's everything investors need to knowCerebras stock (CBRS) price today: AI chipmaker Cerebras experienced a remarkable Nasdaq debut, with shares surging approximately 90% to op...
- Tesla made $573 million in sales from SpaceX and xAI last yearTesla earned over $500 million from Elon Musk's companies last year. xAI, his AI startup, accounted for about $430 million. SpaceX, the roc...
- On witness stand, Elon Musk accuses Sam Altman's lawyer of trying to trick himElon Musk is in court accusing OpenAI's lawyer of trying to trick him. The trial centers on Musk's lawsuit claiming OpenAI abandoned its mi...
- Google drops out of $100 million Pentagon drone swarm contest after advancingGoogle abruptly withdrew from a $100 million Pentagon prize challenge for autonomous drone swarms after an internal ethics review. The comp...
- Intel’s $100 billion April rally makes it market’s hottest stockIntel has emerged as one of the hottest S&P 500 stocks, adding over $100 billion in market value during a nine-day, 53% rally. A string of ...
- xAI CFO Anthony Armstrong leaves the company: ReportAnthony Armstrong, xAI's Chief Financial Officer, has left the company. This departure is part of a larger trend of senior staff exits. Arm...
- TCS Q4 beats expectations; UP girl makes Y Combinator historyTCS reported strong Q4 results, driven by robust performance in North America and a weak rupee. This and more in today's ETtech Top 5.
- SpaceX IPO: Elon Musk asks SpaceX IPO banks to buy Grok AI subscriptions. Here's whyMorgan Stanley, Goldman Sachs, JPMorgan Chase , Bank of America and Citigroup are serving as active bookrunners, or the lead banks managi...
- Elon Musk’s SpaceX eyes over $2 trillion valuation in upcoming IPOElon Musk's SpaceX is reportedly targeting an IPO valuation exceeding $2 trillion, potentially making it the largest stock market listing e...
- Elon Musk's SpaceX confidentially files for mega IPOSpaceX, led by Elon Musk, has filed for a US initial public offering. This move could lead to the largest stock market listing ever. The co...
- Tesla to offer shareholders chance to invest in xAI: Elon MuskElon Musk announced on X that Tesla shareholders may vote on investing in his AI startup xAI, which recently acquired social media platform...
- Ex-Trump aide Katie Miller joins Elon Musk’s xAI after leaving White HouseElon Musk's xAI got permission for gas turbines at its Memphis data center. This happened despite local pollution concerns. Katie Miller, p...
- Musk's xAI raises $5 billion each in fresh debt and equity, Morgan Stanley saysThe $5 billion raised in debt consists of financing of secured notes and term loans, Morgan Stanley in a statement posted on social media p...
- Dell nears deal to sell $5 billion in AI servers to xAIShares of the company gained 4% after the report, which said Dell would sell servers containing Nvidia's GB200 semiconductors to the AI sta...
- Elon Musk denies report claiming his AI firm secured $500 million fundingElon Musk dismissed the report, saying, "This is fake news from Bloomberg", in response to a user who shared the news article on X.
- Elon Musk's AI company secures $500 million toward $1 billion funding goal: reportThe artificial intelligence (AI) startup xAI is discussing a valuation of $15 billion to $20 billion, though terms could still change in th...
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