xAI
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Elon Musk’s xAI buys Elon Musk’s X for $33 billion on paper
A few years after buying Twitter for $44 billion, Elon Musk announced that his AI business xAI has acquired the social media platform X, formerly known as Twitter. In a tweet, he described it as an all-stock transaction, valuing xAI at $80 billion and X at $33 billion, including $12 billion in debt it had as part of his takeover.…
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Nvidia, xAI and two energy giants join genAI infrastructure initiative
The new AIP members will “further strengthen the partnership’s technology leadership as the platform seeks to invest in new and expanded AI infrastructure. Nvidia will also continue in its role as a technical advisor to AIP, leveraging its expertise in accelerated computing and AI factories to inform the deployment of next-generation AI data center infrastructure,” the group’s statement said. “Additionally,…
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OpenAI demands investors shun rivals such as Anthropic, Elon Musk’s xAI – Computerworld
“These arrangements have traditionally been more common in fast-moving, high-stakes industries like ridesharing, where firms like Uber and Lyft sought to secure conflict-free funding during critical growth periods,” George said. However, such agreements were typically limited to defined periods, such as six or 12 months, he added. The move could significantly reshape the venture capital landscape, potentially intensifying competition for…
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