Elon Musk's artificial intelligence startup xAI is working with a financier to secure up to $12 billion more for its expansion plans, the Wall Street Journal reported on Tuesday, citing people familiar with the situation.

Elon Musk's xAI is reportedly seeking $12 billion in debt financing to buy Nvidia chips and build a massive AI supercluster, signaling an aggressive push to stay competitive in the global AI arms race.

As AI companies continue to push for more polluting data centers to train increasingly energy-intensive AI models, Meta is trying to make big claims about how the tech could solve the climate crisis.

Elon Musk's AI chatbot, Grok, denounced Donald Trump's recent allegations against Barack Obama, calling the Trump administration's claims 'politically motivated to distract from Jeffrey Epstein.' Trum

SpaceX and Tesla CEO Elon Musk said Baby Grok, a simplified AI chatbot designed for children, is coming next after the recent launch of Grok4 with advanced training capabilities.

President Donald Trump is unveiling an "AI Action Plan," shaped by Silicon Valley tech leaders who supported his campaign.

In a familiar critique of corporate structures, Musk also weighed in on the ideal environment for fostering such long-term, existentially focused AI. He declared, “For long-term optimization, it is better to be a private than a public company, as the latter is punished for long-term optimization beyond the reward cycle of stock portfolio managers.”

On Tuesday, major artificial intelligence (AI) chip manufacturers, including Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD), Broadcom (NASDAQ:AVGO), Taiwan Semiconductor Manufacturing Co. (NYSE:TSM),

Apple stock is suffering over AI doubts and it might need to turn to an external partner. Elon Musk’s xAI could be the ally it needs, according to Melius’s Ben Reitzes.

It’s unclear whether the new partnership will allow xAI to use vehicle data to train its large language models.