Elon Musk's artificial intelligence company xAI is raising up to $6 billion at a $50 billion valuation, according to CNBC's David Faber.

The Tennessee Valley Authority approved xAI's request for 150MW to power its AI supercomputer used for training Grok.

Chipmaking giant Nvidia is in talks with Elon Musk about investing in his fast-growing artificial intelligence startup xAI, a source close to the situation said.

Musk's xAI enters the generative AI race with its supercomputers and models like Grok. But can it rival OpenAI?

Elon Musk's artificial intelligence start-up xAI is seeking to raise as much as $1 billion, a Securities and Exchange Commission filing from this week shows.