The latest code leak for X, Mr. Musk's social platform, hints that its payments system, X Money, may be about to launch. X has secured money transfer licences for its payments subsidiary, X Payments LLC, in 39 US states but not all. X Money will allow users to tip content creators and may integrate cryptocurrency features. Analysts believe that Bitcoin and Dogecoin may be one of the payment options. X CEO Linda Yaccarino has confirmed that the feature will be launched in 2025, but has not confir...
Musk's xAI said that A16Z and BlackRock Group participated in the company's $6 billion financing.
On December 10, Grok, an AI model from Musk's AI company xAI, announced that it is updating Grok's functionality with a new autoregressive image generation model codenamed Aurora, which can be used on the X platform. Grok's new features on image generation include "Meme generation" in addition to entity generation and art culture.
Musk's xAI: We are updating the capabilities of the Grok chatbot with a new autoregressive image generation model codenamed Aurora, which is live on the X platform. (Jin Ten)
According to Arkham monitoring data, Musk's companies have holdings worth $2 billion, of which Tesla holds 11,509 bitcoins ($1.17 billion) and SpaceX holds 8,285 bitcoins ($842 million). The average purchase cost of these bitcoins is $34,980/piece, which means they have now made a profit of $1.30 billion (186%).
According to people familiar with the matter, Musk's space exploration company (SpaceX) discussed selling the shares held by insiders at a valuation of about $350 billion.
Musk's xAI company plans to launch a standalone app for its Grok chatbot as early as December to compete with OpenAI.
Musk's start-up xAI has raised $5 billion in fresh funding, valuing it at $50 billion. The latest round of funding, first announced on Friday, complements billions of dollars raised in May. Valor Equity Partners, Sequoia Capital and Andreessen Horowitz reportedly participated in the fundraising, as did Qatar's sovereign wealth fund. The investment firms had already invested $6 billion in xAI, allowing it to continue its "steady march," as the company announced back in May. According to xAI, inve...
According to the Financial Times, two of Musk's private companies are set to achieve a multibillion-dollar valuation leap through a new deal, as investors race to support the world's richest man's vast business interests. SpaceX, the largest private company in the United States, is preparing to launch a takeover offer in December that will sell its existing stake at about $135 per share, according to people familiar with the matter. This would value the rocket maker at more than $250 billion, hi...
According to The Information, Nvidia is in talks to participate in this round of financing for Musk's startup xAI.
According to the Wall Street Journal, Musk's artificial intelligence startup xAI is in talks to raise funds at a valuation of $40 billion.
According to the Wall Street Journal, Musk's artificial intelligence startup xAI is in talks to raise funds at a valuation of $40 billion.
X, Mr. Musk's social media platform, announced that it would update its terms of service and Privacy Policy from November 15 to include new content related to AI and machine learning, allowing third parties to use the platform's content to train AI models. In addition, the new Privacy Policy also added a clause for working with third parties, noting that the X platform "may" disclose information to third parties if users choose to share their data.
Starship, Mr. Musk's space exploration company, took off on the fifth major test flight of a carrier rocket.
Musk's social media platform X has paid a fine from Brazil's Supreme Court, and the company will file a new request to resume service in the country.