All news on the topic: xAI

Elon Musk’s SpaceX has raised 75 billion US dollars (£56 billion) ahead of its record-breaking 1.8 trillion US dollar (£1.3 trillion) US stock market debut on Friday as it looks set to become the biggest flotation of all time.

Technology tycoons Elon Musk and Sam Altman are poised to face off in a high-stakes trial revolving around the alleged betrayal.

SpaceX announced it has secured an option to acquire the code-generation startup Cursor for $60 billion later this year, or alternatively pay $10 billion for their new partnership, as it ventures further into the lucrative market for AI developer tools.

A company backed by Jeff Bezos has recruited an xAI co-founder from OpenAI, as the billionaire’s secretive start-up accelerates hiring in pursuit of AI systems aimed at transforming the industrial sector.