Saudi Arabia's PIF sovereign wealth fund is expected to play a large role in the deal, according to the FT report. PIF holds an indirect interest in xAI through its stake in Kingdom Holdings Company,

Elon Musks AI startup xAI is reportedly exploring a new funding round that could value the company between $170 billion and $200 billion, according to the Financial Times. Sources familiar with the matter say Saudi

According to the Financial Times, xAI plans to spend $18 billion on expanding its compute infrastructure. The company trains its models using a supercomputer called Colossus that is located in Memphis. Earlier this year, Musk stated that xAI plans to increase the number of graphics cards in the system from 200,000 to 1 million.

Elon Musk unveiled the newest edition of xAI's flagship AI model, Grok, late Wednesday night in a livestream video that touted Grok 4's prowess at topping benchmark scores. Why it matters: xAI is in an accelerating race with OpenAI,

As Grok fired off replies on X praising Hitler, the chatbot's parent company also recently got permission to emit 97 tons of carbon monoxide per year to keep it running.

Some X users suddenly became the subject of violent ideations by xAI’s flagship chatbot.

Elon Musk's plans to ship an overseas power plant to Memphis for an xAI supercomputer raise both interest and environmental concerns.

Built using huge amounts of computing power at a Tennessee data center, Grok is Musk's attempt to outdo rivals such as OpenAI's ChatGPT and Google's Gemini in building an AI assistant that shows its reasoning before answering a question.