OpenAI said it will be restructured as a public benefit corporation, and the nonprofit that controls the organization would ...

Much more than computing dominance is at stake; the struggle for AI primacy between the United States, China, middle powers, ...

Last year, the firm also raised $1.1 billion for two new private investment vehicles: D.E. Shaw Voltaic Fund and D.E. Shaw ...

xAI plans to use the funding to expand its Colossus supercomputer, which currently runs on 100,000 Nvidia Hopper GPUs. The ...

Elon Musk’s net worth rose $239 billion this year to $468 billion. That increase is due mainly to his ownership of three ...

AI finished raising $6 billion in new funding and has begun receiving Nvidia GB200 chips. The chips are arriving about a ...

Broadcom has reached a historic milestone, surpassing a US$1 trillion market valuation amid the rapid growth of the ...

Elon Musk has a lot going on as 2024 winds to a close. The CEO of both Tesla (TSLA) and SpaceX is finishing a busy year that ...

In a series C investment round, Elon Musk's artificial intelligence venture xAI raised $6 billion. This adds to the $6 ...

Nevertheless, the deals — and xAI’s developer and consumer-facing products — have driven xAI’s revenue to around $100 million ...

In total, 97 investors were involved in this round of funding, with the minimum investment per participant pegged at $77,593.

Artificial intelligence (AI) stocks have been some of the strongest drivers of the market this year. Given that the AI trend still appears to be in its early innings, though, it l ...