Elon Musk's AI company xAI will raise billions from tech VCs.
TechCrunch recently broke the news that Elon Musk’s xAI is raising $6 billion at a pre-money valuation of $18 billion. The deal hasn’t closed yet, so the numbers could change. But it sounds like Musk is making an ambitious pitch to investors about his 10-month-old startup — a rival to OpenAI, which he also co-founded […] © 2024 TechCrunch. All rights reserved. For personal use only.
Tesla Inc. and SpaceX Chief Executive Officer (CEO) and X Corp. Chairman Elon Musk is seeking to prolong the recent wave of layoffs at the former company, The Information reported on Tuesday.The firin
ShipBob is reportedly planning to launch its initial public offering (IPO) as soon as late 2024. The listing could value the eCommerce fulfillment service provider at about $4 billion, Bloomberg reported Friday (April 19), citing unnamed sources. The firm has tapped J.P. Morgan Chase to lead its IPO and is also working with Citigroup, according […]
xAI, Elon Musk's artificial intelligence startup aiming to rival ChatGPT developer OpenAI, is set to close a massive $6 billion funding round that values the 10-month-old company at a staggering $18 billion.
CHICAGO >> The Chicago Bears unveiled a nearly $5 billion proposal today for an enclosed stadium next door to their current home at Soldier Field as part of a major project that would transform the city’s lakefront, and they are asking for public funding to help make it happen.
Nashville Mayor Freddie O'Connell released the details of his transit referendum that is expected to go before voters in November, revealing his plans will cost $3.1 billion and be partially financed through a half-cent sales tax increase. In a statement, O'Connell called his transit referendum "the best opportunity we've ever had to build out our priority sidewalks, to synchronize signals so you're spending less time at red lights, and to connect neighborhoods via a better transit system that...
Australian Anti-Scam Centre's report reveals online scams cost Australians $2.3 billion in 2023. Investment scams lead, with the elderly disproportionately affected.
FC Barcelona is reportedly in "well advanced" talks with its kitsponsor Nike over a new 'mega-contract' which could be worth up to $1.28 billion.
Century Lithium (TSXV: LCE) is reporting an after-tax net present value (8%) of $3.0 billion for its Clayton Valley Lithium
The Chicago Bears unveiled a nearly $5 billion proposal Wednesday for an enclosed stadium next door to their current home at Soldier Field as part of a major project that would transform the city’s lakefront, and they are asking for public funding to help make it happen.
The Biden administration's latest plan to wipe out federal student loan debt for millions of borrowers could add up to $750 billion to the national deficit, according to a Tuesday report from the Committee for a Responsible Federal Budget.So far, the White House has announced $150 billion in so-called student loan "forgiveness" programs over the last year following the Supreme Court's June decision to reject unilateral loan cancellations. The previously rejected program would have wiped out $430...