SpaceX is investing $2 billion into Elon Musk’s artificial intelligence startup, xAI, almost half of the $5 billion the company just raised through an equity

SpaceX has committed $2 billion to xAI as part of a $5 billion equity round, deepening the ties between tech billionaire Elon Musk's ventures as his artificial intelligence startup races to compete with rival OpenAI,

Elon Musk’s artificial intelligence company, xAI, is preparing to raise more funds from investors in a new deal that could value the startup

Elon Musk's plans to ship an overseas power plant to Memphis for an xAI supercomputer raise both interest and environmental concerns.

AI, Elon Musk’s AI company, is reportedly getting ready to raise more money from investors. If it succeeds, it could push its value as high as $200 billion.

Elon Musk’s SpaceX has agreed to invest $2 billion in xAI, investors close to the companies said, nearly half of the Grok chatbot maker’s recent equity raise.

SpaceX is planning to invest $2 billion in Elon Musk's xAI as part of a $5 billion equity round, the Wall Street Journal reported on Saturday. The news of the investment comes after xAI's merger with Musk's social media company X. The outlet reported that the merged company is valued at about $113 billion.

Built using huge amounts of computing power at a Tennessee data center, Grok is Musk's attempt to outdo rivals such as OpenAI's ChatGPT and Google's Gemini in building an AI assistant that shows its reasoning before answering a question.