Musk’s xAI is being sued over its data center generators — now it’s buying $2.8B more
Elon Musk’s xAI said it will buy $2.8 billion worth of natural gas turbines over the next three years, according to SpaceX’s IPO filing.
Elon Musk’s xAI said it will buy $2.8 billion worth of natural gas turbines over the next three years, according to SpaceX’s IPO filing.
Nvidia announced another record revenue figure after market close on Wednesday, but forecasted that revenue growth would slow in the following quarter.
SpaceX’s IPO filing reveals xAI lost $6.4 billion in 2025 while planning a massive Grok expansion — offering the first public look at Elon Musk’s AI financials and more details about his ambitions.
The video clipping startup raised a $7 million seed round led by Slow Ventures.
SpaceX has finally made the contents of its IPO filing public, weeks ahead of what is expected to be the largest IPO ever and one that will make Musk the CEO, CTO, and chairman of the board.
Anthropic has told its investors that it will more than double revenue to around $10.9 billion in its second quarter.
The next big thing for Nvidia will be CPUs for AI agents, $200 billion worth, CEO Jensen Huang predicts.
Biotech company Imperagen announced on Thursday a £5 million ($6.7 million) seed round led by PXN Ventures, with participation from IQ Capital and Northern Gritstone.
Scapia, an Indian startup that combines travel booking with co-branded credit cards and mobile payments, said the deal doubles its valuation.
The company said its plans will range from 1 GB over 7 days to 20 GB over 30 days. Initially, the launch will make the eSIM product available in 29 countries.