xAI, the artificial-intelligence startup founded by Tesla CEO Elon Musk, said Tuesday that it had raised $20 billion as it continues to develop its Grok chatbot.

Elon Musk’s $20 billion investment into a new AI data center in Southaven is no slouch. What factors helped this happen?

Elon Musk's private artificial intelligence company xAI recently raised $20 billion, valuing the company at more than $200 billion. Among the investors in the company were a sitting member of Congress.

The AI firm behind Grok will add data center capacity near its supercomputer campus in Memphis by refurbishing an existing property.

Elon Musk's xAI raises $20 billion in a new funding round despite the AI company's chatbot Grok under severe scrutiny.

CEO Elon Musk stated on Monday that the EV maker would have had to spend twice as much on buying AI hardware from Nvidia Corp. (NASDAQ:NVDA) to train its systems if it weren’t for the company’s AI4 chipset.

A federal judge on Wednesday indicated a jury will be allowed to decide whether artificial intelligence trailblazer OpenAI hoodwinked its billionaire co-founder Elon Musk during its evolution from a nonprofit research lab into a capitalistic enterprise now valued at $500 billion.

Former SpaceX propulsion CTO Thomas Mueller’s space startup reached unicorn status this year thanks to $525 million in funding since 2021. It’s just one of 141 other startups founded by SpaceX alumni.