The Latest Breaking News from XAI

The firm has secured £107 million from investors and is now pursuing a total of $1 billion (£0.8 billion) in equity financing.

Live, rolling coverage of business, economics and financial markets as Bank of England’s Andrew Bailey calls for UK to ‘embrace AI’

Billionaire wants xAI to keep pace with rivals including OpenAI, Microsoft and Google

The Tesla mogul's startup has already raised nearly $135 million.

Musk relies on several executives, like Steve Davis and Gwynne Shotwell, to help run his companies.

OpenAI co-founder Altman and former president Greg Brockman will now lead an advanced AI team at Microsoft.

A new CEO at the top, and a lot of familiar faces from Musk's circle.

Musk's "rebellious" AI bot is obnoxious and snarky, but there's more to it than meets the eye.

Musk's AI startup has hired a raft of experienced engineers.

On November 4, X owner Elon Musk unveiled his new AI chatbot Grok: a sarcastic ChatGPT alternative supposedly “modelled” after The Hitchhiker’s Guide to the Galaxy, one of Musk’s favourite books.

Elon Musk's generative AI venture, xAI, has launched Grok, its rival to ChatGPT. The billionaire is hoping to capitalise on the artificial intelligence revolution. While the private sector races to profit from AI innovation, governments are scrambling to keep up, vowing to protect humanity from potential catastrophe. So what might…