U.S. President-elect Donald Trump claimed Musk can't be president amid speculation about the tech entrepreneur's influence in Republican politics.

In the end, both Musk and Trump failed to kill the bill. Musk did slightly better, getting some of his specific funding proposals, but he failed at the big-picture goal of decimating the budget. Trump,

Nevertheless, the deals — and xAI’s developer and consumer-facing products — have driven xAI’s revenue to around $100 million a year. For comparison, Anthropic is reportedly on pace to generate $1 billion in revenue this year, and OpenAI is targeting $4 billion by the end of 2024.

A lot of compute is needed,” Mr. Musk said in a post about the financing, in which BlackRock, Fidelity and Sequoia participated.