xAI

Elon Musk’s xAI raises $10 billion in debt and fairness

by
Elon Musk’s xAI raises billion in debt and fairness

Elon Musk announced his new company xAI, which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty Images XAI, the artificial intelligence startup run by Elon Musk, raised a combined $10 billion in debt and equity, Morgan Stanley said. Half of that sum was clinched … Read more

NAACP broadcasts plans to sue Elon Musk’s xAI over air pollution considerations

by
NAACP broadcasts plans to sue Elon Musk’s xAI over air pollution considerations

Colossus came online in September 2024. The data center, housed in a former home appliance factory, is responsible for training X’s Grok chatbot. Although economic leaders and local officials have praised xAI’s decision to locate in Memphis for its revenue-generating potential, residents of a nearby historically underserved Black neighborhood called Boxtown are skeptical of the … Read more