Elon Musk’s artificial intelligence start-up, xAI, is in talks to raise new financing that could value it at as much as $120 billion, up from $80 billion little more than a month ago, two people with knowledge of the discussions said. The talks are in the early stages, and xAI’s valuation could rise or fall…
A prominent Silicon Valley investor is in a bitter dispute with his former employer, one of the world’s largest asset managers, accusing it of fraud and attempted bribery. In a lawsuit filed on Thursday in California, Josh Raffaelli, who until late last year was a fund manager at Brookfield Asset Management, said the company had…
Elon Musk said on Friday that he had sold X, his social media company, to xAI, his artificial intelligence start-up, in an unusual arrangement that shows the financial maneuvering inside the business empire of the world’s richest man. The all-stock deal valued xAI at $80 billion and X at $33 billion, Mr. Musk said on…
In November, Elon Musk asked a federal court to block OpenAI’s plan to transform itself from a nonprofit into a purely for-profit company. On Tuesday, a federal judge in San Francisco denied Mr. Musk’s request, calling it “extraordinary.” But the court allowed Mr. Musk to proceed with other aspects of a lawsuit he filed last…
In November, Elon Musk asked a federal court to block OpenAI’s plan to transform itself from a nonprofit into a purely for-profit company. On Tuesday, a federal judge in San Francisco denied Mr. Musk’s request, calling it “extraordinary.” But the court allowed Mr. Musk to proceed with other aspects of a lawsuit he filed last…
The artificial intelligence start-up Anthropic said on Monday that it had completed a new fund-raising deal that valued the company at $61.5 billion, up from about $16 billion a little more than a year ago. Led by the venture capital firm Lightspeed Venture Partners, the new round will pump an additional $3.5 billion into the…
Listen to and follow ‘Hard Fork’Apple | Spotify | Amazon | YouTube | iHeartRadio This week, Elon Musk brought a new chatbot into the crowded A.I. universe — Grok 3, the latest model from his company xAI. We break down how it compares with other leading models and what it reveals about Musk’s larger ambitions….
Elon Musk’s role as President Trump’s cost-cutting czar and his immersion in right-wing politics appears to be diverting his attention from Tesla at a perilous moment for the electric car company. Tesla’s car sales fell 1 percent last year even as the global market for electric vehicles grew 25 percent. Mr. Musk has not addressed…