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.

XAI is tapping into the booming private-credit market to find the cash it needs to build massive data centers.

Elon Musk has said that he was living in denial over advancement in Artificial Intelligence while responding to a user's post on X.

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.”

His comment was in response to a post by Mario Nawfal, who quoted Nvidia CEO Jensen Huang. Last year, Huang had called Musk a “superhuman” after Musk’s company, xAI, built one of the fastest AI-training supercomputers,

Elon Musk recently claimed that we're at the beginning of an immense explosion of intelligence, citing the importance of safe and truth-seeking AI.

The xAI founder said the very notion humans actually once managed an economy will seem very quaint in the future, like “cavemen throwing sticks into a fire.”

Elon Musk launched his long-teased artificial intelligence startup xAI on Wednesday, unveiling a team made up of engineers from the same big US technology firms that he hopes to challenge in his ...

A dynamic is emerging among Elon Musk’s Tesla, SpaceX, and xAI, fueling talk of consolidation. That isn’t necessarily a problem for Tesla shareholders.