Nevertheless, the deals — and xAI’s developer and consumer-facing products — have driven xAI’s revenue to around $100 million a year. For comparison, Anthropic is reportedly on pace to generate $1 billion in revenue this year, and OpenAI is targeting $4 billion by the end of 2024.

The sovereign wealth fund of the Sultanate of Oman, Oman Investment Authority (OIA), has invested in Elon Musk’s artificial intelligence (AI) startup, xAI, for an undisclosed stake. The investment is

Written by Kate Conger The artificial intelligence company founded by Elon Musk, xAI, said on Monday that it had raised $6 billion, giving the startup a major lift as it competes with rivals, including OpenAI.

Elon Musk risked his entire fortune to pursue his dream of making humanity multi-planetary through SpaceX. Justine Musk, his ex-wife, revealed that he was so dedicated to his vision that he was willing to move in with her parents if his endeavor failed.

From yogurt store operator to tunneling executive, longtime Musk employee Steve Davis is bringing his unusual talents to the government.

Elon Musk's wealth is skyrocketing. His alliance with Donald Trump has him poised to 2025 more powerful than ever before.

Elon Musk’s right-hand man in charge of cost-cutting is now recruiting staff at the Department of Government Efficiency, according to a report. Steve Davis has remained loyal to Musk for years, working across his companies and even sleeping overnight in the Twitter offices with his wife and newborn during Musk’s acquisition in 2022 when the billionaire demanded his staff be “extremely hardcore,